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	<title>Blue Carbon Archives | Ocean 14 Capital Limited</title>
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	<description>Transforming the blue economy</description>
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		<title>Defining moments for ocean sustainability at Davos 2025</title>
		<link>https://ocean14capital.com/2025/02/11/defining-moments-for-ocean-sustainability-at-davos-2025/</link>
					<comments>https://ocean14capital.com/2025/02/11/defining-moments-for-ocean-sustainability-at-davos-2025/#respond</comments>
		
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		<pubDate>Tue, 11 Feb 2025 14:50:07 +0000</pubDate>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[Carbon Sink]]></category>
		<category><![CDATA[GHGs]]></category>
		<category><![CDATA[Greenhouse Gases]]></category>
		<category><![CDATA[GHG]]></category>
		<category><![CDATA[Blue Carbon]]></category>
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					<description><![CDATA[A recent report by Standard Chartered estimates that sustainable aquaculture, blue carbon projects and ocean renewables have the potential to mitigate 40% of greenhouse gas emissions and could unlock $15tn in value, yet lack the catalytic investment needed to scale]]></description>
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                    <h1>Despite President Trump’s virtual address at the World Economic Forum’s annual meeting condemning the Green New Deal, sustainability remained a central theme. Ocean conservation, blue finance, and marine biodiversity were central on the Ocean Action agenda.</h1>
<p>A notable development for the blue economy was the #BackBlue ocean finance commitment gained momentum, with Standard Chartered joining a coalition of global investors pledging to accelerate funding for sustainable ocean initiatives such as those working towards coastal resilience, marine biodiversity protection and ocean-based carbon sequestration. (<a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKnK3m2ndW95jsWP6lZ3pZN8LkPsDTfM74W2ZDfyF6BS5WpW2YNclk4J-M_SN2TLtV84R3K0W2VWvjz5x00d-W3v-Wqd8sDGFHW7hG6PS6Gr5ZVW6p8nhH4z_D6-W6WJmdv7B2_vmW3BBKnx7MdkL3W749WWr5gvBgmW5-nQFY4BWZ5NN3gkqhz_90B1W6tJH2S8XWJkQVk66-k5vNYN4W2dy60_2WnhpvN30G1RsCkgknW95rRNz7j9945W5qhXkM6w7QT8W6JcSdB18T4yLW34YMcN744nwNW8Dg8Xp2BH00JW3P0R-D4xRPsdW4-kxz98WqvsDW6NkKXc4htg4BW1Mwtzt3bFKgZW2vKZfn7j4hW_W63RPhl2fvXPNW3w4JFN4q5x3GW8dcH5K8C78W9f983ZPj04">The Asset</a>)</p>
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                    <p><strong>Why does this matter?</strong> The ocean is the world’s largest carbon sink, <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKn63m2ndW7Y8-PT6lZ3l1W1pbq3G4r9B8vW1RFJ496VFwyxW5rkml-2yz6N0W1WRVnP4NQm25W33T0T42n1Xr7W8FDSQX1ZVxqPW7Fks193XzqwYW58xMkW2Xv2_TW3tVRDy4Fmq7BW2vRqBd5hF7DVW3kdpgb5WcpDdW3zRrnD61jr2jVF5fcx4KZ2yRW40JpsM4zRVLTN38lgggWgjXVW6ZhzmM3kH74VW7sLlZM33lZPyW7q-Wpj67XKx9V2ZvNr5hnCwBW5TPbXQ8CL_cgW7ctMBT8MbF30N8wWGX52k0drW6pFQrG1HsHsCW3LxGcn8_VCygW3Cx5qn2V42CkW8nKJVZ3qlFllf2lxLhv04">absorbing</a> 25% of human-caused CO2 emissions while generating 50% of global oxygen. Yet, rising sea temperatures, pollution and overfishing are threatening marine ecosystems at an alarming rate. The estimated <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKnq3m2ndW8wLKSR6lZ3nBW2q5zMB8_fRMgW1wBSY57XcylBW4Twb1S1c0w6VW62Bh944hDkd2W37S38w5gprCNW4xYpKf7-p2kSW62WxZ95kJRzkW2Kw4VV3Mg570W5xQvcR5LyQqKVxTgX43HMZngW8bCvJJ8vKmhwN8n1th-pP-xRW99ydk63f7ByTW712M4l7q1vq2W3z7F0M3TMq_GW3rGrJ14zNx-4N95Xk_rBMXb0W2-p4_64CTSqPW8CKgwR3SVLKPW1GvDr52-zD48VM0r1S7vsjlbW2RPRxm8ZVBS5W7XTdhl8b0t8_W6JmFZb3K41G8W27fNkQ4FkwRzW6wSpZY7XjKddTPwdn6wTYftW12JRBS12r8cSd9fWRW04">value</a> of key ocean assets in $24tn, with an annual economic output of $2.5tn which represents3-5% of global GDP.</p>
<p>A recent report by Standard Chartered <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKmx3m2ndW6N1vHY6lZ3p7N8zT0bWSb3w4W2GJXX33yx-gxW1SQGnr6CgZSpN6TnR6y66H5tW8B40NG4VPGSWW2Gvm5P44tfrxW3KfK6V7wcRGfW1DW_XS6j6NPWV4pT2v2d56s5W3fTq1_5ZDbW-W4bNKQ6616441W6bdbbm8rPzcdW5Z41Wm53JHWcW1L7Sr57DLhpXW4y4Yh_9cb69wW1CzxSz29_ldfW39Lg1x7LR8mdW90Nq2Y610cTdN24ZKwBZ_d3jW6RdwJ94pymXXW5ct5h0798CVNN98sgklJdZGWf3DnqLz04">estimates</a> that sustainable aquaculture, blue carbon projects and ocean renewables have the potential to mitigate 40% of greenhouse gas emissions and could unlock $15tn in value, yet lack the catalytic investment needed to scale.</p>
<p>In the face of Trump’s <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKmR3m2ndW7lCdLW6lZ3kvW455TYH1ZlG7pW6gQRhB5GGFMHW5560Yx7_HkglW2HXxnp8LJ-8vW8Hl8qK6gpsZbW6r3My63CqC9MW75pxFc8V7t-1W62BmgY97Y7FxW2l293W4Hy3YqW5dWt-4781vpMW1Xydn88DMn9VW6TDWF78sGYR3W8nryMB2_y24lW7n06Yf24zVKHW4GXHMn1F-Xs2W3bSZLk9hVPYBVy30Sk6KvhN2W2ztCvD4-h-b9W2-dRsw1fvm-dW71G0Gx3wG-kkVV8SmM8bJvt-N1GM8KhP0gSHVnwYbD16cFJJV3kNDt8WRFd8f6B0H3z04">dismissal</a> of climate action, discussions at the Davos 2025 summit <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKmR3m2ndW7lCdLW6lZ3m0VKFyRd4q3GNSW21qvpd3wVr0QW93JcTS301mp_N7c12JpRs3crW558x_m4c0bGfW3hnhSX3QlwgXW7kGjhy11K4CgW6GR1NM8lGPz0W4mxvkN7mchhHW7VRNTj2rPMGcVXM9q81mCh7pW5CglZ966w8SMW4XmRqr1yPJsTW5Gt6Yb560ZkYW7qD-f31-Hx45W6kg0108TPsRFW1FhxV_1t33MBW89fnlH29kBTbW1kp-RB3_2jdmW8bXVWR5K6ssnW4Bbxqc8b6mWFW3fcxvJ8rLL-7W25CkWX7z_4kMW1gRM9G2cvksgf8_3qJ204">highlighted</a> the importance of mobilising capital towards ocean solutions, a crucial opportunity for firms like Ocean 14 Capital, which specialise in <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKmd3m2ndW69sMD-6lZ3nGW4-SdJp5LL1DmW4Y_m0D2bxbCRW7_xHnw3-33JjN2whT243f-qHW15j8931dC4sRW9l6scP62dz-VW56dHz46M93WGVWRtwT8kCHCJW5X1WD74-rkn6W86j6Yz18gXntW93drHd6CKVLfW5F8G367DChtDN6TcFvKxzHrQW8-TBpZ6d2pFpW6kc-Vz30lgW6W5wJpcp9gKvLqW8T06Rc3DzDlnW10ggDd7JbnN0V9QDm375BsJTVvR-YM12H1TRdfPNQP04">funding</a> regenerative marine ventures.</p>
<p>The Founding Partner of Ocean 14 Capital, Chris Gorell Barnes, attended Davos 2025 and <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKnK3m2ndW95jsWP6lZ3n1W3ZP6M660WM_GW4sgrdR1Wlwx7W12WY1j3qhHWcW6jTC203X4m4FW7HW_hd12YvCkW1qH2T75L2Yn-W7vL3B56m9Dc8W6Y1trt5SZp8CW8Dwzkk7n1YwVW5bb1fF8bvS1SW3SLYRJ5js-SMW1yZYDB5KxbJ9N7Db3KjyXRJWW7lJPkm4RL6pzV5-WVK5V-9Z8W1fxls36j9Z7VW8NPHQk17g0m2Vx682N2NmKjnW3CFQTr6FdRZ2W6__kgB8NFCYkN7C7lQNq9n4rW52pS525Z0RTZW1pVjxN4CwFsYW1Y0kPj7lmkGqW2hbX1T7Z6-KxW3fpMGT63g41mW1Qy0Cz6WRGsxW84wzdc4dk6msW3Z9v858jJqVNVK3T1h755C_1f7dDFsW04">moderated</a> the Ocean High-Level Panel: Turning Commitments into Action. Key topics discussed at the panel were digital oceans, addressing the role technology has to play in accelerating ocean action.</p>
<p>Another notable ocean event at Davos 2025, was The Ocean Race which <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKlF5kBVqW50kH_H6lZ3nzVDpfSF3W-M_BW4Jms1d2gzVBFW85cJmZ3rpW9kW3ZW1mv8NTwCcW52CQj14nGQG5W1LhB9X8l778HW5-6Btt8LrW7cN8Zy5BvTM6qNVkW8kX42TwJKV1L-kn6Y_WDZW59Wtq861tf83W1Zjtsz7z3GLQW8LtJc12vnSdDW35-x5W4g55fWW6nY2XT4Qd4rTW3SGtBg48t7lGW1PrCpL1kkygFW5TbQqM11GdSWW1-yK0v1FsrkqW2vZVnG5nNh-GW7hblF879LvscW1QKc4r3pTcwrW3mVWsk5l61K8W9ltBmk7ffgFLW3mV6v86CSl-MW7YlkYN3CM4B-W4_D1nZ32rPJbW1wt86-7s9hk9W8DLDnC452m0JW77HGyn7KGvZ8W1c8C0H6p5KVdW2hyNGk33Fvswf4-w0T404">convened</a> world leaders, business executives and policymakers to drive ocean conservation efforts. A high-level roundtable with John Kerry, Prince Albert II of Monaco and Volvo Cars CEO Jim Rowan highlighted marine biodiversity, Marine Protected Areas and the need to reduce marine pollution. The event reinforced the economic and climate resilience benefits of ocean investment.</p>
