Pachama Announces Major New Forest Carbon Purchase from Mercado Libre's Regenera América program, Bringing Total Investment to $23.7 Million
Pachama, the technology company on a mission to solve climate change by restoring nature, today announced that it has secured a critical investment from Latin America's leading e-commerce company Mercado Libre as part of the latter's Regenera América program to protect essential biodiversity in Latin America and remove carbon dioxide from the atmosphere. The announcement brings Mercado Libre's total investment in the program to $23.7 million.
"Our partnership with Mercado Libre further enables Pachama to activate high fidelity, nature-based projects that have the full confidence of buyers and meet ambitious carbon dioxide removal goals," said Dick Cameron, VP of Science at Pachama. "Our roots are in the forests of Latin America and we're thrilled to partner with an industry leader who shares our commitment to mitigating climate change by investing in nature and biodiversity."
Regenera América's new projects will be implemented together with Pachama. They include:
Pachama is a technology company on a mission to restore nature to solve climate change. Harnessing the latest advancements in satellite imagery, remote sensing and machine learning, Pachama measures the carbon dioxide equivalent stored in our forests with unprecedented precision and monitors forest growth over time. Through the Pachama platform, responsible companies can confidently invest in high-quality forest conservation projects verified by Pachama's rigorous evaluation process.
Building Secure and Responsible Applications with Generative AI
Press Room Open for Registered Media, Analysts, Speakers, Exhibitors - Sponsored by Parallel Communications
AstriCon/ITEXPO #TECHSUPERSHOW Networking Live Party