Amazon signs multi-year agreement to purchase 1.95 million tonnes of carbon removal credits from a nature restoration project in South Africa

Type: Supply Agreement · Technology: Agriculture · Country: South Africa · Value: $500M · Announced: 2026-07-02

Amazon announced a multi-year agreement to purchase nearly 2 million tonnes of carbon removal credits from a nature restoration project in South Africa. The company's investment will enable the expansion of one of the largest carbon removal projects globally, involving the planting of 180 million spekboom shrubs across more than 50,000 hectares of previously degraded land. This project is anticipated to generate over $500 million into surrounding communities through wages, procurement, landowner payments, and community investment, creating 11,000 jobs. Amazon has committed to purchase 1.95 million tons of carbon removal credits generated by the project over more than a decade, expanding the project from 30 million plants across 10,000 hectares to an additional 50,000 hectares with 180 million plants by the end of 2028. This commitment also enabled the World Bank's recent launch of a Spekboom Outcome Bond, providing investor confidence in future carbon credit purchases.

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