Building Blue Carbon Projects - An Introductory Guide

In light of the numerous complexities surrounding REDD+, several leading actors are increasingly turning away from the development of individual projects in favour of promoting larger-scale approaches where the baseline analysis and associated measurement, reporting, and verification (MRV) are conducted at a sub-regional, or regional level, typically within existing political boundaries within a country. This approach is referred to as jurisdictional, nested REDD+ (JNR). Although this approach is still relatively new, it offers several advantages over the individual project approach. The specific details of such approaches are still being determined in most cases, but in general bilateral and multilateral donors seem to be increasingly interested in supporting such approaches and making payment for achieving emissions reductions over time. Another new approach is the support of Nationally Appropriate Mitigation Actions (NAMAs) for the forestry sector, including mangroves and using a similar higher-level MRV approach. Such approaches are particularly relevant for efforts to protect existing Blue Carbon ecosystems. Assessment of carbon pools and multiple benefits of mangroves in Central Africa for REDD+ (Ajonina et al ., in press) - In press - Financing Options for Blue Carbon: Opportunities and Lessons from the REDD+ (Gordon et al ., 2011) http://nicholasinstitute.duke.edu/sites/default/files/publications/financing-options-for-blue-carbon- paper.pdf Lessons Learned for REDD+ from PES and Conservation Incentive Programs: Examples from Costa Rica, Mexico and Ecuador (Fonafifo et al ., 2012) http://www.forest-trends.org/documents/index.php?pubID=3171 Further information on Blue Carbon and REDD+ can be found in the following: Complex issues such as high project costs, fluctuating carbon prices, and the involvement of multiple actors surround REDD+ projects and necessitate comprehensive planning measures. It is important to develop a coordinated, measured and cautious approach when advancing Blue Carbon ecosystems under REDD+ strategies. Land tenure and other governance issues need to be clarified at the onset, in order to ensure equitable and or appropriate allocations between local communities and project developers and to avoid conflict and further complexities during the process. REDD+ methodologies for avoided deforestation in Blue Carbon ecosystems need to expand beyond voluntary standards. Engage with local communities early in the project design process and explore use of community trust funds to prove intention. Ensure transparent and accountable disbursement of carbon credit revenues. Key takeaways:

Building Blue Carbon Projects An Introductory Guide

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