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 ✈️ SAF Isn’t a Buzzword Anymore - It’s 2025’s Breakout Fuel 🏅 Global Energy Prize Awarded to Three Scientists From China, USA and Russia ⚡ ACES Delta I Hydrogen Production and St...
Inside This Issue 🛢️ Exxon's Gas Strike, EPA Smackdown, and Carbon Curveball 🏭 MHI Awarded Contract for Basic Design of Japan's Largest CO₂ Capture Plant at Hokkaido Electric Power's Tomato-Atsuma...
Inside This Issue 🌊 The Quiet Rise of Offshore CO2 Storage: North America's Emerging Frontier for Carbon Capture 🍁 Canada Invests in Carbon Capture and Storage in Alberta 🛰️ Vortex Energy Finalize...
Spiritus Technologies PBC Plans Santa Fe, New Mexico, Operations
Spiritus Technologies PBC, a company engaged in sustainable carbon removal, plans to establish operations in Sante Fe, New Mexico. The project is expected to create 40 jobs. The company will lease...
ACES Delta I Hydrogen Production and Storage
World’s largest green hydrogen storage facility being developed in Utah with funding from the U.S. Department of Energy (DOE) Loan Programs Office will help scale low-carbon energy for western stat...
Partnership Signals Breakthrough Collaboration in Carbon Removal and Sustainable Fuel Development for $1 Billion Clean Fuels Facility Monroe Sequestration Partners (MSP), a premier carbon storage ...
National Carbon Capture Center Launches Novel UNOGAS MK3 Solvent Testing
A significant step forward in carbon capture is underway at the National Carbon Capture Center, where KC8 Capture Technologies' (KC8) advanced UNOGAS system – featuring the innovative UNO MK3 solve...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.