World Bank issues $225m Amazon reforestation-linked bond, linking investor returns to carbon removal.
World Bank issues $225m Amazon reforestation-linked bond, marking first bond linking investor returns to carbon removal. The 9-year bond aims to incentivize reforestation projects, with Microsoft agreeing to purchase carbon removal units. Proceeds are used for World Bank's sustainable development initiatives, including $36m towards Brazilian company Mombak's reforestation activities.
7 months ago
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