<p>Blue economy investment is accelerating. The ocean innovation sector has <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKlY5kBVqW5BWr2F6lZ3lYW1h8m9K47VNSJW4JpTqv2Q1HfrW2zv5yN7tjz8qW15Mkhw2lTX6-W1NLRjC5zcwMhW85ztPQ48LYDXW3_2xbX3R014ZW2hb3m_4Wg08lW1yMmvk1xgtLCVYTyc81f8lS2N5p_Hw6Lk_Z4W5ntQ4B1KCgddW49lss_3ftKrBW6LpT5-6JB2rCW76Qkg358SQDdW4MqCBz7QR4t8W97vQGJ5k8KP_W5ZdYSR7fnc2-W8W-yLD3QNd1YW7ZHmvL6RNMTbW14sT8r11-hXCVdC1b55kc_DfW51K5kh40vy9jW814zL_4D8Y9NW7NplgB6TnB_mW5Lj2xS78kgMdW6v61sN55yJNhMjWPGCn79ZBN3hCPS3P407FW91MhDs8ptmXFW331Xb86VHxM3W5h4jZ277_tSbW2fRsqm3Fdvn0W8bg4sD4zGgd9f6sRMpl04">grown</a> by 91% since 2019, with $1bn in early-stage private ocean funds raised in 2022 alone. The #BackBlue commitment has already <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKn65kBVqW7Y9pgv6lZ3nqW2JGj6k8vlkhnW2tq0Qv6NXhpKW8rjW6X3Cd6p7W6mpVhD1d_Vd9W1kCsyZ2L9jSFW3K36Wr1kBkWFW1yJP0F8KygTFW6jMD856k0kNkVRCY_h9gSPvJVqBz2L3yFC3SW8NCD8v7R5LHmV1L6B56wVCSjW6DLLzk1VdPWcW2vfr3Z8Tfjp_N6ybt_ZY8_QrW62Bzv4620482W46F4nX7FPcKyV80kP38HPM-pW1XFJPL96Mw2LW8S12wC4FbJGqW2cCnWT2_BG2NW3gnWKb2kDMx5W5Wyd5q6v9CP3W3pTM8s5bTznNW8fQ2Nr2Xc_rWW4_Xl8Y8BXSx7W41K0Nd7mmDMdW1dr_QK2LQkfHW47J06g6dhbm0W6m0BVK1x6hCbW42nr0l3cGQBXW23fBtZ56RyhQW3H2XPh54sS5pW6sBDWg5_gChxW97F97w6zJhzsVfNH_r1J83mrN7d-7Hvr6NNrW5kwskZ7bJ99kW32vMZZ3YY6sLW4l1rT_3BNWpHW8qR8DK7ghgNnW9jnwvj7w3Pwhf3wXR6H04">mobilised</a> $2.7bn in assets, with leading financial institutions aligning investment portfolios with sustainable marine projects.</p>
<p>Seaweed farming, regenerative aquaculture and ocean-based renewables have been <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKlY5kBVqW5BWr2F6lZ3nyW43_y_95q6Zb4Mf24c8zG8C1W7cKx7L85rvdJW65Ppc_8kCd6FN7Ft9Syszt4-W1vF9gY5C-ZN9MhbFvwwXRVzN3zQ76JQRM7_N4ss0KRZKjRXVlSV_H1DyCsQW53ksQH14Lf0sW8SG8y08ynhywW4zL4cr3nYMXPW9k2_Nn3h8-bQW6ZbY2Q2_ZRDJW4JHwzb6vHHyGW4HxMt-1KkQJCW7wgwzp5G3QVQW6lwgjX9lKrcrW43csg157L8s3W52hZRM5JSh02Vb_sFc4FYyGfW4dz10R5VXMbwW6d7n6b8mcrk8VnyyLc7r8DjrW58WVt75VqcxVW77CBcK5jdCcsW7BZGf63PtJL7W5zjKHx51grKNW1NGfy32hLtr1V39QYn5BmCNKW3HPdHW5sP5m5W5txmhG5vjs6QN1nQ6JvSXqcBdds8r604">highlighted</a> as high-growth sectors, capable of driving both climate resilience and economic returns. Additionally, initiatives such as blue carbon credits and biodiversity-linked financing are <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKlY5kBVqW5BWr2F6lZ3mKW6JC5y315qbC6W1qVqJM6rKZ-pW51rdbl45v46kW4N6pD_95XLPvN1THFhk_CWRtN4FmZGSvK4ZJW6-gpJT7_3V76W2Rbchb2xLW7qW39Ncwf3n9y5JW82kJ2M42JDsKW4Zzhw66GbsZbV4bRXH1bZGZrN6LC8Dn7B-4fW2BRwl31pbmCgN6DXBPVnjfVpW9gr4cJ6ntnGyW29yX_P2YK6jYN4BsfH44KkL8W5dQWS86w1fJ0W2DjfRX4z3HQZW7LqQYK5_TTL2W4bKBnR7xf7mzW2Yc_wG1W5zlcVtqfCr7VW2CjN7fsSGHgkDt9W5yZLrs38x4Y7W6k0txJ32ljzbN8zNf0mJZNJjW22ycCL85l_hhW5LSBMC7wCnB_W8W3v9r5sRBNHN2MskHsJJynTW5n-RTm1khTskW5NxzBT91Mx8cf80sfq804">creating</a> new revenue streams for coastal communities and conservation projects.</p>
<p>Ocean investment still faces major hurdles despite progress. Overfishing <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKn63m2ndW7Y8-PT6lZ3ltW1hTX5v5BQXjLW2LV3yC4_b3rjW7zpC343rrzQQW3CjSJ881Wn_BW8k5wQr3NnM-ZW2mMhMB7mxF4wW9kr5X-7XpZ45W2RkWdr4XWw2zW8-9h8b4pm0S6N7mw87ktG2MBW6Gl5NZ9jGY2gW3XTR8T5yhX5ZN5f7ZT45_wjMW7dx3Wh4rW7gbW7lwGhy8H1DyyW5prxgC40GkJHW5S2dWz7055Y-W3flfWB8YHL-3N81mdFPJNDD-W63QWkk9g3tgDW14qnDr34_1LnW6F6Gbm809jMcW7XZBDV6pCQ-mW35F2Lb7mW1szW72p6Jz2PzMGdVSg5xQ8GT5HQf6HLC1F04">subsidies</a> and weak regulations continue to undermine conservation efforts. Blended finance and early-stage blue economy investments <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKlY5kBVqW5BWr2F6lZ3nFW6TL9Jy1NlsnlW2sCG0P5ZM9SKW4THYdp2Z9s6pW7vf5w_87RjNxW4WmHYb1GB5T5W7rCvcP2kBRRDW8b1dhT6n9QD8V66qjZ2S4x4YW8P0zYC2d2j-nVxZnCX7TkWSPW90PWB_8K1L3zVPPKxD5dHJffW6pNTcs880Q6mW2lb7sl4l-nlmMymCL8dgd-JW6wZnpl4yGsjCW8CDyrv5Kg108W5GZnNf66M0VYW3KRtNc5VpNGxW83-tmL8wtsh8W70WwT51N105GV7bDfw5H10PGW8bGbSh7L4MgZW7RQqX46X_rqLN12WZQm6bY-lW5Hfxrl5wY5k-W6gKz4h5cw-tsN4zs0X5kqcG1W537dwD1VMP-3N5QM0xMxqVPKW6r7f7l3f7KlXW4DNmH95hzHGPW5pmx7c6f9PCSW15qf8j5xh_Vff1ddxfl04">remain</a> risky, particularly in developing regions where policy uncertainty deters institutional investors.</p>
<p>Sustainable aquaculture, while promising, <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKlY5kBVqW5BWr2F6lZ3lJW7GCbf739gQ4SW3cpl0d2Fz3x2W3VKLdF6yGXJWVcjXT22kHBHvW4dGZhf6l-PLTW9fm7-71PV3-fW5N2Zzk2NLVYmW1D-7Br8dwh0CW6Sjfjl5hG698W562wr98mjSF8W2w68CN17wHxqVhJr1Q3Mw2xSV9q4T74pBVhvW5JLhgF55LvtVW2rjkmD5wWcR1N384twCnTPJZW6wJ09v7K8nTYW6nRw1_2ngH8yW53y6lT8mFqnTW8CP77r5n-3DbW4GpXNq50gM-fN532PgdV8Jc8W2k3jfd8PGBS-VPvlpY6JPCXtW41fMZN10Ls0dW5yRK-R7spk5nMgThyrPWzBvW47ppvK3p2hyBW78QWRK34NyXzW78JcSw9dkK7mW5KX9Rz5hdJdDW95jh8N1_X7dQN16M9r1x4N9mVdJkpl2HPWKGf8SjY0M04">faces</a> disease outbreaks, pollution risks and market volatility, requiring significant de-risking mechanisms to attract long-term capital. Without stronger financial incentives and regulatory frameworks, the momentum from Davos may not translate into tangible change.</p>
<p>Ocean investment is no longer a niche concern, it is becoming increasingly central to the global sustainability agenda. The emergence of blue finance coalitions such as #BackBlue, <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKnK3m2ndW95jsWP6lZ3pzW39n0vn5h8SZ-W8LYVWk4DW5cPW5DMBrS57FkTVVkfCF31tYplMW62c6Wg8V44LSW3s99nl8tdm_3W44ymp061k4thW8hhT621HHwkFVmdksn2lyM3nW1VKK2d1tyGC_VYVCNf3DWPwSW7d1TJ32PnrPDW2BRVY94xPm1mV4qJyS5SqCBLW90m2rn1v16XTW2yxg2B6D-xJtW6znn0T1Cggc4W3jpf8P44Rc-dW16-XYs8dy2cRVmPJLP7K3ZJQW1j-ptZ4f0XDmW416nfC5BHm9rW3rSntn1pp08_N16yXcRJqVmzN5NffLkNYlMgW201TcX1qJ2s8W3H1bQ_7gZCTDW7x_pDK31sZWFW2Zz20N5B434YW1hTvG32fZwwHf3pcPQg04">blue bonds</a> and scalable marine solutions <a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKn63m2ndW7Y8-PT6lZ3kBW6RwjMM43Nk1sW7wnT2668n12qN4ycWFCCl7qZW6Z0Z3d7bcVq5W88qVRk8WR7b8W8-kkm55YW8_XW23tdR62yS-0NW8ClkBd34ysvZN71qjlfydkn8W4_HJST4NKXkyVb-Jsc7h6wnkW16yKCX2sjjPGW5xPf337l4hpLW5H66BY1jGf28W91dQ_y3xTf6zW4qpy3k1ywcjqW7pBp3v4W2T2KN1JDHwy5s39VVNRNvy4ZMqwkW2mLfNM7BG0DhW1_w6xy1QpC4_W1-NW8R25XDvMW5b_MFc320t-QW4LqmFB36RPZjW76Rwmk5vjb2cN1BJc0ngbP1Cf5Y8h6C04">signals</a> a turning point in the way the financial sector approaches coastal and marine conservation. To close the gap between ambition and execution of ocean protection, the key tools are expanding public-private partnerships and aligning regulation to support impactful initiatives.</p>
<p>There are two major ocean protection events upcoming in 2025 – the Blue Economy Finance Forum (<a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKmd3m2ndW69sMD-6lZ3p_W29g89Z4sRbK9W6Q2twt3bS9kSW2yTTwm13BttjVR8SBh5hCNGqW2dGG2l9gHdzCW8lrbgj4rJSKxW7jZ68g3s_RlpN814mnV9v19LN2n7nF7pgvJXW6DVG_y96z_7BW5yq5SC6_KwsZN5gfyTfBP136W72Q5X43J_t4FW157s6C87dSN1W10tz6x4tS63HW4bqftv7L8SFTW6kjbld2gG_dCW48MCnp2g74hXW2VxTkz6Xk87zW4m20Gb1QGQDqdVLb2n04">BEFF</a>) – in Monaco in early June, and the UN Ocean Conference (<a href="https://cKf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWpW9b2HGCjJW2BdVXt95JPPNW4vJbXQ5rtyZ1MDyKmx3m2ndW6N1vHY6lZ3lBVBdVDm8fHP9ZW2tVL485YF7B0W68J-_t6xfy0LW39TTKD8ghSQvW85HX_L5VGYrBN6k8nNgQhyhxW6Tv09-15LXDXW2ZSD1S99qCScW2JWXpW13G8gPW2J7qtv4MpJ99W14C1vV6QMF1WN3kkYryFQLLQW2c9-fw5gGsSpW8nyrZV7QVtX3W7Pm87R3zDd83W7dKpJW6Z3r3dW8cbj_x2KHkVTW8dY7Xj4sCJqLW5rqXcr9hRCsQW2Nrhp_6V406JW8zvDnL1xX_6xW9bC81w6xF_kBf7YZBFW04">UNOC3</a>) – in Nice in mid-June. These events will be key platforms for negotiating ocean protection and helping secure capital for sustainable ocean ventures.</p>
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		<title>Credit to blue carbon: harnessing the ocean’s investment power</title>
		<link>https://ocean14capital.com/2023/02/27/credit-to-blue-carbon-harnessing-the-oceans-investment-power/</link>
					<comments>https://ocean14capital.com/2023/02/27/credit-to-blue-carbon-harnessing-the-oceans-investment-power/#respond</comments>
		
		<dc:creator><![CDATA[niki]]></dc:creator>
