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Amazon commits to buy, sell South African project’s carbon removal credits
Digital retail and platform company Amazon has committed to buying 1.95-million tons of carbon removal credits generated over more than a decade by the nature-based carbon removal programme in South Africa's Eastern Cape that it is supporting. This long-term commitment by the company enabled international development organisation the World Bank to launch the Spekboom Outcome Bond, which gives investors the confidence that there is a buyer for the project's future carbon credits.
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aboutamazon.com
Amazon invests in one of the world’s largest carbon removal projects, creating 11,000 jobs and restoring nature
The project will see 180 million spekboom shrubs planted in South Africa’s Eastern Cape, bringing back the area’s thriving habitats.
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neowin.net
Amazon backs South Africa land restoration project with 1.95 million carbon credits
Amazon has agreed to buy 1.95 million tonnes of carbon removal credits from a spekboom restoration project in South Africa.
