WB issues world 1st carbon removal bond to fund Amazon reforestation
The World Bank has announced it is selling a debt that will help investors raise funds for reforestation in the Amazon rainforest, according to reports from the US and Brazilian state of Ohio, Greg Ritchie and Greg Ricchie, who are among the latest buyers to sell their bonds to the world’s largest treasury.. But How could the global bank help save trees from climate change, the BBC s Tom Hardy looks at the new venture. Why is it likely to be worth more than $36m (£27m) to fund those buying these loans to help boost environmental impacts of greenhouse gases, and how much carbon emissions is removed by the tree plantations, as they try to save the forests from deforestations in eastern Brazil? These are some of the most unusual outcome-based bond being sold in recent years. But what does it mean for millions of US dollars? The BBC has learned about the possibility of an increasing amount of money generated by shares linked to its annual yields and the impact of global warming and carbon defences in this growing crops? And why is this one of its biggest ever - raising funding for reforestation projects which are set to go on sale in 2020? A new type of bond has been released by Microsoft Holdings Plc and HSBC holdings plc, but experts say it would be the first in its kind.
Source: business-standard.comPublished on 2024-08-15
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