The rise and flows of blue carbon credits advance global climate and biodiversity goals
Shekoofeh Farahmand, Nathalie Hilmi, Carlos M. Duarte
Abstract
Blue Carbon Projects conserve and restore degraded BCEs to mitigate climate change 1 , 2 , 3 , 4 , primarily funded through carbon markets 2 , 4 , 5 , 6 , thereby delivering climate finance 6 , 7 , 8 . Our assessment of 81 BCPs globally (2.0 million ha) shows annual emission reductions of 20.4 MtCO₂e/yr, targeting 5.8 GtCO₂e by 2075—≈2% of estimated potential 4 , 9 . Between 2014 and 2025, 6.96 million BCCs were issued and 3.65 million retired, mostly transferred from LDCs and developing to developed nations below real value.
Topics & Concepts
BiodiversityNatural resource economicsClimate changeBusinessGreenhouse gasGlobal warmingEnvironmental scienceEnvironmental resource managementEnvironmental economicsEconomicsEcologyBiologyCoastal wetland ecosystem dynamicsCoastal and Marine Management