Which organization issued world’s first carbon removal bond to fund Amazon reforestation?
World Bank
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The World Bank has issued the world’s first carbon removal bond to support Amazon reforestation. The bond is worth $225 million and has a nine-year term. Investors’ returns are tied to the amount of carbon removed by new trees, not just emission reductions from preventing deforestation. This bond aims to protect the Amazon by financially incentivizing reforestation efforts
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