Oh National Bank for Economic and Social Development (BNDES) Has been delivered R $ 100 million Financial assistance to projects The extermination of the forest Na Amazonian Led by MombakBrazilian Startup specializes in carbon removal. This is the first operation approved with resources from the new climate background for restoration of declined areas. In total, the R $ 80 million came from the Climate Fund and the other R $ 20 million came from the BNDS finem line, after receiving bank bail from Operation Santander.
This initiative allows Mombak to extend its projects in the parade, reinforcing local forests with local owners, strengthening the partnership with local owners to promote biodiversity and produce high integrity carbon credits. The beneficial area is part of the So -Cald Restoration Arch – a complex forestry that extends from Maranho to an acre, goes to states like Para, Moto Graso and Rondonia.
For BNDES President Aloezio Mercadante, this operation represents a landmark on the country’s environmental agenda. “We are rebuilding forests, maintaining biodiversity, earning jobs and income to the population and helping the planet. This is a symbol of new performance of BNDES as a driver for Brazil’s development.”
The Climate Fund, created in 2009 and reformed in the current government, is associated with projects aimed at dealing with the effects of the Ministry of Environment and Climate Change (MMA) and climate change. The BNDES Fund’s Financial Agent and Restoration Article Priority, with the aim of recovering 6 million hectares by 2030.
Mombak’s CEO and CO-founder Peter Fernandez highlights the support of BNDES as a watershed to the sector. “This operation is not only environmental priority but also a strong market -demanding scalable business. Brazil has everything to lead the world carbon removal industry,” he said.
Mombak has already raised US $ 200 million investments and planted millions of local trees in Param, earned jobs and raised the forest economy. Investors and partners include World Bank, Microsoft, Google and McLaren racing.
The executive Leonardo Flex of Santandandar is believed to be the transformation capacity of the so -called “nature -based solutions.” “They only leave with innovative financing policies. We have worked since the start of the BNDES restoration line to align solutions to reduce customer business model and risk reduce the risk.” “Mombak is very happy to contribute to this first operation.”
