South Africa’s new gold rush: Big promises, closed books in new carbon frontier

The article discusses the use of spekboom as a nature-based carbon sink solution in South Africa, with the World Bank supporting restoration projects through a $120 million bond. International corporations dominate the nature-based carbon credit sector, raising concerns about transparency. Amazon is backing the bond and purchasing carbon credits from spekboom projects. Imperative Global Solutions plans to draw down 41.6 million metric tons of carbon dioxide equivalent by 2030, with revenue sharing and market prices determining community earnings. The value of carbon credits varies, with spekboom projects offering higher values due to biodiversity habitat repair. The shift towards investing in ecosystem repair in South Africa is seen as a new frontier for developers, creating job opportunities and potential benefits for struggling farmers.

https://news.mongabay.com/2026/09/south-africas-new-gold-rush-big-promises-closed-books-in-new-carbon-frontier/