R2bn Spekboom Bond: World Bank and Amazon Team up to Restore Overgrazed Eastern Cape

Spekboom restoration at centre of $120m World Bank climate bond – The Mail & Guardian

Climate finance is often discussed in abstractions such as bonds, instruments and capital flows. But in the Eastern Cape, the story starts with a plant. Spekboom, a hardy, unassuming succulent shrub, has become one of the country’s most quietly powerful climate allies.  Native to the Albany thicket biome, it can lock away remarkable amounts of carbon, while stabilising soil, retaining water and creating the conditions for entire ecosystems to re…

World bank, Amazon launch $120m Spekboom carbon bond deal

Key topics:World Bank–Amazon $120m bond funds Eastern Cape ecosystem restorationReturns linked to Spekboom carbon credits and land rehabilitation successOutcome-based bond draws institutional investors for climate projectsSign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox every morning on weekdays. Register here.Support South Africa's bastion of…

R2bn spekboom bond: World Bank and Amazon team up to restore overgrazed Eastern Cape

The World Bank has teamed up with Amazon.com on a bond whose proceeds will go toward rehabilitating ecosystems in South Africa’s Eastern Cape Province.