These practices have helped build Mombak’s reputation in the community and the broader market.
“The opportunity that Peter and I saw with carbon markets is actually taking shape. Companies around the world are willing to purchase these carbon removal credits to offset their emissions,” Mr. Silva said.
Among these companies are Microsoft and Google. Microsoft has agreed to purchase up to 1.5 million tons of carbon, while Google agreed to offtake an additional 50,000 metric tons by 2030. These agreements have been supported by fresh financing from groups like the World Bank, which recently issued an Amazon Reforestation-Linked Bond, mobilizing $36 million to support Mombak’s effort.
To date, Mombak has successfully planted over 3 million trees of 100 different species, including endangered or vulnerable species such as Cedro Rosa, Castanheira, Itauba, Mogno, and others.
“Mombak’s market traction among major corporate buyers, investors, and development institutions is a testament to the team’s high-quality product and ability to deliver carbon removal at scale,” said Thomas Belazis, Director, Innovative Finance, The Rockefeller Foundation. “We are excited to play a role in supporting Mombak’s trajectory as we continue building the market of next-gen climate solutions.”
