Loading...
Loading...
Browse all stories on DeepNewz
VisitHow many additional corporate partners will commit to purchasing carbon removal units from Mombak by end of 2025?
None • 25%
1 to 3 • 25%
4 to 6 • 25%
More than 6 • 25%
Announcements from Mombak or partnering companies
World Bank Launches $225M Carbon Removal Bond for Amazon Reforestation with Mombak
Aug 15, 2024, 03:00 PM
The World Bank has launched a $225 million bond aimed at funding reforestation efforts in the Amazon rainforest. This bond, described as the world's first carbon removal bond, links investors' financial returns to the amount of carbon removed from the atmosphere. The proceeds from this principal-protected, nine-year bond will be used to support reforestation projects by the Brazilian startup Mombak. Additionally, Microsoft has committed to purchasing carbon removal units generated from these projects.
View original story
Yes • 50%
No • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
1 to 2 million tons • 25%
More than 3 million tons • 25%
Less than 1 million tons • 25%
2 to 3 million tons • 25%