The Mejuruá Project
Financing, Carbon Credits and Legal FrameworkThe Mejuruá Project is financed through a combination of private equity and proceeds from a publicly traded bond as well as the sale of carbon credits.
Funding and carbon credits
Carbon credits are generated by permanently waiving the legal right to clear-cut approximately 123,000 hectares (1,230 km2) of forest – an area twice the size of the city of Madrid, Spain. Emissions reductions are calculated using Verra’s VM0007 methodology for Avoided Planned Deforestation, and will be revised with the improved VM 0048 when implemented by Verra.
The first issuance of credits is expected in early 2026 following project registration which is in its final stages; and will include carbo credits representing approximately 5 million tons of verified CO₂ reductions. Over the full 30-year project term, emissions avoided are expected to exceed 80 million tons of CO₂.
Legal structure and land ownership
The project is located on Gleba Santa Rosa do Tenquê, a private property of approximately 903,000 hectares (9,030 km2, larger than the Corsica, France) in the municipality of Carauari, State of Amazonas. The land title dates to 1974 and has a long and traceable legal history of unchallenged ownership, which is uncommon in the Amazon.
Ownership lies with BR Arbo, a Brazilian company dedicated to sustainable forest management.