		<pubDate>Mon, 27 Feb 2023 13:49:00 +0000</pubDate>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[In The News]]></category>
		<category><![CDATA[Blue Carbon]]></category>
		<category><![CDATA[Carbon Credits]]></category>
		<guid isPermaLink="false">https://ocean14capital.com/?p=1371</guid>

					<description><![CDATA[Why is it taking so long for businesses and investors to understand that oceans not only present a risk, but an opportunity? ]]></description>
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                            <span class="heading" data-aos="fade-up">Economist Impact &#8211; World Ocean Initiative </span>
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                    <p><em><strong>A guest blog by Chris Gorell Barnes, founding partner, Ocean 14 Capital</strong></em></p>
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<p>On land, the carcass of a dead elephant releases carbon dioxide into the atmosphere. But when a whale dies, the carbon from its body sinks to the bottom of the ocean to become stored as “blue carbon”.</p>
<p>Right there is a natural carbon-capture mechanism that is crucial to mitigating the climate crisis. Indeed, <a href="https://www.thebluecarboninitiative.org/"><u>more than 80%</u></a> of the world’s carbon is circulating through the ocean.</p>
<p>Mangroves, seagrasses and tidal marshes act as powerful carbon sinks, yet, according to <a href="https://www.thebluecarboninitiative.org/"><u>The Blue Carbon Initiative,</u></a> these ecosystems are being lost at a rate of 1-2% per year, also releasing carbon dioxide in the process.</p>
<p>Despite TV documentaries, the importance of these ecosystems is only now starting to enter mainstream discussions.</p>
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<p>But while ocean conservation has even captured the imagination of street artists who have painted massive murals in Margate on the British coast, investment has been lagging: the funding of ocean conservation only represented <a href="https://wedocs.unep.org/bitstream/handle/20.500.11822/41333/state_finance_nature.pdf?"><u>9% of financial flows</u></a> into nature-based solutions last year.</p>
<p>Awareness is clearly not high enough. Of the US$14bn spent on marine projects in 2022, 82% was public money, according to the UN Environment Programme’s <a href="https://wedocs.unep.org/bitstream/handle/20.500.11822/41333/state_finance_nature.pdf?"><i><u>2022 State of Finance for Nature report</u></i></a>. So why is it taking so long for businesses and investors to understand that oceans not only present a risk, but an opportunity?</p>
<p>There may be a chink of light with retailers using ocean plastic in their products, such as Adidas’s Parley for the Ocean trainers, and IKEA’s<i>Musselblomma</i> range, but this is—forgive the cliché—“a drop in the ocean”.</p>
<p>The <a href="https://impact.economist.com/ocean/ocean-sustainable-development-goals/"><u>UN Sustainable Development Goal (SDG)</u></a> 14: Life Below Water continues to receive the least funding of any of the SDGs, according toUnited Nations secretary-general António Guterres, speaking at the UN Ocean Conference in June 2022.</p>
<p>In 2019 the total commitment to SDG 14 was <a href="https://sdg-financing-lab.oecd.org/sdg-ranking?"><u>US$1.92bn</u></a>, but according to <i>Marine Policy</i>, to make a difference an annual investment of <a href="https://www.sciencedirect.com/science/article/abs/pii/S0308597X19305111"><u>US$174.5bn</u></a> is needed.</p>
<p>From <a href="https://impact.economist.com/ocean/biodiversity-ecosystems-and-resources/is-deep-sea-mining-a-sound-investment"><u>deep-sea mining</u></a> and marine heatwaves to overfishing, it is clear the ocean is facing many challenges, so what can be done to drive investments to tackle these issues?</p>
<p><a href="https://impact.economist.com/ocean/sustainable-ocean-economy/credit-to-blue-carbon-harnessing-the-oceans-investment-power">Click here</a> to read more about what can be done to tackle these issues and turn challenges into investment opportunities.</p>
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		<title>Can blue carbon credits fund marine conservation?</title>
		<link>https://ocean14capital.com/2023/02/01/can-blue-carbon-credits-fund-marine-conservation/</link>
					<comments>https://ocean14capital.com/2023/02/01/can-blue-carbon-credits-fund-marine-conservation/#respond</comments>
		
		<dc:creator><![CDATA[ocean14admin]]></dc:creator>
		<pubDate>Wed, 01 Feb 2023 20:57:51 +0000</pubDate>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[Global Diversity Framework]]></category>
		<category><![CDATA[GBF]]></category>
		<category><![CDATA[30x30]]></category>
		<category><![CDATA[Nature-Based Solutions]]></category>
		<category><![CDATA[SDGs]]></category>
		<category><![CDATA[Blue Carbon]]></category>
		<category><![CDATA[Carbon Credits]]></category>
		<category><![CDATA[Seagrasses]]></category>
		<category><![CDATA[Ecosystems]]></category>
		<category><![CDATA[MPAs]]></category>
		<category><![CDATA[Marine Protected Areas]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[mangroves]]></category>
		<category><![CDATA[sdg14]]></category>
		<guid isPermaLink="false">https://ocean14capital.com/2023/03/16/noise-pollution-can-cause-whales-to-stop-feeding-what-can-be-done-copy-copy/</guid>

					<description><![CDATA[What's happening? Climate change is the world's number one risk, with its most severe impacts to be felt over the coming decade, according to the World Economic Forum's Global Risks Report 2022. Six of the ten biggest risks over the next ten years are posed by the environment, including failure to mitigate against and adapt to climate change, biodiversity loss, extreme weather, and natural resource crises. ]]></description>
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                    <h1 id="viewer-1clmo" class="mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="_2PHJq public-DraftStyleDefault-ltr">Why does this matter?</span></h1>
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                    <p class="mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="_2PHJq public-DraftStyleDefault-ltr">The ocean has emerged as a key site of action against climate change. Right now, 83% of the world&#8217;s carbon is <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PGw3lSbtV1-WJV7CgDDyW3BwC077vVsCKW7Jpdq-5Lsp7YW6YN58b5lll6HW8nWfd17pC4tSW4g18Sz3sJp4fN4G8yKGTdSknW7lkH3_3Y367yW30T3JC5XC0t9W4s4LvX6-g5SLW1HgjvL3qXMp7W3Dj4Z19fJsN4M2zwmxdQ9XtVGV3Pw5rGtz0W7JzYfF74RWDQW5_MTWY7MP_RPW86VrXD8SCzxgW36NRVD2WqdtrW5sz3Cz5N6NDgW8MKWCR3Vkr-1W49LRFg2wrC7J361Z1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">circulating</u></a> through the ocean, with mangrove forests, seagrasses and tidal marshes acting as vast carbon sinks. These rich ecosystems are being lost at a rate of 1-2% per year, turning sinks into sources. Preserving these ecosystems and capturing and storing carbon in the ocean is an emerging facet of climate discourse, <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PHp3lScmV1-WJV7CgZnVW5Sz5dj5tF9LGW7Nf86d6pNG5RW5zPzc_53KDF1W5bmC-W1Gp-hBW8ryw7g3dH55hW7l3j0G49L7ypW5BlH2P1ymP0HW1MxH4z8ktblDW60RFdN59c3r3W2dqjjS3YrwvTW6W9wvN5lT3jBW1Mk7-L2ZLcXMW6Gf-Z24VLgQlW2kdM903nwzcdW71pnsD4qQB_CW2bg0pF6RTFV8W1TmccH8z3xd6W6j-Ttk3W03bVW4d-L2P8klpZZW50jZNF2-1KkYVSYnZ16jnlt9W84BStN1swKrQW1tXT5N8VmQ7kW3p5LZz5qlTLHW2RWYLt98ZtnWN2kZ7XkWBDfm31P91" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">included</u></a> in mainstream discussions for the first time at COP26. Although gaining momentum, ocean conservation is consistently underfunded, <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PHJ3lScGV1-WJV7CgYGcW1RTZL43RpLcPW6CnGR763xbK9W5bC22898DsX7W6PZZcW6bv4QQN4tdXpCK-vmPW5CWWfg8cqzMYW4xQSd98p11n7V6lsJw5nrRwXW13fYcQ5r6f3XVnH8V71bK-qdW4vgQWV4SvCDNW2x5fdX6Z-n_9W7RSbLG5jhtBRW2gPmyP7s6dMsW7WyQDP4TSN5NW3Jq4_95hhNgcW75WmLT6SMd3HW58knx05LT-2VW6PKMzn4LxlPTW5z14M15r1Vm_W7027CN1yymn7W1mXHqv2cpY9gW8T2Crk1kTrjQW6TkMhW4B4DBFW7ck7KC8FS8WWW7Xn9bF5Q0Rb0W7v_SMn4nFK8wN6m4t_T-TkcQ3nzh1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">representing</u></a> just 9% of financial flows into nature-based solutions last year. </span></p>
