The World Bank has launched a $120 million outcome bond aimed at financing large-scale ecosystem restoration, supported by a long-term carbon removal agreement with Amazon. The bond is designed to mobilize private capital and fund a 50,000-hectare land restoration project in South Africa.
The initiative focuses on restoring degraded land while generating environmental and social benefits, including the creation of around 11,000 jobs. The project will involve activities such as planting, monitoring, and land management, contributing to both biodiversity recovery and local livelihoods.