New platform is matchmaker for investors, planters to combat deforestation

During a tree planting ceremony in Ethiopia, June 5. TerraMatch, a platform and mobile app, aims to link financiers to tree planters in key countries like Colombia, Brazil, Peru, Malaysia and Indonesia. — AFP

BOGOTA: A new online platform aims to connect people who can plant trees with investors with millions of dollars to spend, its backers said, in a bid to stem deforestation worldwide.

TerraMatch, launched on June 18, aims to boost efforts to protect forests and plant trees, critical tactics in the fight against climate change and land degradation, its developers at the US-based World Resources Institute (WRI) said.