Today's Date: December 11, 2023
Kinetik Announces Secondary Offering of Common Stock   •   SERVICE COORDINATION RECEIVES 2023 TOP WORKPLACES AWARD   •   Customers' Dedication Helps Red Apple and The Bargain! Shop Exceed $675,000 in Annual Together We Care® Toy Drive   •   Blue Bird Reports Fiscal 2023 Fourth Quarter and Full Year Record Results; Beats 2023 Guidance and Raises 2024 Guidance   •   Together with First Nations leadership, Minister Patty Hajdu introduces a Bill to support clean drinking water in First Nations   •   Trane Technologies Named to S&P Dow Jones Sustainability World and North American Indices   •   Darling Ingredients Again Named to Newsweek's America's Most Responsible Companies List   •   UrbanGeekz Unveils Inaugural UrbanGeekz 50 to Showcase Gamechangers in Tech, Innovation and Entrepreneurship   •   Northeast Delta HSA catalyzes Veteran's Boxing Wellness Initiative Through Partnership With Rodney J. Hobbs VFW Post 1809, BoneK   •   Pentair Announces Rate Increase to Its Quarterly Cash Dividend   •   Buckets Over Bullying Partners with NBA G League Ignite to Bring Cyberbullying Awareness to Las Vegas Community   •   Law Offices of Edward A. Smith Establishes Scholarship Fund to Honor Victims of Vehicular Accidents   •   Publix Register Campaign Supports American Red Cross Disaster Relief Efforts in Tennessee   •   WM Announces Plan to Increase its Dividend Rate and a Refreshed $1.5 Billion Share Repurchase Authorization   •   HNI Corporation Ranks Among America's Most Responsible Companies for 2024   •   CPKC named to 2023 Dow Jones Sustainability World and North America Indices   •   McCormick & Company's 2050 Net-Zero Target Validated by Science Based Targets Initiative   •   Cedar Fair Announces Strategic Changes to Its Corporate Leadership Team   •   Supporting Safer Sleep: Sleepopolis Donates $30,000 to Children in Need Across the Nation   •   Hawaiian Electric Company Announces Ameresco Award for Two Clean Energy Projects Totaling 111 MW
Bookmark and Share

Pachama Announces Major New Forest Carbon Purchase from Mercado Libre's Regenera América program, Bringing Total Investme

SAN FRANCISCO , September 21 /Businesswire/ - 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.”

Regenera América’s new projects will be implemented together with Pachama. They include:

  • The Curuá project, a new project in northern Brazil where deforestation has caused significant environmental damage, to conserve 8,200 hectares of Amazon forests, avoiding potential emissions equivalent to more than 3,000,000 tons of carbon dioxide in 30 years.
  • The Novas Florestas project will focus on the reforestation of 155 hectares by planting almost 300,000 native trees near São Paulo, an area that houses important plant and animal diversity, in addition to providing drinking water to millions of people.
  • The Corredor Campeche project, a conservation effort undertaken in the Mayan Selva, Central America’s largest contiguous forest, that will restore 570 hectares of tropical forest.
  • Expansion of the Café Apuí initiative to support an additional 10 hectares and the planting of 20,000 native trees, which contributes to the development of responsible agriculture (coffee production) and alternative income for local producer families.
  • Expansion of Águas do Rio, a reforestation project based in Rio de Janeiro state that will restore 100 additional hectares in addition to the 70 hectares of restoration already underway.
  • Expansion of Corredores Pau Brasil, a reforestation project in Bahía state that aims to build an ecological corridor between two national parks.

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.

About Pachama

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.

STORY TAGS: Product/Service, Mexico, Brazil, United States, South America, Central America, North America, Technology, Environmental Health, Electronic Commerce, Artificial Intelligence, Other Natural Resources, Environment, Other Technology, Sustainability, Software, Agriculture, Natural Resources, Green Technology, Satellite, Climate Change, California,


White House Live Stream
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
Washington - WOL-Urban

Listen to United Natiosns News