On January 21, 2020 the World Economic Forum(WEF) and its partners have launched 1t.org which is a multistakeholder effort to support efforts to grow, restore and conserve 1 trillion trees around the world inorder to restore the biodiversity and help combat climate change.
1t.org’s aim and efforts to be taken:
i.Project aim: 1t.org project aims to unite all the countries’ govts, non-govt. organisations, businesses & individuals in to restore nature in a mass scale. The initiative is set up with initial support of Salesforce (CRM) Chairman Marc and his wife Lynne Benioff who are also American internet entrepreneurs.
ii.Carbon locking: Locking up the carbon in the world’s forests, grasslands, and wetlands can provide 1/3rd of emission reductions needed to meet the Paris Agreement targets by 2030.
iii.Organisations in support: Various organisations supporting the initiative include Bonn Challenge, the Global Partnership for Forest Landscape Restoration(GPFLR), NGOs (Non-Government Organisations) like American Forests, the Trillion Trees Initiative etc.
iv.Focus of 1t.org: The 1t.org will focus on 3 key action areas. They are
- Encouraging reforestation champions by providing a digital platform (UpLink).
- Top-down system change such as policy change, incentives, market creation and access to funding and technology will be catalysed.
- More spending by govt, businesses, etc to conserve nature will be done.
v.Restoration benefit: Restoring 1 trillion trees may remove 12 Gigatonnes(Gt) of Carbon Dioxide(Co2) from the atmosphere per annum with the same trees storing up to 205 Gt of CO2-equivalent once mature or grown up.
About Paris Agreement:
Fact1- It is an agreement within the United Nations Framework Convention on Climate Change (UNFCCC), dealing with greenhouse-gas-emissions mitigation, adaptation, and finance.
Aim- To limit global temperature increase to well below 2 degrees Celsius, while pursuing efforts to limit the increase to 1.5 degrees.
Agreement signing: 2016.