File photo: Forest
Over 200,000 people have signed up on the Timber Tree seedlings plantation projects across eight out of the ten regions to help sequestrate about Seven Thousand and Eighty (7,080) Carbon Dioxide per day in country.
The Carbon Credit Project inaugurated by Vision 2050 Ghana Ltd aims at reducing the number of tons of Carbon sequestrated by this tree between the years 2009 to 2015. About 150 Million Trees were also planted in 8 out of the 10 regions in Ghana.
Dr. Kofi Frimpong the chief executive in a statement indicated that “Vision 2050 Forestry is currently, seeking to use the Poverty Alleviation Carbon Exchange (PACE) as a platform to trade the sequestrated carbon in the existing 150million trees as well as the future 1 billion trees to be planted”.
He indicated that “1 billion trees to be planted by the FBR project in 1.5 million people Ghana will create jobs for over 1.5 million people; increase the nations GDP as well as the potential to move the nation above the expected middle income level”.
Below is the full statement:
CARBON CREDIT PROJECT IN GHANA
The Carbon Credit Project was started in Ghana by Vision 2050 Gh. Ltd from August 2008 to February 2010. 200,000 people signed up on the project with a registration fee of Ghc0.50p to Ghc1.0 and received Timber Tree seedlings of 100 to 10,000 seedlings per person. These persons were termed “FARM MANAGERS” who will be paid Ghc100 per tree for 20 years.
In all 150 Million Trees were planted on their lands which are in 8 out of the 10 regions in Ghana. These 150 million trees currently sequestrate about Seven Thousand and Eighty (7,080) Carbon Dioxide per day. This is exclusive of the number of tons of Carbon sequestrated by this tree between the years 2009 to 2015. This implies that, total carbon expected to sequestrate between 2009 and 2020 is Twenty Eight Million, Four Hundred and Twenty Six Thousand, Two Hundred (28,426,200) tons of carbon. A few of these farm managers were given financial assistance to manage the existing trees and to plant more trees. Another 100,000 people also signed up and paid between Ghc10 and Ghc35 and they also received Timber Tree seedlings of 100 to 10,000. Absentee Farmers also signed up and benefited 100 Trees per head from the company's industrial plantation.
In 2014 and 2015, GPS and GIS data of the Trees and the Farm Managers (Land Owners) commenced in the communities of the various districts in the Regions. The Farm Managers are expecting a Total Revenue of Ghc100 from each tree as financial assistance to enable them embark on short to medium term projects.
The final stage of the project is to convert these biological assets into liquid through the Forest Book of Records (FBR) which is an advanced and modified version of the Tree Investment Policy (TIP) and Buy Back agreement.
Under this agreement, institutions and cooperate bodies are encouraged to donate to pay for their carbon footprint or buy shares (Trees) to have a legacy and to make profits through the carbon sequestration which will be sold on the Carbon Stock Market.
2000 people are expected to participate in the Carbon Stock Market at a share price of Ghc20 per share. The closing date is March, 31 2016.
Already signed up farmers will not be allowed to own additional shares because the concept is towards the alleviation of poverty, however, they will receive automatic income of Ghc3,330 between now and 2020 to plant additional 1billion trees within the period. Opportunity will be given to new farmers to own shares.
Vision 2050 Forestry is currently, seeking to use the Poverty Alleviation Carbon Exchange (PACE) as a platform to trade the sequestrated carbon in the existing 150million trees as well as the future 1 billion trees to be planted. The system to support the FBR Carbon Exchange is under trials and will be completed on or before the end of March, 2016. Currently, the 150 Million Trees sequestrate 7,080 tons of Carbon per day and has a potential carbon yield increase of 5% per tree, per annum. The price of Carbon per ton on the World Market as at January, 2016 was 5 Euros which has a potential of increasing to 25 Euros by the end of the year.
The Vision 2050 FBR Carbon Exchange System is a higher version of all existing Carbon Trading Systems in the world because of its capability of coding the existing 150 million trees as well as future trees to be planted and linking them to investors globally with details of GPS and GIS data on the Trees and Farm Managers. Other capabilities of the System include;
Calculating the carbon sequestration daily on the 150million trees in kilograms and tons as well as carbon to be sequestrated from future tree to be planted. Calculate carbon sequestration area per hectare.
Calculate the full value of sequestrated carbon for each tree and retain 40% of the total sequestrated carbon in value for administrative services and poverty alleviation and release 60% as net gain for the investor.
Sending daily alert messages to carbon stock holders regarding their stock and value by close of each day.
Linking the payee to the drawer through PayPal or other reliable electronic medium of payment such as Swift Transfer etc. (Note: All the trees will be coded. Among other things then these codes will be used to generate Visa Cards for investors).
Generate share certificate for shareholders based on tree investment volume and value.
SALE OF SHARES
Trees are biological assets and Vision 2050 is therefore giving opportunity to the public (individuals, groups and organizations) both Ghanaians and foreigners to purchase Shares in the form of Trees for only Ghc20 per Tree for a period of 20 years plus one day.
Returns and Benefits for Investors
1. Huge earnings on investment every 3months based on the price of carbon on the world market. (Check our website: www.forestbookofrecords.com) for Financial and Economic Analysis
2. Legacy rights of tree for a period of 20 years plus 1 day 3. Social responsibility of paying for one's Carbon Footprints 4. Bragging rights of people who supported the following from the negative effects of climate change:
i. Those who will prevent famine, droughts and bush fires
ii. Those who will prevent properties from destruction through heavy storms and rainfall
iii. Those who will prevent the unbearable heat from the continuous depletion of the Ozone layer,
iv. Those who will promote the survival of rural farmers through various income generation channels
v. Those who will promote employment in the rural areas
vi. Those who will curb rural-urban migration
The 1 billion trees to be planted by the FBR project in Ghana will create jobs for over 1.5 million people, increase the nations GDP as well as the potential to move the nation above the expected middle income level. The initial planting of the 1 billion trees has already taken off at the AMEN Scientific Hospital Farms at Nkudua in the Sekyere Central district in the Ashanti region of Ghana.
The data below is the GPS data of Amen Scientific, Herbal Hospital Carbon Sink. 2000 people are expected to benefit from the Amen Scientific poverty alleviation carbon exchange before 31/3/2016.
a. AMEN SCIENTIFIC HERBAL HOSPITAL CARBON SINK: NKUDUA-ASHANTI REG.
