Unprecedented global project is reforesting the Amazon in Brazil
May 15, 2023
Brazilian startup implements a US$ 100 million program in Pará to remove carbon from the atmosphere.
Brazilian startup implements a US$ 100 million program in Pará to remove carbon from the atmosphere.
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AXA fund to invest $49 million in Brazil reforestation projects
July 27, 2023
An alternative investment vehicle controlled by French insurer AXA (AXAF.PA) said on Tuesday it will inject $49 million into reforestation projects in Brazil led by local startup Mombak.
New venture, with Conservation International as an impact adviser, will help boost supply of high-quality carbon removal credits while creating social, economic, and environmental value
The panel will discuss investment opportunities in biodiversity finance and innovative business models to promote the protection of biodiversity and ecosystem services. Emphasis will be placed on the potential for the private sector to take a leading position in this transition through targeted investment activities.