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<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Poorly-designed or badly-enforced policies to promote and incentivise tree plantations in an effort to fight climate change risk wasting public money by releasing more carbon than natural forests and destroying biodiversity.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Background</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Realising the importance of forests and trees in curbing global warming, global initiatives have been started such as the World Economic Forum’s to plant a trillion trees and the United Nations Bonn Challenge to bring 350 million hectares of the world’s deforested and degraded land into restoration by 2030.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Details</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">When forests grow, they absorb the carbon – a greenhouse gas whose emission is mainly responsible for climate change – from the atmosphere, functioning as a “carbon sink”.</span></span></p>
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<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Rather than restoring natural forests, such campaigns are promoting plantation of a single type of tree – monoculture – or a limited number of species. </span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">These plantations typically have significantly less potential for carbon sequestration and biodiversity promotion.</span></span></p>
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<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The potential benefit shrinks further if planted trees replace natural forests, grasslands or savannahs – ecosystems that have evolved to support unique, local biodiversity, said the study.</span></span></p>
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<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The findings are especially relevant for India, where a national programme that promotes compensatory monoculture plantations has become a simple tool to fell natural forests for non-forest purposes including industrial and development projects.</span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">To fight climate change, India has pledged to get 33% of its geographical area under forest cover by 2022, compared to the existing 24%.</span></span></p>
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<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Under current law, the Indian government collects money from industries in lieu of the natural forest diverted for their projects. This money is later given to states for compensatory afforestation under the <strong>Compensatory Afforestation Fund Management & Planning Authority</strong> of the Union environment ministry.</span></span></p>
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<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Although mono-dominant plantations could match natural species-rich biodiverse forests in terms of carbon capture and storage potential in wet seasons, the latter were more stable and hence more reliable in their ability to capture carbon over the years, particularly during droughts.</span></span></p>
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<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">Global campaigns could make a real difference if they focus on the restoration of degraded forests along with introducing strong subsidy restrictions, such as prohibitions against replacing native forests with tree plantations.</span></span></p>
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<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Poorly-designed or badly-enforced policies to promote and incentivise tree plantations in an effort to fight climate change risk wasting public money by releasing more carbon than natural forests and destroying biodiversity.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Background</strong></span></span></p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Realising the importance of forests and trees in curbing global warming, global initiatives have been started such as the World Economic Forum’s to plant a trillion trees and the United Nations Bonn Challenge to bring 350 million hectares of the world’s deforested and degraded land into restoration by 2030.</span></span></p>
<p style="margin-right:0cm"> </p>
<p style="margin-right:0cm"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><strong>Details</strong></span></span></p>
<ul>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">When forests grow, they absorb the carbon – a greenhouse gas whose emission is mainly responsible for climate change – from the atmosphere, functioning as a “carbon sink”.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Rather than restoring natural forests, such campaigns are promoting plantation of a single type of tree – monoculture – or a limited number of species. </span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">These plantations typically have significantly less potential for carbon sequestration and biodiversity promotion.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The potential benefit shrinks further if planted trees replace natural forests, grasslands or savannahs – ecosystems that have evolved to support unique, local biodiversity, said the study.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The findings are especially relevant for India, where a national programme that promotes compensatory monoculture plantations has become a simple tool to fell natural forests for non-forest purposes including industrial and development projects.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">To fight climate change, India has pledged to get 33% of its geographical area under forest cover by 2022, compared to the existing 24%.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Under current law, the Indian government collects money from industries in lieu of the natural forest diverted for their projects. This money is later given to states for compensatory afforestation under the <strong>Compensatory Afforestation Fund Management & Planning Authority</strong> of the Union environment ministry.</span></span></p>
</li>
<li>
<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Although mono-dominant plantations could match natural species-rich biodiverse forests in terms of carbon capture and storage potential in wet seasons, the latter were more stable and hence more reliable in their ability to capture carbon over the years, particularly during droughts.</span></span></p>
</li>
<li>
<p><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">Global campaigns could make a real difference if they focus on the restoration of degraded forests along with introducing strong subsidy restrictions, such as prohibitions against replacing native forests with tree plantations.</span></span></p>
</li>
</ul>
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