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Tag: carbon credits

World Bank’s record-breaking $225 million bond issue finances reforestation in the Amazon region • Carbon credits

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World Bank’s record-breaking 5 million bond issue finances reforestation in the Amazon region • Carbon credits

The World Bank, through its lead arm, the International Bank for Reconstruction and Development (IBRD), has issued a 9-year bond worth US$225 million. This bond supports carbon removal by financing reforestation in the Brazilian Amazon rainforest. Exploring the world bank Carbon removal bond Jorge Familiar, Vice President and Treasurer of the World Bank, noted: “A […]