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[MUSIC PLAYING]
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TreesAI is an
open-source platform
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that has been set up to
support multiple city
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stakeholders to
collectively value
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and invest in urban nature.
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The initiative is
establishing trees
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as a critical part of
urban infrastructure,
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alongside bridges,
roads, and rails,
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enabling investment,
affordability,
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and sustainability.
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We've all recognized,
especially during COVID,
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how we so strongly rely on
our green infrastructure.
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And we're talking about
the fact that urban trees
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can clean the air around us.
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They can reduce the temperature.
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And I haven't mentioned social
benefits, neighborhood cohesion
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benefits, health care
benefits, which are massive.
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How much?
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We all know that actually being
five minutes away from a park
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can drastically reduce
your probability of illness
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when you get old, and
so on and so forth.
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If your house is located in
front of a tree-lined street,
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on average, the land value
uplift, so the amount of money
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that would be captured by your
property, can rise by 18%.
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So this is on average in
most cities around the world.
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However, it's the
local municipality
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or the local organization
that is actually
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investing and
having to take care
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of this green infrastructure.
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And so we think that
this is fundamental
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that we try and address the fact
that all these benefits coexist,
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but not just acknowledge it
but actually start to code this
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within our financial system.
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And so what we're trying to
offer here is a new crediting
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system, one that we
call Carbon+ Credit,
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which really addresses and
recognizes the fact that green
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infrastructure and nature-based
solutions are not only carbon
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storage facilities,
but they are much more.
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And so we are
essentially creating
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a multi-benefit portfolio.
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And so by creating
the portfolio,
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companies are able to not
only say the amount of carbon
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that they want to a offset,
but also to say and to tell us
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more about the other co-benefits
that they want to hit.
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And they will be directly
linked with local projects that
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are backed by the municipality
or by other partner related
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to the municipality.
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Our roadmap is one
where you're essentially
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moving from a carbon
crediting system, where
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anyone from corporates
to individual
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can actually offset carbon
through a municipality green
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infrastructure
portfolio, all the way
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to a couple of years'
time, where we're actually
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looking to moving into an
outcome-based finance model.
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I mean, being part of
the Sustainable Solution
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Collaborative of Morgan
Stanley, it's massive.
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Honestly, when we
recognized that we're
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going to be one of the
winners, this really
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made a massive change
for us because it
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meant that our
ideas started being
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recognized by such an important
financial institution.
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