Building Blue Carbon Projects - An Introductory Guide

Criterion

#

Sub-criterion

Question

Technical feasibility

20 Baseline

Is there available data to form a baseline?

21 Additionality

How can the project help overcome the local baseline?

22 Partners/stakeholders 23 Partners/stakeholders

Who are the potential local partners? Who are the potential national partners?

24 Users

Who are all the current users of this resource and area? Can traditional and or local knowledge play a role in the development and implementation of Blue Carbon policies and management plans? Does the project area have previous experience in benefit-sharing and how is it perceived by the community? Do prospective ecosystem service and carbon sellers have the necessary legal rights? What project elements can be covered by project partners as co-finance? Who are the potential buyers of payments for ecosystem services? Who are the potential buyers of carbon? Is the project expected to be economically viable? What are the prospects for threats to project outcomes?

25 Local knowledge

Financial feasibility

26 Equitable benefit sharing

27 Market rights

28 Co-finance

29 Payments for ecosystem services market

30 Carbon market

31 Viability

Risks

32 Future development risks

33 Leakage risk Is there a leakage risk from project implementation? 34 Local governance/policy What is the incidence of illegal practices in the area? 35 Local governance/policy Are there local institutional conflicts? 36 Local governance/policy Are existing marine protected areas functioning? 37 National governance/policy Is there national political willingness to support this project or its outcomes? 38 National governance/policy Are conservation activities sustained from one administration to the next? 39 Resource use impacts Who would be impacted by an implemented Blue Carbon project in terms of current resource access or use patterns?

Building Blue Carbon Projects An Introductory Guide

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