Since 1995, the Bonn-based German expert for green impact investing ForestFinance has been planting forests in the project countries Panama, Peru, Colombia and Vietnam. Now, the reforestation company has just planted its ten millionth tree.
“In 2009, we planted and celebrated our millionth tree in Panama City in the presence of the Panamanian Minister of Environmental Affairs. Today – nine years later – we have increased this number tenfold. We have achieved this together with over 19,000 customers and environmentally conscious investors,” explains Harry Assenmacher, founder of the ForestFinance Group.
Programms of afforestation to create forests increase carbon capture and carbon sequestration, and help to anthropogenically improve biodiversity.
End of January, I (the urban forestry consultant at EFI’s Resilience Programme) was invited by the Beijing Forestry and Parks Department of International Cooperation for a study visit and a training on urban forestry. China is one of the leading countries when it comes to afforestation: in 2018 alone, about 6.6 million hectare new forests (or the size or Ireland) will be planted. The new forests are not only situated in the rural areas, but also in and near urban agglomerations. In the last Beijing province (area: 16.000 km², inhabitants: 22 million) for example, about 67.000 ha additional forest has been planted over five years, mainly for landscape and aesthetical reasons, but also for recreation purposes. In the next five years, they are aiming for an additional similar area.
The study tour started in one of the mayor urban redevelopment projects that Beijing has seen: the 2008 Olympic Quarter. The Olympic Park (680 ha) has been built on former built-up area and farmland, and is situated at the central North-South axis through Beijing which connects the Olympic Park with the central Tiananmen Square. The park includes an artificial lake where soil was reused for building an artificial hill. The composition of the park follows the traditional Chinese design of building with the back to the hills and the front to the water.
On 14th November 2017, in the context of the COP23, the Senate of the Economy together with the European Forest Institute and ForestFinest held a panel discussion on the private sector’s potential to contribute to climate protection. Prof. Dr. Dr. Franz-Josef Radermacher, president of the senate, gave an inspiring key-note speech on how to combat climate change and satisfy global needs at the same time and with that triggered a lively discussion with his fellow speakers. The speakers included EFI’s own Lukas Giessen, principal scientist on International Forest Governance, Anna Rösinger – director of We Forest and Dirk Walterspacher of ForestFinest Consulting. Dr. Christoph Brüssel, from the Senate of the Economy, moderated the discussion.