Mombak's $150 Million Reforestation Fund Tackles Amazon Deforestation

Mombak, a Brazil-based carbon project developer, has launched its second fund focused on reforestation projects in the Brazilian Amazon. The $150 million Amazon Reforestation Fund II surpasses its predecessor's $120 million target.

The new fund will build upon lessons learned from nearly 100 field experiments conducted by Mombak, incorporating new pipeline of degraded pastureland at a greater scale. It has received approval for a US$40 million line of credit from the Brazilian National Development Bank (BNDES).

Mombak's solution targets capturing carbon through large-scale reforestation of degraded, unproductive pastureland with native tree species and assisted natural regeneration.