Commercial, GHG Emissions - September 3, 2021
Amazon Invests in Brazil Reforestation
Amazon announced Sept. 2 an initiative to accelerate reforestation and regenerative agroforestry that is expected to remove up to 10 million tons of CO2 emissions through 2050.
The company is launching the program alongside The Nature Conservancy and will begin by supporting the reforestation of the Amazon in Brazil.
Amazon has invested in funds like the Right Now Climate Fund, which supports this reforestation accelerator and other carbon-removal projects. The company also recently joined the LEAF Coalition, which is focusing on investing $1 billion in restoring the world’s tropical forests and curbing deforestation.
The reforestation project will contribute toward Amazon’s 2040 net-zero ambition and the decarbonization of its businesses. The initial investment in the project will restore approximately 20,000 hectares of forest within three years.
“Restoring the world’s forests is one of the most meaningful actions we can take right now to address climate change, and it will require innovative solutions to be successful,” Kara Hurst, vice president of worldwide sustainability at Amazon, said in a statement. “We are proud to launch the Agroforestry and Restoration Accelerator in partnership with The Nature Conservancy to support solutions that prioritize high environmental integrity and strong community benefits. Amazon is looking forward to contributing our passion for innovation along with financial support to improve the livelihoods of local communities in Brazil, while helping to protect the planet for future generations.”
The Nature Conservancy will use Amazon’s investment to support the World Agroforestry Centre and local civil society organizations helping farmers restore degraded cattle pastures to native forest and agroforestry. Farmers will also be supported with digital technologies for quantifying and monitoring carbon removal.
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