ANALYZING THE COSTS AND BENEFITS OF AN URBAN REFORESTATION PROJECT
C40 Cities Climate Leadership Group is a global network of 97 mayors representing member cities that are engaged in low-carbon pathway development in order to confront the climate crisis. The member city of Freetown, Sierra Leone, has initiated the #FreetownTheTreeTown campaign to enhance climate resilience by reforesting parts of its territory with one million trees. Freetown City Council sought to understand the project's sustainability and identify areas for improvement. A Capstone team was tasked with conducting a cost-benefit analysis (CBA) to assess the potential financial, social, economic, and environmental impacts of the campaign. The team reviewed urban reforestation case studies, methodologies for quantifying non-monetary benefits, and carbon trading mechanisms. They also conducted workshops with the client to understand project scope and stakeholder engagements and analyzed program data. The team’s final deliverables consisted of a CBA model, a memorandum detailing outcomes and recommendations, and a presentation to C40 Cities and the campaign project team.