<p id="viewer-a1ml7" class="mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="_2PHJq public-DraftStyleDefault-ltr">At COP15 in December 2022, the Global Biodiversity Framework (GBF) was agreed upon. The 30&#215;30 target grabbed headlines worldwide, seeking to conserve 30% of the world&#8217;s lands, inland waters, oceans, and coastlines by 2030. As of <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PHp3lScmV1-WJV7CgZ4nV6j8SQ3MLFWrW2_WBZL8gH-bfW6HFQ913RpPZwVX6wLS85S9dRW3XhRyW8-lWgsN4dZlZMmPdWKN8FWlBdJn_LrW1pgHmf3bTMSCW1yygzG3n_3rHW952GFB2_zpYbW5GK-xR7YjQcrV9dpmd5DgPhlVP0Dv38qZKs6W8KYqdT5bm5LvW6PzwS_8lLbT8W6LGych8LSjk-W42Xt6q1BRnnwW37K0x68KSVLyW3nCgws1SMSQTW8x2JD_6w56dcW4Z0mKk92-HtNW6-nr5L6qzr88W73BB9X4H65t0W4yBQJN8V5_FVW2qn24v8gppx4W2BpsGS1xYpTQ3bpr1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">October</u></a> 2022, 6.6% of the Earth&#8217;s oceans fell under protected status. However, only 3% is covered by high-quality protections strong enough to <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PHp3lScmV1-WJV7CgDsfW7XR0PS7GB2_LW79Qc9n97pTK1W5r_Yp11R6p5DN7SJYYFs38LzW90N9VX30xZrdN2ZtRMlwK7KYMdW3qqXhh-PW1HxZF75Q2GmRVCRLtD2ZZckwN5WPGd9yHtH9W1hqC_53QN__zW7lbCcG5HgqrvW8QqlPn3HKx0yN5NC8l_JP9wqW4f5qkX1lnP4wW1nSBL02232ztW3r--t35K-bZmW5zR-4m5S1r_wW8zpq_51x_Y5QW5DNVpk7MYyV_W36R-Gk5WmXnSW1RdYch2rvrTVW76QTDy8W-y36W5Y1ND68TCzN9W5x_1g-6Th4HPW7jpV_m7tkJLf38SW1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">maintain</u></a> and safeguard biodiversity. <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PGQ3lSbNV1-WJV7CgT6bW5sh6XV2kW-DqW8hjgh_2Gy7qbW3L02kb6M0BW_W98lC9F3x3ZRjW4ZR4HC2gFwS8W92mwvM1zSq_3W417lJb95FQ4zW7nQcBV3j9MDSW2lCwcr1Qg7LJW4DbMG27ccchJW4zm-rP96fd2yVlgHks4WnbhyW3Jwqy23n6dV2W9cxq4Z62x69fW64Kj4f8JYjNQW8M3YFl3x05gvW89Z1Wd44CjsXW1NyfMf83Xs6-W4wtzY01flHGMVgCWT28DRn3fW4RtMlk4ljtd7W44fdzp34JcS63l_L1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">According</u></a> to scientists, the current slow rate of protected area expansion will lead to catastrophic declines in biodiversity and habitats. </span></p>
<p id="viewer-a557g" class="mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="_2PHJq public-DraftStyleDefault-ltr">Last year, $14bn was spent on marine nature-based solutions, with $980m going towards Marine Protected Areas (MPAs). Protected area finance needs to increase by nine to 12 times to meet the 30&#215;30 goal, according to the <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PHJ3lScGV1-WJV7CgX1qW4GwJxq4zpmqPW5DBk9t8gsZdmW75LrbT7yDjJ-W5D9g_Z7x4YjDW49Yz5m2MMk0HVbbVzM85R3Z-W5P9gM08bxR5HW2_tWFR31yYffW3lYCP73JcnxHW8wCwqL7WGYTyN5lQCFmNdCD9W8-pnrF9jnX3mW3Zqnz_6KTp7RW3l3XVc5R_yqMW7wFkT46tzXY8W2ZCR5j8mlCTnW7nssNl8knLkwW8pcCny9b810zM3n0T1GMSP5W3Tr0tv2JqF3WW95RkJx3BJppSW7k5dXc3wQDqSM5xhjZBz-PbW9cPCD43sHs-6W4bj4c-7VtZ4KW3bWN1v680FDpW8yjWKr5QFP7rVLdW9w7w4cHf3hdy1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">UNEP</u></a>. In North Africa and the Middle East, the funding gap is particularly severe – here, an increase of 93 to 125 times is required. </span></p>
<p id="viewer-1mghh" class="mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="_2PHJq public-DraftStyleDefault-ltr">A similar pattern can be found in the Sustainable Development Goals (SDG). A <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PH53lSc3V1-WJV7CgLk5W7CRNsB3c6kKFVtzsGB1_3crvW8wC-yB2wS-drW2mWB617X-hLvN1d0qrttfS0qW1CXHnl8BpJ-LW579j625fCY_KW3_91fn1S2TydW5DV8b-3KndbHMYZFpwRNCdHW5kpbj65BVsCwW7ftYT44CVx-3W98dQMJ70r0PLMgtVY8WF_7SV1KgpQ6WfDX9M8xDGn1mfQvW20gFjY2LTtp5VSvnML7VkPRsW5_c6m44HCzgfW3Fyx2k4gvWz0W692bQj72phXjW76LnGY5TTFVJW4LsgVB5SwH1HW8zRSZX7z4yj839qb1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">study</u></a> examining SDG14 (Life below Water) concluded that it receives the lowest funding of all SDGs. Achieving its targets, from tackling pollution to supporting small island states, requires $174bn annually. Data from 2019 <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PH55knKfV3Zsc37CgKm_W80tksJ95WT7dW94Yk8w4CgZCFW4Cz2K38CYBbZW4Y6KT_6_f8QtW4YDBlK7gRpk_W8NyGQ87GvvKGW3jpTQx6Wgy19W1BL6Td71M0DjW2Tcyvj5KbtWMVP10Fs1NHSsyW4ygW_Q2bltl4VxrRbx4yJll5W55LVG62pp4PWN711-4LbRXyGW4n_pHW8XK3DsW2-h32Z82nNQ2W83pnyf4LRJhCW3YLXdk7785nnW65-B6F3xwBV9W2ySqBk5TRDw3W2h8HYR18RY40N4GfTBcWjt4cW8y11T52qfKQRW31sXgc9gfFLGMnc5yXCLj90W5mGPNZ1_RqFxW60W4gG4HLjvfW3J_RYb1H5264W66X3PQ3WXR8kW1MHSCH5TZcYYW3DKz7t6JjldbW5JbZ4M1ShPrGW8nvCyW62MfY6W909hP-2QJLsTW964czg7WMChzN9kptf8ZwjTBW2n-cDH13q1WyW3V5bqB3LnSqLN76XHhDn9CRTN2n0RFFN9zrd3lk-1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">shows</u></a> that $19bn was committed to the goal, representing a funding gap of approximately $155bn.</span></p>
<p id="viewer-f91tf" class="mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="_2PHJq public-DraftStyleDefault-ltr">To reach the hundreds of billions required for 30&#215;30 and SDG14, the private sector will need to be more actively incentivised to invest in the blue economy. Of the $14bn <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PHJ3lScGV1-WJV7CgQxlW2SFKws3G7zK8W7JmBBm4mqDtXN61Qmg_MbH9TW2-37NT8hpgsZW6LjGWY7Jl0tqW6DT1f21WXHvhW7CTbxH37SZDMW1ncjFB35p4KQW1xQMTH1MSccRW803-fl7fX8dqW70_bZT2-C0c2W1VJD0072cvltVTNZ5Q5vkK3GW4rJDBz6JFZTvW7zPtm82kN5K1W5LnbhM87xDYhW7-LGBl8g43zrVh8Wq79gGKScW2mtXPn2Zx7tRW8Q5mJt4YDLPGW1tYgVK812wQqW5dftWJ8BgCCVW54S56488glSjW1D9_-x2bvgtFW7kNcn23fzHCxV2y81b2qM3KXW8L_kH-1W5BXrW64nzf09l3pS63qd91" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">spent</u></a> on marine projects in 2022, 82% was public money. There is a range of tools and mechanisms to entice the private sector, with blue carbon credits emerging as a front-runner.</span></p>
<p id="viewer-ctjt4" class="mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="_2PHJq public-DraftStyleDefault-ltr">Blue carbon credits are generated by <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PGQ3lSbNV1-WJV7CgX08W7d2McF6c5t5WW2NGtM-6lMbXCW9jr2Zv2WhxKzW25YV_Q4vcn_xMsgjgDsY_mGW6z_Rg98zBfC1W6Gk42K3nsK-NW2qlHpG4KgfVRW2PdwRT8YSb-8W1TyQTv2lyQtWW1RFxS51TdTNgW6lv60n5fz3TYW4_VgNS7zwgbdN3gjZ308fqJpW183ZYP3DbKl7W71sDRM4D5LL2W83JWCv45SD9bN2MTzSml_23lN3gJZh2hW4PvW7kT8yt26Jsr7W1-SRLd56hbgHW8yCgT47WN2B63cYK1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">quantifying</u></a> the amount of carbon that is captured and stored by ocean restoration projects. Businesses can buy these credits to offset their emissions and continue operating but at a higher cost. The voluntary carbon credit market is expected to <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PGw3lSbtV1-WJV7CgVq5W3DLWL14wynylW99Qjh77f34LnW8Hr5pH439sxGMtJJGzvcX-sW9dRL3b3S0zHvVBFF8V4dYz-hW2sNBX_2vzQG0W4Yvf-S56K6vWW47gWSJ5g-s9FW8XwK2h7KLgrvW4WTSmJ7QtnPxW7cQ6_64Szkh7VqqfNZ74dp0NW2s348p3J8Z3qW8z6zVT2nTVWPW78mTNd3XtLj8W55lm524xM-YRW8kFxX92FhbnDW9lz0cv5SNKrXN50fDfj6GWZT35K11" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">grow</u></a> by 15 times between 2020 and 2030, reaching a value of $50bn. Revenue generated from blue carbon credits can be used to improve and expand MPAs. </span></p>
