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Inqo Investments Ltd - South Africa-focused investment firm - Announces reforestation project in South Africa as part of an effort to restore swathes of degraded lands by 2030. The project starts on Monday and aims to plant indigenous succulent spekboom trees on a vast scale over 18 months. The firm says the project ‘will see over 25 million spekboom cuttings’. The project is a partnership with South African-based environmental consultancy AfriCarbon, which developed the project, through its Spekboom Trading subsidiary.
‘The project, one of the largest of its kind, will make an important contribution towards climate change through carbon sequestration, whilst restoring habitats to boost biodiversity and creating jobs,’ Inqo explains.
‘The project is a direct response to the call for action by the UN Decade on Ecosystem Restoration for individuals and organisations to rapidly upscale the implementation of ecosystem restoration projects so that hundreds of millions of hectares of degraded land are restored by the year 2030,’ says Anthony Mills, founder and director of AfriCarbon.
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