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The Singapore government has announced its support for four nature-based carbon removal projects, including Boomitra's grassland restoration initiative in Paraguay. This move is part of a broader strategy to meet the country's 2030 climate goals under the Paris Agreement.

In total, the investment will contribute to 2.175 million tonnes of high-quality carbon credits, valued at nearly $60 million. The projects also include initiatives in Peru and Ghana, with Boomitra expected to generate 625,000 carbon credits through regenerative grazing practices.