Brazil grants first Amazon reforestation concession
Brazil awarded its first reforestation concession to startup Re.green. The firm will restore 145,000 acres in the Amazon using carbon credit financing.
Xurve View
Xurve View
Brazil has officially awarded its first-ever public land concession for reforestation to the startup Re.green, marking a significant milestone in the country's strategy to use carbon markets to restore the Amazon rainforest. The 40-year contract focuses on a 145,000-acre plot within the Bom Futuro reserve, where the company will be responsible for replanting native tree species and protecting the ecosystem.
