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	<title>Seagrasses Archives | Ocean 14 Capital Limited</title>
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	<description>Transforming the blue economy</description>
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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>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>
					<comments>https://ocean14capital.com/2021/03/21/unescos-marine-world-heritage-sites-store-five-billion-tonnes-of-blue-carbon/#respond</comments>
		
		<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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