Published by Todd Bush on September 25, 2023
Mercado Libre's Regenera América program adds three new projects as well as three project extensions reaching a total of 9 total projects since its launch in 2021
SAN FRANCISCO--(BUSINESS WIRE)--Pachama, the technology company on a mission to solve climate change by restoring nature, today announced that it has secured a critical investment from Latin America’s leading e-commerce company Mercado Libre as part of the latter’s Regenera América program to protect essential biodiversity in Latin America and remove carbon dioxide from the atmosphere. The announcement brings Mercado Libre’s total investment in the program to $23.7 million.
“Our partnership with Mercado Libre further enables Pachama to activate high fidelity, nature-based projects that have the full confidence of buyers and meet ambitious carbon dioxide removal goals,” said Dick Cameron, VP of Science at Pachama. “Our roots are in the forests of Latin America and we’re thrilled to partner with an industry leader who shares our commitment to mitigating climate change by investing in nature and biodiversity.”
>> In Other News: Chloris Geospatial and Trove Research Announce Partnership to Bring Unprecedented Transparency to Forest Carbon Projects at a Global Scale
Regenera América’s new projects will be implemented together with Pachama. They include:
Latin America is home to 40% of the world’s biodiversity and many of the planet’s most important biomes. With this new round of investment, Regenera América will have begun the conservation and restoration of more than 15,000 hectares of native forest, equivalent to more than 14 million trees, which will contribute with an estimated capture of more than 1.1 million tons of CO2e in 30 years and will help avoid 3 million tons of CO2e.
Pachama is a technology company on a mission to restore nature to solve climate change. Harnessing the latest advancements in satellite imagery, remote sensing and machine learning, Pachama measures the carbon dioxide equivalent stored in our forests with unprecedented precision and monitors forest growth over time. Through the Pachama platform, responsible companies can confidently invest in high-quality forest conservation projects verified by Pachama’s rigorous evaluation process.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🛠️ BHP, JSW Steel To Explore Use of Carbon Capture Technology in Steelmaking 🏝️ Exxon Mobil’s Landmark Acquisition for Offshore CO2 Capture: A Big Step Toward Carbon Reduction 🚗 ...
Inside this Issue 🌊 ExxonMobil Secures Largest CO2 Offshore Storage Site in the U.S. 🌱 Toyota Showcases Technology Developments Towards a Sustainable Future 💰 DOE's $29M Investment: Advancing Carb...
Inside this Issue 🌍 Scaling Up Carbon Dioxide Storagee to Achieve a Net-Zero Future 💰 Colorado School of Mines and Carbon TerraVault Secure $8.9 Million for CarbonSAFE Project 🤝 Rushnu Signs Two A...
HOUSTON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization, and sequestration (CCUS) company, and Enterprise Products Partners L.P. (NYSE: EPD) today announced an agreemen...
PORT HAWKESBURY, NS, Oct. 25, 2024 /PRNewswire/ - EverWind Fuels ("EverWind") is pleased to have been awarded $22.5 million through Transport Canada's Green Shipping Corridor Fund, marking a signif...
EH Group Launches EH-TRACE 250kW Fuel Cell System
NYON, Switzerland--Decarbonising high power applications has never been easier. Following several years of intense development, EH Group is proud to launch its EH-TRACE M-250kW Fuel Cell System. A...
Viridien and SLB’s First Australian Partnership Looks Into Exploration and Carbon Storage Potential
France-based geophysical services company Viridien, formerly known as CGG, and American oilfield services company SLB have partnered for the first time in Australia to gather data into the explorat...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.