Quite a nice breakdown of the opportunities available from blue carbon. Not all nature-based solutions are the same in terms of their verifiable offset potential, but there are already established solutions. Especially pertinent as we start to look at the the potential for increasing the deployment of mangroves for coastal protection.
The immediate challenges of the modest scale of these projects, given the various site-specific constraints, as well as relatively high costs of implementation… mean that we need to be a little creative how we incentivize investments. Financial institutions layering blue carbon projects onto their portfolios and private sector after offsets supporting development projects both sound like great ideas to me. The opportunity to achieve carbon offsets and pay (in part) for climate adaptation at the same time sounds even better.
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