Santander, BNDES back Mombak reforestation, drawing on Brazil climate fund

By Yahoo! Finance   |   1 month ago
Santander, BNDES back Mombak reforestation, drawing on Brazil climate fund

Reforestation startup Mombak secures $17.8 million in funding from Santander Brasil and BNDES. The company aims to expand in the carbon removal market by planting trees in the Amazon rainforest and selling carbon credits to offset emissions.

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