Nature-based solutions focused on conservation and restoration of coastal ecosystems are a cost-effective way of reducing greenhouse gas (GHG) emissions. Carbon credits generated from blue carbon projects can be used by companies to neutralize their carbon footprint or by governments to support their Nationally Determined Contribution (NDC) commitments under the Paris Agreement.
Despite growing demand for blue carbon credits and increasing interest in these types of projects, blue carbon projects are still in need of funding. Capital to support climate mitigation activities is available but is slow in finding its way to appropriate projects. Carbon markets have an important role to play as they are able to quickly and efficiently mobilize funding to support mitigation activities.