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In Brazil, an Amazon reforestation project seeks to redeem carbon markets

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By illuminem briefings

· 2 min read


illuminem summarizes for you the essential news of the day. Read the full piece on France24 or enjoy below:

🗞️ Driving the news: Brazilian company Mombak is reforesting deforested Amazon land with native tree species, backed by private investors and contracts with firms like Google and Microsoft
The project, which aims to plant 30 million trees by 2032, seeks to restore biodiversity and credibility to the carbon market
Mombak prioritizes biodiverse planting rather than monocultures, addressing criticisms of traditional carbon credit schemes

🔭 The context: The global carbon market has faced backlash for overestimating its impact and enabling "greenwashing" 
Mombak’s project, operating on purchased private land, focuses on replanting a mix of native species to simulate natural ecosystems
This approach counters common pitfalls of monoculture reforestation, which weakens ecosystems over time

🌍 Why it matters for the planet: Reforestation projects like Mombak's are essential for offsetting emissions and restoring degraded Amazon land, vital for global carbon sequestration
By planting indigenous trees, including endangered species, the initiative strengthens biodiversity while addressing global climate goals

⏭️ What's next: Mombak awaits validation from Verra, a key carbon credit certifier, and plans to expand its operations
The company is exploring public land reforestation projects while ensuring transparency in land ownership to avoid conflicts with local communities

💬 One quote: “We want to simulate nature, to build a resilient forest,” - Mombak biologist Severino Ribeiro

📈 One stat: Since its founding in 2021, Mombak has planted 3 million trees across 3,000 hectares, aiming to cover an area five times the size of Manhattan by 2032

Click for more news covering the latest on carbon market

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