<p id="viewer-st9k" class="mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="_2PHJq public-DraftStyleDefault-ltr">The beginning of 2023 was marked with two important stories surrounding carbon credits. First, an <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PH_3lScZV1-WJV7CgTzfW4ZvQTv7J57KMW3pLHCd2RKpClVgP8mM2Hs677N5kb-96SRfV3Vj5-068c7RWsW72QNm56Pxj6-W1PV8Rq3pjlz0V1xJbc3mQYJfW1MYRRf67YqCtW2JT7cq21Dvl_V172W11McNXzW2yLvN26nHRbyW2cTxXy8VBt6RW2PZQ9w2rpDCjW1VgJL31WYs4bW8W7yK027Kr2CW1Vgjkc5_MTzKW8r3JxZ3wZPLdW4mvVhd9jL01KW453qMc2RxDFtW6dFp2j9c6whrW9h55Gk8cFzj4N95fXyTLSqQ1W587-GD1wM-0KW6bnPNr4GrrV_W1f4vlP3pgnlsW7vg4zP3rJKjfW4DLB7531C7b5W4zV1bg3sxcL-W5PlZQ96jfhvQ3kCp1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">investigation</u></a> revealed that up to 94% of credits issued by the world’s biggest rainforest accreditor have no positive impact on the environment. Meanwhile, the EU rolled out new <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PH53lSc3V1-WJV7CgQLgW8bDltt8DTCcVW5h5_x76BD4y6VhdVHV7Qvs-zW89j7pt60_4cdW4SMbBF4xXXhxW2qNvsL2plk_cV6gxBH2ZR6NDW7Nys504qSRwGVc2JJL67T8CLW1KptrK7GXjpwW4gn9rc9gN30nW93hVXr8tNxsBW4-mHW55n2YYGW2h7mxc4w5KkgW7fv1jX5dGFNRW6l0Xbq3MQ82nW6y2tK38SNzh3W29247h3W2y2FW7XSzPM1NQXt-VRJ_WL1fJMVSW2ccnTF8G3XNhW5MZDBT3d42nCN36mKgFv_65bW2sFd3h3D0klq2l51" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">legislation</u></a> which forces large companies to disclose their use of carbon offsetting. These developments may increase the demand for high-quality blue carbon credits as a greater volume of companies seeks trustworthy, impactful credit schemes to avoid accusations of greenwashing. </span></p>
<p id="viewer-ec0ua" class="mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="_2PHJq public-DraftStyleDefault-ltr">It is important that credit schemes are robust and transparent, not only benefitting the environment but supporting those most vulnerable to climate change, building community resilience and reducing inequalities. There are examples of successful schemes in various countries. In southern Kenya, for instance, the <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PGw3lSbtV1-WJV7CgVvjW7m5Jyp2k22Z3VBn09m4_X9SnW4TWfN_6RCqnwN6N5hkkFdypLW2fychP8w784MW8Q0kj78_D_6zW4-cfhG8z2svpW7q1cF11z5PTlW7sGW_22Y0PRpW15D9s52v9W94W5rTt5M8DYsnzW320q1V5wvz6rW63bPS33Zqp_9W77tYd45Kb2ScW976wjr6nStZxW4nPrbH7PVTx1W3L25Cc1W0KKxW7Mvtj86d330FW2CDCsp7m3cWCW6D4jLk8QnNYd31Qk1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">Mikoko Pamoja</u></a> project has successfully planted 56,000 trees, restoring 117 hectares of mangrove forest. Around 2,500 credits are sold each year generating approximately $24,000, 65% of which is returned to the community providing clean water and education to three villages. More examples can be found <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PH_3lScZV1-WJV7CgCd-W817VCv2jWnzGW3S45cw85j7FcW1bPjyl5bbsnDW6hz-Rm8BP5zXW5wtxDX2Ylg5LVqkTTd7h80WLW2JlPj96yl07rW7qtmvH94XPGJVV0Dcc8GMkVqN5WjD52Xhnc9N8brQwHJbtndW2k8kfX2hqlRXW6xFHb41TB1LPW2Kvcb431Q4lBW8nK6V_724Xb5W7MwmsD6qs2rwTp8Mf1PZcnNW8yytpg50gxs6W4qqpjf4P8D6vW8RYw8n7dzHYhW8rdbYg4TGsKSW4lg7Nf5M2YXKW308Zfw4ZM-H9W1nCZ4v8dtdt4W8g3ktM7Mq-YTW8mqBdr1Tpg18W5rB5GW3yRv2FW6pMKmz92KBVjW4m48pB5l1Zf0W3H2Bx-438DvD311C1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">here</u></a>.</span></p>
<p id="viewer-56jn" class="mm8Nw _1j-51 roLFQS _1FoOD _3M0Fe Z63qyL roLFQS public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="_2PHJq public-DraftStyleDefault-ltr">This year, <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PGc3lSb9V1-WJV7CgRRhW1j9kss8RyHC5W61jsDW33RPB9W5Llb1l6zyWnlW3DxTq-4SlLv6N8Ld5SsTbvQ4W97y_Zw3_8JDPN6fMkVrm-TzVW2B2wcn74LjcMN3_PcNdmMxnLW8mfJXn859FLRW6QYbdc36JLflW2gZxcF2KHFKCW2QvH252Gx2TpW7rkV0p8zT7XrW3PbJdG2V84cFVwZYHm7-fXqqN7T4XkBfvkGBW2mTc9F57FfJL36rs1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">Carbonplace</u></a> will launch, offering businesses an accessible platform to browse credits globally. Meanwhile, the Taskforce on Scaling Voluntary Carbon Markets <a class="_3Bkfb _1lsz7" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VW0tN5317z3kW1ZSPSS1GN9mfW7zr5cm4WskHzN3S9PGw3lSbtV1-WJV7CgF9DW2HgD577rqZHYW3k2DNZ7XlRjfW1Vb_rK5lCg1NW1w7MVg3jfcpLW1Vs4NF2PjybDW7nMbzk8F-mbWW1jK0_36z9Xw7W7__N--6sB3yvW2jP6H77F3ZG6W4qVyNl5vF4H5W2dhx_j4rF5thVmZy288rT6vmW7QJt4M98lYKmW2XsDB72BmmgJW4Y4cXD8nNp0HW5cx2d98h42ypW8lxj6D8k3D4VN96kkcBnZlC5W4D_P0K8dlmBgW3snzJw6ml-Mt3kh51" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="_3zM-5">aims</u></a> to remove barriers to the market. Blue carbon credits are one piece of the ocean conservation puzzle and may prove instrumental in bridging the funding gap for ocean goals over the coming decade.</span></p>
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		<title>UK to become first country to map its blue carbon stores</title>
		<link>https://ocean14capital.com/2022/08/25/uk-to-become-first-country-to-map-its-blue-carbon-stores/</link>
					<comments>https://ocean14capital.com/2022/08/25/uk-to-become-first-country-to-map-its-blue-carbon-stores/#respond</comments>
		
		<dc:creator><![CDATA[Hannah]]></dc:creator>
		<pubDate>Thu, 25 Aug 2022 09:34:00 +0000</pubDate>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[Blue Carbon]]></category>
		<guid isPermaLink="false">https://ocean14capital.com/2023/07/13/the-un-high-seas-treaty-a-step-forward-in-preserving-our-oceans-copy/</guid>

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                    <p id="viewer-7veun" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr"><strong>What’s happening?</strong> The UK is set to become the first country to create a complete map of its stores of blue carbon through an initiative led by the Scottish Association for Marine Science and funded by WWF-UK. The project will build upon blue carbon mapping which started in Scotland to cover the Irish Sea and English Channel. Initial findings will be released later this year, with a final report set to follow in summer 2023. Mapping the country’s blue carbon habitats will allow governments to plan and prioritise the use of marine environments. (<a class="TWoY9 itht3" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWp_777LyftQW4SPfrY9cKrWMW6phD5r4NTtpRN9k7M8J5knJ3V3Zsc37CgF52N2p-VJZH4qL6W4zdjts82f6YTW3VDZ9G4qgMQcW7Hn_06952887W4Cvnyw3DHW6kW7xR9cV4-x71CW6MyjtB8x6NN5W2vPxQN5NH0_LW88yCvz1LpNN1W8swT-R4Q5pMKW3FYNVN374TGfW99BNvJ730_RJW5HJ3LH93j5fsW6yTGYH2rbLwLW29lGmg70jMfMVsV8qL2N91XKVf_f0S5P36L7W7jPrT72_4HkGV5Vnkq9gl2NHN6HtfRLQ6jzBVwC6__2k8fWPW8LC8Qk3FyqgqVH2RlL4kbkKtW55t90G125dMBW8H0fv34L3qNVW4jLyYy6JCNWJN4s2-vf7Fx42W7ynh8g7M64fKW7nprH0148DBwW99M2Sn7tcXlqW2DjBt29c3Fq0W2yfph89fl3XN38ft1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">The Independent</u></a>)</span></p>
<p id="viewer-4b9gn" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr"><strong>Why does this matter?</strong> Even though over two-thirds of the UK is <a class="TWoY9 itht3" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWp_777LyftQW4SPfrY9cKrWMW6phD5r4NTtpRN9k7M9V3lSc3V1-WJV7CgRqNW2vHylG2NDvg6W8XkblR3G5yzJW6nzhjN9dnk0XW7j2J6w2kSfmrW7508rB10h0V2W95RFRj6-l9xlW2JjDVV3q1QTVW2gCs6r1yGK16W5hH1nk7DGLM2W6pWdZD985mWwW7YL1th7LhyBFN3wnTN1RmhNfW7mKFY_7mwytgW8BMZ791rc3btW7lNrjh2crw8mW8HLkmM5NZZkJW8s9R5C6Cj67sW7m9nzy7JdwJjW3Xx_tt5zp3tNW4xWJZV92krYgW8hT2yl7mLlldW8YyrvH82bQJPW4PM2zR2q046zW4hZWwM7ZHc3H3k-51" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">underwater</u></a> when its continental shelf is considered, knowledge around its blue carbon sequestration capacity (along with that in other countries) is still limited, with most carbon accounting previously targeting terrestrial habitats. Understanding the distribution and extent of blue carbon stores will provide knowledge that can support conservation measures and climate resilience. It could more broadly support the UK’s progress toward achieving its net-zero targets. A diverse range of marine habitats can be found in the UK’s seas including seagrass beds, kelp forests, saltmarsh, biogenic reefs and marine sediments. An initial pilot <a class="TWoY9 