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Amazon has announced a major investment in one of the world\u2019s largest nature-based restoration projects, committing to rehabilitate more than 50 000 hectares of degraded land in the Eastern Cape by planting 180 million spekboom shrubs.<\/p>\n
The project is expected to create about 11 000 jobs by 2030 and generate more than $500 million (over R8 billion) in economic value for local communities.<\/p>\n
As part of the initiative, Amazon will purchase 1.95 million tonnes of nature-based carbon removal credits generated by the project, marking one of the largest carbon credit commitments in South Africa\u2019s history.<\/p>\n
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\u201cThis is a story about nature, community, ingenuity and scale,\u201d says Kara Hurst, Amazon\u2019s chief sustainability officer.<\/p>\n
The investment places South Africa within the expanding global market for nature-based carbon credits, as companies increasingly back projects that combine emissions reduction with economic development and environmental restoration.<\/p>\n
Hurst says the project illustrates how climate investment can extend beyond environmental objectives to support local economies.<\/p>\n
\u201cThis project will restore the ecosystem and create jobs, [providing] a model for how nature-based solutions can enable both climate action and economic development.\u201d<\/p>\n
The indigenous succulent, known for its ability to absorb and store carbon, is expected to help restore biodiversity while improving the resilience of degraded landscapes to drought and climate change.<\/p>\n
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Read: Amazon rolls out Prime in SA for R59 a month<\/p>\n
The deal also reflects growing demand from multinational companies for high-quality carbon removal credits that deliver measurable environmental benefits alongside employment opportunities and lasting value for host communities.<\/p>\n
* Phenyo Selinda is a Moneyweb intern.\u00a0<\/p>\n
#Amazons #big #Eastern #Cape #spekboom #carbon #credit #deal<\/p>\n","protected":false},"excerpt":{"rendered":"
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