Amazon backs R1.5bn spekboom restoration project in Eastern Cape for carbon removal and jobs

Amazon has committed to purchase 1.95 million tonnes of carbon removal credits from a R1.5 billion spekboom restoration project in South Africa's Eastern Cape. The project aims to restore 50,000 hectares of degraded Albany thicket by planting 180 million spekboom shrubs, a native succulent known for its high carbon absorption and soil improvement. The initiative is expected to create over 11,000 jobs and generate more than R8 billion in economic value for surrounding communities through wages, procurement, and land lease payments over the next decade. The project is implemented by Imperative in partnership with NatCarbon Africa, with backing from the World Bank and private investors including GenZero, Rubicon Carbon, Mirova, and Bregal Sphere Nature. Amazon's long-term commitment to purchase 1.95 million tonnes of carbon removal credits provided the financial certainty to unlock the R1.5 billion investment. The first phase is centered around Jansenville in the Sarah Baartman district, with plans to expand across the province. Officials say the model could serve as a blueprint for attracting international climate finance into large-scale restoration projects in South Africa.