Amazon in R1.98-billion deal involving 180 million of a unique shrub in South Africa
Amazon said it will buy just less than half of the carbon credits to be generated by a project to restore degraded land in South Africa by planting thickets of Spekboom, a plant that sequesters carbon dioxide and helps soil retain water.
The company has committed to purchase 1.95 million carbon credits at a fixed price over more than a decade and will then onsell them to its own business units, suppliers and other parties to help them offset their emissions.
Amazon said it will buy just less than half of the carbon credits to be generated by a project to restore degraded land in South Africa by planting thickets of Spekboom, a plant that sequesters carbon dioxide and helps soil retain water.
The company has committed to purchase 1.95 million carbon credits at a fixed price over more than a decade and will then onsell them to its own business units, suppliers and other parties to help them offset their emissions.
