What is the viability of blue carbon in effectively serving as a reliable financial mechanism for sustainable management of coastal and marine ecosystems, considering both its opportunities and limitations?
The sustainable management of blue carbon ecosystems is heralded as a pivotal nature-based solution to the climate crisis, providing numerous co-benefits such as enhancing biodiversity, supporting fisheries, and protecting coastal communities. Through the carbon market, blue carbon leads the way in the harnessing of natural capital and innovative finance and is advanced as a key opportunity to support developing countries in sustainably managing coastal and marine ecosystems.
However, concerns about the integrity of nature-based solutions necessitate a thorough understanding of the genuine viability, opportunities and risks that blue carbon presents to developing nations and the Global South.
The primary aim of this event is to explore the viability of blue carbon as a financial mechanism supporting sustainable stewardship. It will delve into the realities, limitations, and opportunities associated with blue carbon in the carbon market and in other potential financial mechanisms.
