View original ↗on Carbon Herald
deal · 22 September 2023
Mercado Libre ↔ Pachama
Mercado Libre: a firm purchase of afforestation/reforestation removal from Pachama.
BuyerMercado Libre
SupplierPachama
Amount$23,700,000
Capture pathwayAfforestation/reforestation
Storage mediumecosystem
Commitment typefirm
Deal structureofftake
Source pathway descriptionForest conservation and reforestation projects in Latin America including: Curuá project (8,200 hectares Amazon forest conservation in northern Brazil), Novas Florestas project (155 hectares reforestation near São Paulo), Corredor Campeche project (570 hectares tropical forest restoration in Mayan Selva), Café Apuí initiative expansion (10 hectares, 20,000 native trees), Águas do Rio expansion (10
Delivery window30 years
Project locationLatin America (Brazil, Central America)
NotesInvestment is part of Mercado Libre's Regenera América program. Total program investment stated as $23.7 million. Projects collectively target conservation/restoration of more than 15,000 hectares with estimated CO2 capture of more than 1.1 million tons CO2e in 30 years and avoidance of 3 million tons CO2e.
Durability defaultedtrue
Previous durabilityconventional
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
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More: Pachama · Afforestation/reforestation