Trends in Market‐Based Blue Carbon Projects DOI Creative Commons
Nipuni Perera, Micheli Duarte de Paula Costa, Peter I. Macreadie

et al.

Sustainable Development, Journal Year: 2024, Volume and Issue: unknown

Published: Dec. 5, 2024

ABSTRACT The integration of blue carbon (BC) into the voluntary market promotes BC ecosystem management through financial incentives. We analysed 70 projects and present a comprehensive knowledge synthesis on multifaceted sector its contribution toward sustainable development. Currently, market‐based are located across 29 countries, covering an extent one million hectares globally. Mangrove dominant (99.98%) with project clusters in Mexico, Senegal, India Myanmar. private emerged as key players development investments. Across their crediting periods, 11 registered (with ongoing credit issuances) estimated to deliver 154 MtCO 2 total abatement, 5 credits already issued. Not limiting climate benefits, address broader goals by aligning poverty reduction, gender equality, economic biodiversity conservation. However, further improvements needed around transparency, permanence, benefit sharing reporting frameworks enhance integrity projects.

Language: Английский

Trends in Market‐Based Blue Carbon Projects DOI Creative Commons
Nipuni Perera, Micheli Duarte de Paula Costa, Peter I. Macreadie

et al.

Sustainable Development, Journal Year: 2024, Volume and Issue: unknown

Published: Dec. 5, 2024

ABSTRACT The integration of blue carbon (BC) into the voluntary market promotes BC ecosystem management through financial incentives. We analysed 70 projects and present a comprehensive knowledge synthesis on multifaceted sector its contribution toward sustainable development. Currently, market‐based are located across 29 countries, covering an extent one million hectares globally. Mangrove dominant (99.98%) with project clusters in Mexico, Senegal, India Myanmar. private emerged as key players development investments. Across their crediting periods, 11 registered (with ongoing credit issuances) estimated to deliver 154 MtCO 2 total abatement, 5 credits already issued. Not limiting climate benefits, address broader goals by aligning poverty reduction, gender equality, economic biodiversity conservation. However, further improvements needed around transparency, permanence, benefit sharing reporting frameworks enhance integrity projects.

Language: Английский

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