I agree 100% planting now would be the best. I think people might be misunderstanding my original post, I should have clarified that I wouldn't want to see existing tree planting dropped in favor of an endowment fund. As someone in the middle age bracket I'd rather see a much bigger effort to plant trees now, but it doesn't have to be one or the other. I think we can still do both, where the fund is similar to an endowment fund for a university. The university still has a regular annual budget, but an endowment fund on the side for use over future years. I would never want to replace the existing yearly budget for a future fund. I want to continue seeing trees planted before I die.Why not just spend the money. It isn’t better to wait. Additional trees also accrue compounding benefits over time.
There is no reason to wait. You don’t end up with net more trees by waiting. For a very very long time.
I swear the Alberta heritage fund has poisoned Albertans minds.
It isn’t like there is surplus revenue to do this at the city level that we want to remove from the economy, which is the main benefit (of the investing generation) of a sovereign wealth fund.
The fund’s purpose is not to act like a huge retirement account even if that is a side benefit. The main purpose is to turn one time revenue (oil and gas) into recurring revenue because it is highly inequitable to spend today when we as a society also benefit from the economic activity directly via employment.
A significant side benefit is reducing Dutch disease by explicitly not investing any of the money in your home country/currency.
Any ways. If we want more trees we should spend money to plant trees. Why would we expect our descendants to want to plant trees with money we saved for them when we don’t want to spend money we currently have saved on trees?
An endowment fund on the side would end up being the same as a budget increase, but I think it would be easier to put through compared to standard budget increase every year. Plus I think it would be easier to pull in funding from other levels of government, or possibly private partnerships, or donations from philanthropists, etc.. if it was a specific fund dedicated to tree planting.