Friday
August 16
2024

Investors Back $225 Million World Bank Bond For Amazon Reforestation and Carbon Removal

By Theodora Stankova

The World Bank, through the International Bank for Reconstruction and Development (IBRD), has issued a $225 million Amazon Reforestation-Linked Bond, the largest outcome bond in its history, to support reforestation efforts in Brazil’s Amazon rainforest.

Photo courtesy of Ryk Porras.

Source: Carbon Herald (link opens in a new window)

Tags
climate change, climate finance, decarbonization, forests, impact bonds, impact investing