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Source: Stocksnap

This Startup Just Offered To Buy An Ancient Forest To Protect It From Mining

By Koty Neelis

Only 10 percent of the 12,000-year-old Hambach Forest remains, but one startup is trying to protect what's left of the ancient woodlands. Although Germany has set ambitious initiatives to move away from fossil fuels, large German energy company RWE tried to move forward with plans to raze the remaining forest in order to expand the country’s largest coal surface mine. 

After a regional court temporarily halted RWE's plans to cut down the forest last week, Berlin-based nonprofit search engine Ecosia stepped in, offering to buy the remaining forest for more than $1 million to turn it into public land and protect the remains. 

To date, the nonprofit has used ad revenue to plant close to 40 million trees across 19 reforestation sites worldwide and is on track to plant 50 million trees by early 2019. Ecosia’s offer was unsolicited. RWE had not sought a buyer for the land.