These 3 start-ups are bringing cutting-edge tech to forest restoration

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Victoria Masterson, Senior Writer, Formative Content

• The world loses about 15 billion trees a year.
• The UpLink Trillion Trees Challenge called for solutions to the loss of forests, which are critical to the health of the planet.
• Artificial intelligence, satellites, drones and data are being deployed in global reforestation efforts.

Conserving, restoring and growing 1 trillion trees by 2030 could help restore biodiversity and fight climate change. This is the vision of the 1t.org, the World Economic Forum’s global reforestation initiative, launched at Davos 2020.

Together with UpLink, it launched the Trillion Trees Challenge, a call for solutions and innovations to end the loss of forests, which are critical to the health of the planet. Despite significant efforts, the world continues to lose about 15 billion trees a year – or an estimated 10 million hectares, according to the UN Food and Agriculture Organization.

With the World Economic Forum’s Global Technology Governance Summit under way, we showcase three start-ups shortlisted for the UpLink Trillion Trees project. Here’s how they’re contributing to reforestation efforts.

GainForest

A non-profit sustainability association based in Zurich, Switzerland, GainForest uses artificial intelligence to try to reverse deforestation.

Its algorithms analyze data from satellites, drones and field monitoring to measure sustainable land use. A smart contracts system then automatically unlocks donations to forest communities when restoration milestones are reached.

“Private stakeholders can pledge money to indigenous communities and forest restoration projects through GainForest’s smart contracts,” the company says.

Instead of felling trees to make room for crops and cattle, the solution encourages local farmers to preserve and restore ecosystems.

Founder David Dao came up with the idea during the COP23 UN climate summit.

What’s the World Economic Forum doing about deforestation?

Halting deforestation is essential to avoiding the worst effects of global climate change.

The destruction of forests creates almost as much greenhouse gas emissions as global road travel, and yet it continues at an alarming rate.

In 2012, we brought together more than 150 partners working in Latin America, West Africa, Central Africa and South-East Asia – to establish the Tropical Forest Alliance 2020: a global public-private partnership to facilitate investment in systemic change.

The Alliance, made up of businesses, governments, civil society, indigenous people, communities and international organizations, helps producers, traders and buyers of commodities often blamed for causing deforestation to achieve deforestation-free supply chains.

The Commodities and Forests Agenda 2020, summarizes the areas in which the most urgent action is needed to eliminate deforestation from global agricultural supply chains.

The Tropical Forest Alliance 2020is gaining ground on tackling deforestation linked to the production of four commodities: palm oil, beef, soy, and pulp and paper.

Get in touch to join our mission to halt to deforestation.

Cultivo

This California-based fintech start-up wants to unlock $1 billion of investment over the next five years in at least 3.5 million hectares of restoration projects, including forests, grasslands, wetlands and regenerative agriculture.

“Nature-based solutions can provide at least 30% of the CO2 mitigation goals by 2030, yet receive only around 3% of the funding allocated to carbon capture,” says Cultivo co-founder and chief executive Manuel Piñuela.

The company’s Trillion Trees solution is a financing mechanism that allows institutions to invest in sustainable nature-based projects such as regenerative grazing or planting trees.

These are identified by Cultivo’s proprietary algorithms and remote sensor technologies, and pooled into investment products known as ‘nature generators’. These provide a return to investors in the form of carbon credits and other offsets.

Farm-Trace

This software platform helps farmers measure, manage and report on their sustainability impact.

This includes reporting and tracking on zero deforestation, forest cover, carbon stored over time, and activities such as tree planting.

“Sixty-six percent of consumers are willing to pay more for sustainable products, but most organizations don’t know the farmers they source from, let alone their impact,” Farm-Trace founder and Chief Executive Kahlil Baker told Provenance News.

Farm-Trace combines mobile, satellite and machine learning data and is already being used by farmers in the forest, coffee, cacao, cattle and spices sectors in seven countries. https://www.youtube.com/embed/7hCoApnz3LY?enablejsapi=1&wmode=transparent

UpLink is a digital platform launched by the World Economic Forum and its partners to crowdsource innovative solutions to the world’s biggest problems. The vision is to accelerate the delivery of the United Nations’ 17 Sustainable Development Goals, which include ending poverty, inequality, hunger and combatting climate change.