World Bank Issues World's First $225 Million Carbon Removal Bond to Fund Amazon Reforestation.

Banking & Finance

The World Bank has launched the world's first carbon removal bond, valued at $225 million, aimed at supporting reforestation efforts in the Amazon rainforest. This innovative financial instrument is designed to facilitate large-scale carbon sequestration projects, addressing climate change by restoring critical ecosystems. The bond represents a significant milestone in environmental finance, providing necessary funds for extensive reforestation while promoting sustainable development. This initiative aligns with global climate goals and highlights the World Bank’s commitment to innovative solutions for combating deforestation and preserving biodiversity in the Amazon region.


      The bond will support projects aiming to restore over 1 million hectares of degraded Amazon rainforest.

      Investors in the bond will receive returns based on the amount of carbon removed through reforestation efforts.

     

 

     


About World Bank,

Chairman: Ajay Banga
Headquarters: United States
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