Forest restoration projects can be categorized as climate projects, investments in the implementation of which exceed the investment costs of forest-climate projects, which reduces their attractiveness to investors. An algorithm for assessing investment costs of climate reforestation projects on disturbed lands has been developed. The potential of territories for the implementation of such project initiatives is available in all regions of Russia and amounts to more than 381 thousand hectares. For five studied polygons of disturbed lands (Kuzbass basin, Moscow basin, Western Siberia basin, as well as basins of Chelyabinsk and Belgorod Regions), the aggregated costs for the implementation of measures to create carbon-depositing plantations and ground cover were calculated. Investment costs for restoration of 1 hectare of disturbed land under the climate project vary from 82.6 thousand rubles to 116.9 thousand rubles. Cost analysis shows that the carbon intensity of investment in such projects on disturbed lands is quite high (Ccii > 1.0). The highest investment potential is observed in the Kuzbass basin, where Ccii is 2.01. To organize and implement the afforestation project on disturbed lands of the Kemerovo Region, investments in the amount of 66.7 thousand rubles/ha for capital expenditures and 24.7 thousand rubles/ha for current expenses will be required. The payback period of such an investment project, taking into account the discount rate, is 13.1 years, and during the study period (20 years) the income from the project will cover 228% of the spent funds. These data confirm that the investment potential of forest-climatic projects on disturbed lands is quite high.