itht3" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWp_777LyftQW4SPfrY9cKrWMW6phD5r4NTtpRN9k7Mbt3lScGV1-WJV7CgTWdV6rYkJ1pdfB4W3MtNY612KPJXN2wdFvcYH1BMW4rJ4hS12Cm0WW3bQycL8q_yyZW5yrPtN4BPLKkW66Y8z_4PQ_LDW2sNT3D1WlrNtW5bfHlx1TfcnXW4pb60l11NgdtN6v4w_TBfRsRW2lr1Ms6JlK52W2h2-sd9100yYW2tDFKF8cTpfFW46l3Yx1lYlw3W2pdGkL34ZKPWW5mWsJl7CknCXW3l8JCT3RMwsbW7zfWdZ301Z_lW7V8kPP8JfJY_W4TyRGC34fntnVGq_Wp464mdmW7kBYHZ38_zcwW513d3532G4RNW95TgXs4_M5ypW7-cpH97lVt24W8_pH9h5QK5SVW3PHSgz3gX_by3htw1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">study</u></a> of the North Sea last year by WWF estimated the superficial top 10 cm of English North Sea seabed sediments store 100.4 million mt of CO2, the equivalent of around 20% of the stocks sequestered in UK forests and woodlands. However, since seabed sediments can be hundreds of metres in depth, the 10 cm figure should be viewed as a significant underestimate of the total organic carbon sequestered in the seabed. Another key finding of the pilot study is that 98% of total organic carbon is stored in sand and mud, among other seabed sediments, making these the most important areas for blue carbon sequestration in the region. Given there is no sufficient restoration solution for these sediments, preservation efforts and managing activities to minimise disruption to them are key. This is important as areas with the highest carbon stock density, including the Devil’s Hole region toward the north of the study area, lie outside marine protection area (MPA) designation. The researchers estimated 1.2 million mt of organic CO2 is added each year to ocean sediments, but it is still unknown how much of this is sequestered in the long-term due to multiple disturbances to the seabed. Physical disturbances caused by <a class="TWoY9 itht3" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWp_777LyftQW4SPfrY9cKrWMW6phD5r4NTtpRN9k7M9V3lSc3V1-WJV7CgNSQW6QgWnC5sFkMRW6F72_r1fL09YW3KGp6s6LHktgW4FqBPv3-SQ6HW6-BSFS8lkC1MW6KKsQ18Wh8R2W1682xm8079gLW3tDffG3KDDfKW3wJGwN8JNNHHW4BHXt21Mdv9vW4fBJk_359w9bW3gJScg84xtqFW5Xnwf-4g23nWW2KXXSR35yRs5M5_pPSDVDy8W3lQvj63pmGlfW9cKk5q5pl19fW8VYB6C8hJL0sW2JjhgL1p8TZhW5KGs488Jm_X-W50t-2Y93lTnpN1l21gTGKJDWW6mkKyw35NV4DW5fp8b22TyMlK3bq-1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">fishing</u></a> practices, offshore energy infrastructure installations, aggregate dredging and other activities are the main pressures faced by organic carbon stores across nearly all English MPAs. The UK has <a class="TWoY9 itht3" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWp_777LyftQW4SPfrY9cKrWMW6phD5r4NTtpRN9k7M9V3lSc3V1-WJV7CgK3MW7FGB654xcw6QN5jGdYbfXjB9W5fQrsN50MMrYW3PyTVR5QpX7XW4Xh4rd6MKLXZW5CrRDF80hg5SW55jzq19hKY05W3QKGrR7fml71W3sGNDF6tjXkmMPQxpXjry3CW4x75JN5_kxJbW7Ys-rH7zhNl6W8Wm5Hb3HjG7dVh8lDy8GVnnjW37MCFM7B147qW3cZMxJ54j17FW66pj0C3yNfTzVLNqfL46s9XQW4mC6kh7l5l8nVMdLp48sGXRHW6wH5Kr7R4s7GW35WCJ81ntCSvW7x-8tV2n94DCW1tn6162NF4_w36SZ1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">lost</u></a> over 90% of its carbon-storing seagrass over the last two centuries, with nearly 50% of the losses predicted to have occurred in the last 30 years. A separate <a class="TWoY9 itht3" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWp_777LyftQW4SPfrY9cKrWMW6phD5r4NTtpRN9k7M9V3lSc3V1-WJV7CgWtDW3lQ_r25tp56dW6Wt6hY8ZGTJqW2j55NB7NYTtWN8Yq0yMHh18lW8m6nKJ7BMlgbW5HzLrg8pjVZlW2y9y1W3c6060W6HVSjP6NCGRhW15wWzt2vM4LpW5VfG4L91pVlHV_SBHS5tYK6dW4crdHz28Yp3fV94qdV83WpwsW4mdMwf2wNSgkW5zN44f8bS06fW2Vdxp27F59-NW4Kxndl2zSV1JW16TwhJ5MG-H5W6LtFw-6dYVRcW274l5M2g6Hj-W33HtkT2X7px4W7bf9M44GC1-MW5YDD5J559X2gW4CdZTg1g35G33cwl1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">study</u></a> exploring the climate impacts of global bottom trawling found trawling alone causes around one billion mt of CO2 every year to be released from the seabed – the equivalent of the total emissions produced by the aviation industry annually. Additionally, there are other benefits to stopping such disruptive ocean practices. Implementing protection measures to target 45% of the ocean has <a class="TWoY9 itht3" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWp_777LyftQW4SPfrY9cKrWMW6phD5r4NTtpRN9k7M9B3lSbNV1-WJV7CgWv5W3m68V-4kgnw8W3qWssW8jQK4HW15XJyd4Nv4GVW1pvg8R8QFKwyVt8MsX6TfD0JW4yxRqv45gJtqW7D2zPC691GNjW5g2MQm6PDRh4W76N17v1Hmp6wW8c4k0j8zG5wNW7CbF9W46Fv1rW6mz-RJ7tlzZNN6BPYWNCGTRzW2hph2G5JRH-GW4ng6GN8VxrR4W8kp4CH8r_6fnW6rnB3w15q8q_W2YQ19388WZmwVHdr1f3Gv9LyW4mS3nh3WX5cqW2KNWg044Kwh8W5qBw4y7Fpp6c38Q21" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">potential</u></a> to preserve 70% of all biodiversity. Banning fishing from certain areas could also boost global fish yields by up to eight million mt. Climate change impacts such as ocean acidification result in mixed effects on blue carbon capture and sequestration. While photosynthetic organisms such as macroalgae or kelp could potentially benefit from higher CO2 concentrations, other marine species and habitats such as carbonate sediments and carbonaceous organisms including coral and molluscs will be negatively impacted as they find it more difficult to grow shells and exoskeletons. Findings from the blue carbon mapping study will provide important <a class="TWoY9 itht3" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWp_777LyftQW4SPfrY9cKrWMW6phD5r4NTtpRN9k7MbN3lScZV1-WJV7CgZ8ZW7TsHG95bb7tYN1qTsLvS8l7GW41L7p726SlYdW78pYc67G5v2bVWR0Ry8hSB7YN8B-vZwWHWXNN7Gl3M_FlcRfW6-yfy37GjtWzW8b9yy76dGgc_W3m5nVT1xTZ-3N3kwsRsWJ2G2W1JtfYt8q5WS2VKW9vH6tNNl2N3cMFK0kblSYN8yy9bnFmw_ZTFDFP8qKWJ3W4Mb70J2LkrLZW3LJ1ks7qxzvJW4Ckq_n77YrX_Vvm1191gH-q0W4dr71W80vwyvN2TVZSZQs4q_N79vKTFyN_RMN6BK9B7dY5zFVtD5JN1mfSt7W87Mjt93T_zmlW6GZ7-G8qXG2GW3dKKBq7QqHvyW4s2kdr4_z3GzW3vjKVv3-3b4937X01" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">baseline</u></a> knowledge to support policymaking and build a case for identifying and stewarding blue carbon-rich habitats in the ocean. Other independent efforts to calculate the carbon stored in the world’s seabeds are underway, such as the five-year research <a class="TWoY9 itht3" href="https://ckf4804.na1.hubspotlinks.com/Ctc/OP+113/cKf4804/VWp_777LyftQW4SPfrY9cKrWMW6phD5r4NTtpRN9k7M9V3lSc3V1-WJV7CgVwTW1p2MKk8_b7JJW6vBtvw16xRkxW69qZpc6dz_DXN2rmc9BGTJznW4nJR7D9ljhMDW3V_rVD1PKNgxN4KBft6cjL-4W27QRqV9g-fHyW3GZ1k53yMCs8W2rRXnC1RWVywW63wwRn1yg3fWW1-sdyX2ynDm0W6wcPwN62wzd-W1xh5Py3CgD36W1CWPlQ2Z2S_cV5V1m11Zk6FnW3HQbl78yV-55W10lBbs3rwVyyW8wShMC8BssMSW5-zVks3kcxg_W5H9PBx7lQYypN5zn-gSGk_tlW4kB9_R3SsSc9W8HMFHc5y5ch63bYY1" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">partnership</u></a> between the Blue Marine Foundation and insurer Convex Group to establish an open-access database for global blue carbon storage.</span></p>
<p id="viewer-abnnc" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">Source: <a class="TWoY9 itht3" href="https://www.independent.co.uk/climate-change/news/scientists-government-north-sea-irish-sea-english-channel-b2121833.html" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">Independent</u></a></span></p>
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		<title>UK must devise ‘climate-smart’ fishing strategy</title>
		<link>https://ocean14capital.com/2021/08/31/uk-must-devise-climate-smart-fishing-strategy/</link>
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		<dc:creator><![CDATA[Hannah]]></dc:creator>
		<pubDate>Tue, 31 Aug 2021 10:33:00 +0000</pubDate>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[Carbon Sinks]]></category>
		<category><![CDATA[Fisheries]]></category>
		<category><![CDATA[Blue Carbon]]></category>
		<category><![CDATA[Ecosystems]]></category>
		<category><![CDATA[Marine Conservation]]></category>
		<category><![CDATA[Biodiversity]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[seabed]]></category>
