Freetown The Treetown

Via Re-TV, a short video on ‘Freetown the Treetown,’ an ambitious and innovative ‘pay to grow’ scheme that is incentivising residents to plant and maintain indigenous trees and mangroves in the city to help address urban heat and urban flooding:

Using technology to monitor Freetown’s tree-planting initiative

In the Global South, urbanisation is driving an influx of people to hot and climate-vulnerable cities, causing a range of undesirable knock-on effects. And Freetown in Sierra Leone is a case in point. The city is forecast to hit a population of 2 million by 2028, and, as the population rises, urban sprawl is threatening the forested, mountainous areas outside the city. As a result, around 70 per cent of Freetown’s trees have been cut down, and the city is already experiencing negative effects – such as devastating floods and landslides – from the loss of these critical ecosystems.

Now, the city council and local citizens are fighting back through ‘Freetown the Treetown,’ an ambitious and innovative ‘pay to grow’ scheme that is incentivising residents to plant and maintain indigenous trees and mangroves in the city. The technology-led scheme is built around an app and web platform where growers register their planted trees, which are then verified, tracked, and monitored over several years.  Growers must revisit the trees they plant regularly to water and maintain them, documenting their survival in the process.

In exchange for their efforts, growers receive ‘tokens’, which can be exchanged for cash when the tree hits certain milestones in its lifecycle. These payments are ultimately funded by the international carbon market, as the tokens generated are transferred into ‘impact tokens’ and sold to corporations and institutions seeking to meet their climate targets. Because the whole system is transparent, traceable, and based on regular on-the-ground monitoring of individual trees, the impact tokens are highly investable, which is crucial given recent carbon market controversies.

It feels like a win-win all round. The local community and the environment are benefitting. This programme, which is both scalable and repeatable, demonstrates how well-deployed technology can facilitate credible nature-based solutions.



This entry was posted on Sunday, February 25th, 2024 at 5:08 am and is filed under Extreme Heat, Green Design, Resilient Infrastructure.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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BLACK SWANS GREEN SHOOTS
Black Swans / Green Shoots examines the collision between urbanization and resource scarcity in a world affected by climate change, identifying opportunities to build sustainable cities and resilient infrastructure through the use of revolutionary capital, increased awareness, innovative technologies, and smart design to make a difference in the face of global and local climate perils.

'Black Swans' are highly improbable events that come as a surprise, have major disruptive effects, and that are often rationalized after the fact as if they had been predictable to begin with. In our rapidly warming world, such events are occurring ever more frequently and include wildfires, floods, extreme heat, and drought.

'Green Shoots' is a term used to describe signs of economic recovery or positive data during a downturn. It references a period of growth and recovery, when plants start to show signs of health and life, and, therefore, has been employed as a metaphor for a recovering economy.

It is my hope that Black Swans / Green Shoots will help readers understand both climate-activated risk and opportunity so that you may invest in, advise, or lead organizations in the context of increasing pressures of global urbanization, resource scarcity, and perils relating to climate change. I believe that the tools of business and finance can help individuals, businesses, and global society make informed choices about who and what to protect, and I hope that this blog provides some insight into the policy and private sector tools used to assess investments in resilient reinforcement, response, or recovery.