Trends in Market‐Based Blue Carbon Projects
Bibliographic Data
| ID | 12307709 |
|---|---|
| Authors | Nipuni Perera (0000-0002-2710-3363, Deakin Marine Research and Innovation Centre, School of Life and Environmental Sciences Deakin University Burwood Victoria Australia, corresponding author), Micheli Duarte de Paula Costa (0000-0002-4849-2628, RMIT University), Peter I Macreadie (0000-0001-7362-0882, Centre for Nature Positive Solutions, Biosciences and Food Technology Discipline School of Science, RMIT University Melbourne Victoria Australia), Melissa Wartman (0000-0001-9115-7529, Deakin Marine Research and Innovation Centre, School of Life and Environmental Sciences Deakin University Burwood Victoria Australia) |
| Year | 2024 |
| Volume | 33 |
| Issue | 3 |
| Pages | 3377-3402 |
| Publication date | 2024-12-05 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Sustainable Development (JOURNAL) |
| Journal identifiers | ISSN: 0968-0802 • E-ISSN: 1099-1719 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/sd.3293 |
| OpenAlex | W4405078674 |
| Language | EN |
| Citations received | 6 |
| References cited | 49 |
The integration of blue carbon (BC) into the voluntary carbon market promotes BC ecosystem management through financial incentives. We analysed 70 BC projects and present a comprehensive knowledge synthesis on a multifaceted BC sector and its contribution toward sustainable development. Currently, market‐based BC projects are located across 29 countries, covering an extent of one million hectares globally. Mangrove projects are dominant (99.98%) with project clusters located in Mexico, Senegal, India and Myanmar. The private sector emerged as key players in project development and investments. Across their crediting periods, the 11 registered projects (with ongoing credit issuances) are estimated to deliver 154 MtCO 2 of total carbon abatement, with 5 MtCO 2 of BC credits already issued. Not limiting to climate benefits, BC projects address broader goals of sustainable development by aligning with poverty reduction, gender equality, economic development and biodiversity conservation. However, further improvements are needed around transparency, permanence, benefit sharing and reporting frameworks to enhance the integrity in BC projects
Biology · Business · Carbon fibers · Carbon market · Climate change · Economics · Natural resource economics · Coastal wetland ecosystem dynamics · Computer Science · Conservation, Biodiversity, and Resource Management · Coral and Marine Ecosystems Studies · Ecology
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| Citations per year | 6 |
|---|---|
| Citation span | 2025 - 2026 (2) |
| Highly cited | No |