		<guid isPermaLink="false">https://ocean14capital.com/2023/07/13/updated-climate-plans-for-cop27-need-to-make-better-use-of-the-ocean-copy/</guid>

					<description><![CDATA[The UK government should adopt a “climate-smart” strategy for the country’s fisheries, according to a report from WWF UK, the Marine Conservation Society (MCS) and the RSPB. The government should update the 2020 Fisheries Act to cover emissions directly from the UK fishing fleet, the enhancement of marine biodiversity and the carbon sink potential of UK seas, the report claims.]]></description>
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                    <p id="viewer-gp5c" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr"><strong>Why does this matter? </strong>As the report outlines, fisheries are both vulnerable to climate change impacts and also contribute to it, through direct vessel emissions and fishing equipment disrupting the seabed. Protecting the ocean and its marine habitats – which can sequester <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=4b6c6a88bc&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">more carbon</u></a> per unit area than forests – is critical to mitigating climate change. In the UK, saltmarsh and seagrass meadows store around 220 million tonnes of blue carbon, 93% of which is sequestered in marine sediments.</span></p>
<p id="viewer-8l5b2" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">The <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=99dfa5c10d&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">report</u></a> highlights three key areas to be addressed. First, tackling direct emissions from fishing vessels. UK fishing fleets generate an estimated 914.4 kilotons of CO2 annually – the equivalent of the annual energy usage of over 110,000 US households. WWF, the MCS and RSPB highlight that over half of the UK’s fleet still in operation is over 30 years old. Most vessels in this ageing fleet are <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=06af46570d&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">powered</u></a> by carbon-intensive heavy fuel oils, while half relies heavily on diesel.</span></p>
<p id="viewer-4v0v7" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">Second, marine biodiversity should be improved by minimising and potentially reversing damage from poor practices and destructive fishing gear. Around 87% of fish caught by UK vessels use a combination of demersal and beam trawl, and seine nets, which damage muddy sediments and seagrass. When disturbed from the seabed carbon re-mineralises into the ocean and can be released back into the atmosphere, increasing greenhouse gas levels.</span></p>
<p id="viewer-4dr1" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">Third, the UK’s marine habitats require increased protection to improve their ability to act as a carbon sink, the report states, as blue carbon is further extracted when fish stocks are depleted. The first UK fish stock audit post-Brexit, published earlier this year, found only three of the UK’s top ten fish populations are fished at or under their maximum <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=061eb16674&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">sustainability yield</u></a>. Alongside fish and shellfish, larger species are also considered <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=1fc24286ae&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">carbon stores</u></a>, with species such as tuna estimated to be 10% to 15% carbon. This leaves the ocean system when they are fished.</span></p>
<p id="viewer-bu76o" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">Adopting a climate-smart approach would support the UK’s Fisheries Act, passed last year, which recognises climate impacts in fisheries but has yet to take action in addressing the issue.</span></p>
<p id="viewer-b7klm" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">Companies are developing solutions to decarbonise vessels, with some exploring alternative fuels such as <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=ff444228a9&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">hydrogen</u></a> and <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=732091913b&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">ammonia</u></a> to cut carbon from larger, long-range maritime transport. On a smaller scale, electrification is being looked at by several figures in the maritime industry, such as Bio Feeder, which announced plans to charter Norway’s first electric fish feed <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=94dd801de9&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">vessel</u></a> this summer. Others are experimenting with sail-powered cargo fleets, such as <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=1f6f52b403&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">Timbercoast</u></a>, while <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=52b556bf1e&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">SailCargo</u></a>’s Ceiba vessel combines traditional timber sailing masts with solar-powered engines to achieve commercial-scale zero-carbon shipping.</span></p>
<p id="viewer-jqp1" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">For smaller fishing vessels, returning to traditional methods could be more appropriate. Cornwall-based Fal Oysters fishery is rooted in low-emission fishing practices, using just sail power and a <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=ac0d4f5d34&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">lower impact</u></a> approach to harvesting seafood.</span></p>
<p id="viewer-95u7t" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">To better protect the UK’s blue carbon-storing habitats, bottom trawling is set to be <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=507ffa7bf1&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">banned</u></a> within Marine Protected Area (MPA) networks and increased limitations are due to be enforced outside of MPAs.</span></p>
<p id="viewer-2abvt" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">Less-destructive alternatives such as bottom longlines will require incentives to encourage positive action. Certain initiatives are aiming to reinvent less disruptive fishing gear, such as the Cyprus-based project <a class="TWoY9 itht3" href="https://curationcorp.us9.list-manage.com/track/click?u=8d45d8de865232193bf57473c&amp;id=4d5c174cb4&amp;e=6f89ffc078" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">SEALIVE</u></a>, which is developing bio-based fishing nets made with natural materials including micro-algae. The nets are also compostable on an industrial scale.</span></p>
<p id="viewer-f3e8a" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">Source: </span></p>
<p id="viewer-6ehba" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr"><a class="TWoY9 itht3" href="https://media.mcsuk.org/documents/Climate_Smart_Fishing_Report_FINAL.pdf" target="_blank" rel="noopener noreferrer" data-hook="linkViewer"><u class="D-jZk">https://media.mcsuk.org/documents/Climate_Smart_Fishing_Report_FINAL.pdf</u></a></span></p>
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		<title>UNESCO’s marine world heritage sites store five billion tonnes of blue carbon</title>
		<link>https://ocean14capital.com/2021/03/21/unescos-marine-world-heritage-sites-store-five-billion-tonnes-of-blue-carbon/</link>
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		<dc:creator><![CDATA[Hannah]]></dc:creator>
		<pubDate>Sun, 21 Mar 2021 11:51:00 +0000</pubDate>
				<category><![CDATA[Blogs]]></category>
		<category><![CDATA[Seagrass]]></category>
		<category><![CDATA[Tidal Marshes]]></category>
		<category><![CDATA[UNESCO]]></category>
