Spekboom Ecosystem Restoration Project Phase 2

under construction

The Spekboom Ecosystem Restoration Project in South Africa is expanding its restoration efforts across 50,000 hectares in Phase 2, building on an initial 10,000-hectare Phase 1 launched in 2024. The project focuses on restoring degraded landscapes using spekboom, a native plant species with high carbon sequestration capacity, aiming to restore 100,000 hectares and remove 35 million tonnes of CO₂ over a 40-year crediting period. The project is backed by a $91 million blended finance deal combining public and private capital, including a World Bank outcome bond and private investments, and a long-term carbon offtake agreement with Amazon.