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Multilayer Tree Planting Program
Executive Summary
Introduction:
This executive summary presents the project proposal of SavePlanetEarth (SPE), a Blockchain-based carbon sequestration company that aims to combat Global Warming and Climate Change by planting trees worldwide. SPE plans to plant 100 million trees in Sri Lanka as part of its program to support the country's goal of increasing its forest cover to 40% by 2030. The proposed project will be implemented in the Northern Province of Sri Lanka, in line with the Governor's vision to make the province the greenest in the country.
Background:
Sri Lanka is a small tropical island in the Indian Ocean with a forest cover of 24%, and the government aims to increase it to 40% by 2030. The country is blessed with natural resources such as rich soil, rivers, and water sources, making its forestry projects sustainable. The proposed project will use a multilayer approach to maximize land usage, and approximately 1,000 trees will be planted per acre. Large trees with high carbon sequestration will be used to make a canopy layer, while short-term crops will generate quick income. Revenue will be shared proportionately among the project developer, SPE, and the local community. The project aligns with the 17 goals of the United Nations Sustainable Development Goals (UNSDGs).
Financial Projections:
The financial projections show that the project is both viable and profitable. In addition to the positive environmental impact, the project generates a lucrative profit. SPE has developed a carbon standard called the Planetary Carbon Standard (PCS) in line with existing carbon standards available in the market. The PCS has been duly accepted by the government of Sri Lanka and the Sri Lanka Climate Fund (SLCF). SLCF will act as the independent Validation and Verification body of the projects managed by SPE in Sri Lanka and overseas.
Conclusion:
In conclusion, the proposed project by SPE to plant 100 million trees in the Northern Province of Sri Lanka aligns with the government's vision of making the province the greenest in the country. The project is viable, profitable, and sustainable, and the revenue generated will be shared proportionately among the project developer, SPE, and the local community. The Planetary Carbon Standard developed by SPE has been accepted by the government of Sri Lanka and the Sri Lanka Climate Fund, ensuring the project's quality and transparency.
Last modified 26d ago