		<category><![CDATA[Carbon Sinks]]></category>
		<category><![CDATA[Blue Carbon]]></category>
		<category><![CDATA[Seagrasses]]></category>
		<category><![CDATA[Ecosystems]]></category>
		<category><![CDATA[mangroves]]></category>
		<guid isPermaLink="false">https://ocean14capital.com/2023/07/13/eu-launches-blue-economy-sustainability-plan-copy/</guid>

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<p id="viewer-fq12l" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr"><strong>What’s happening?</strong> Three world heritage listed marine sites in Australia – the Great Barrier Reef, Shark Bay and the Ningaloo coast – store over two billion tonnes of carbon dioxide (CO2) in their seagrass meadows, coastal mangroves and tidal marshes, according to a report from UNESCO. The agency has calculated the blue carbon stored in its 50 such sites, and estimated they collectively house around five billion tonnes of CO2 and other greenhouse gases. The sites in Australia store almost 40% of this total. </span></p>
<p class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr"><strong>Why does this matter? </strong>Alongside forests and other land-based ecosystems, which more commonly come to mind when thinking about carbon sinks, blue carbon ecosystems are increasingly recognised as having a key role to play in tackling climate change. </span></p>
<p class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">UNESCO’s <a class="TWoY9 itht3" href="https://unesdoc.unesco.org/ark:/48223/pf0000375565/PDF/375565eng.pdf.multi" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">report</u></a> indicates that marine world heritage sites, despite covering less than 1% of the ocean’s area, represent 15% of total blue carbon assets. Such marine habitats store carbon accumulated over thousands of years, which is locked into sediments. They also sequester <a class="TWoY9 itht3" href="https://www.iucn.org/resources/issues-briefs/blue-carbon#issue" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">more carbon</u></a> per unit area than terrestrial forests – and at a faster rate. Coastal habitats are particularly important, representing less than 2% of ocean area but accounting for around half the carbon sequestered in ocean sediments.</span></p>
<p id="viewer-ach1o" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr"> The Great Barrier Reef, which has a conservation outlook status of “<a class="TWoY9 itht3" href="https://app.curationcorp.com/story/6D5640E2-4EF5-4703-990C-54056F7C4652" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">critical</u></a>”, holds more blue carbon than any other of UNESCO’s sites, demonstrating the importance of protecting its seagrass meadows as well as its corals. UNESCO estimates the reef’s seagrass meadows hold one billion megagrams of organic carbon, or 11% of the world’s total. Its tidal marsh area holds a similar amount. </span></p>
<p class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">Action is needed to protect the reef and its corals. The Australian government recently <a class="TWoY9 itht3" href="https://reportcard.reefplan.qld.gov.au/" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">ranked</u></a> the marine environment along the reef’s coastline at a “D” grade, though improvements in water quality were recorded at some Australian land catchment areas with run-off that affects the reef – such as Cape York and Fitzroy – due to improved agricultural practices. Alongside scientific <a class="TWoY9 itht3" href="https://app.curationcorp.com/story/1CDC3C7A-C2B9-439C-81C9-587A1949D04B" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">efforts</u></a> to protect the reef ecosystem, market mechanisms are being employed to improve water run-off, such as the HSBC-backed <a class="TWoY9 itht3" href="https://app.curationcorp.com/story/4B4C6748-35B8-484E-B79A-7400D7A5C6C7" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">“Reef Credits”</u></a> market which works in a similar fashion to carbon credits by assigning a value to improving the quality of water flowing into the reef.</span></p>
<p id="viewer-177p4" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">A further recent <a class="TWoY9 itht3" href="https://www.nature.com/articles/s41586-021-03371-z" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">study</u></a> looking at blue carbon has quantified that, alongside its negative biodiversity implications, the practice of <a class="TWoY9 itht3" href="https://app.curationcorp.com/story/794C7287-1D27-49FF-9992-A836D38F40DD" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">bottom trawling</u></a> is <a class="TWoY9 itht3" href="https://www.climatechangenews.com/2021/03/17/scientists-push-add-huge-fish-trawling-emissions-national-inventories/" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">responsible</u></a> for “one billion tonnes of underwater emissions” each year. This is comparable to Germany’s CO2 emissions, and has also been <a class="TWoY9 itht3" href="https://www.reuters.com/article/climate-change-oceans-fishing/carbon-emissions-from-trawler-fishing-on-a-par-with-aviation-say-ocean-researchers-idUSL8N2LF3C1" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">likened</u></a> to the emissions output of the aviation industry. The study estimates Croatia’s bottom-trawling emissions, for example, at 23 million tonnes a year – an equivalent amount to the country’s recorded greenhouse gas inventory. </span></p>
<p class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">Not all the CO2 released from seafloor sediments enters the atmosphere, but that which stays in the ocean causes acidification. The researchers state that increasing the status of Marine Protected Areas (MPAs) and banning industrial fishing in 3.6% of the ocean would cut 90% of the risk of carbon disturbance from bottom trawling. This can be applied to the UK where, <a class="TWoY9 itht3" href="https://app.curationcorp.com/story/D78CA34A-FBF9-42C1-9964-8D026A3D887A" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">according</u></a> to the Marine Conservation Society, trawlers operate in all but one of the country’s MPAs. Recently, however, the UK government has <a class="TWoY9 itht3" href="https://app.curationcorp.com/story/68D2A1A0-A734-413B-B96F-321AA13563DC" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">proposed</u></a> to outlaw bottom trawling in four MPAs including the Dogger Bank special conservation area – a key breeding ground for cod, whiting and sand eels. </span></p>
<p class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">Alongside protecting existing stores of blue carbon, seeding new ones is equally important. Also, in the UK, <a class="TWoY9 itht3" href="https://app.curationcorp.com/story/B5FB6F25-143A-4B6D-8C31-BDC63DB04B22" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">one million</u></a> seagrass seeds are to be planted off the Welsh coast to create a 20,000 sq m meadow as part of one of the largest-ever projects to restore seagrass habitats.</span></p>
<p id="viewer-b6rlr" class="xVISr Y9Dpf bCMSCT OZy-3 lnyWN yMZv8w bCMSCT public-DraftStyleDefault-block-depth0 fixed-tab-size public-DraftStyleDefault-text-ltr"><span class="B2EFF public-DraftStyleDefault-ltr">Sources: <a class="TWoY9 itht3" href="https://www.theguardian.com/environment/2021/mar/03/blue-carbon-how-three-australian-marine-sites-lock-away-2bn-tonnes-of-co2" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">The Guardian</u></a>, UNESCO: <a class="TWoY9 itht3" href="https://unesdoc.unesco.org/ark:/48223/pf0000375565" target="_blank" rel="noopener noreferrer noopener" data-hook="linkViewer"><u class="D-jZk">Custodian’s of the Globe’s Blue Carbon Assets </u></a></span></p>
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