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Amazon Inc Investing in the Amazon Forest

As part of its commitment to The Climate Pledge — reaching net-zero carbon by 2040 — Amazon has invested in the Agroforestry and Restoration Accelerator, a new nature-based carbon removal initiative. The initiative kicks off in the Brazilian state of Pará, home to 9% of the world’s tropical forest. Pará is facing unprecedented deforestation rates—losing 3,300 acres of forest land every day over the last year. Amazon is working closely with The Nature Conservancy and other local partners to help small-scale farmers restore degraded cattle pastures to native forest and agroforestry. The Accelerator provides farmers with sustainable income through the sales of cocoa and other crops, and will support 3,000 farmers in restoring approximately 20,000 hectares of land—a land mass approximately the size of Seattle—within three years. The goal of the Accelerator is to develop solutions that can rapidly scale from initial investment to millions of hectares of degraded pasture that have the potential for reforestation and agroforestry, which can improve livelihoods in local communities now and for future generations. Join the conversation with Jamey Mulligan, Senior Scientist at Amazon. Reference: The Leaf Coalition. Recording from May 16, 2022