High-Quality Blue Carbon Principles and Guidance
A Triple-Benefit Investment for People, Nature, and Climate
A Triple-Benefit Investment for People, Nature, and Climate
The World Economic Forum (WEF) Friends of Ocean Action, the Ocean Risk and Resilience Action Alliance (ORRAA), Salesforce, The Nature Conservancy, and Conservation International with the support of Meridian Institute developed the High-Quality Blue Carbon Market Principles and Guidance. They clearly describe what ‘high quality’ means for blue carbon projects and credits, to foster investments that have triple benefits for people, nature, and climate.
The Principles and Guidance provide a consistent and understandable approach to guide the development and management of blue carbon projects that are equitable, fair, and credible.
Download the recently launched High-Quality Blue Carbon Principles and Guidance: A Triple-Benefit Investment for People, Nature, and Climate here.
Download Translations of the High-Quality Blue Carbon Principles and Guidance:
The High-Quality Blue Carbon Principles and Guidance: A Triple-Benefit Investment for People, Nature, and Climate was formally launched on November 12, 2022 at COP27 of the UNFCCC. The panel was part of the We Mean Business Coalition Pavilion and the discussion featured Salesforce, Blue Ventures, and Silvera and was moderated by World Economic Forum’s 1 Trillion Trees. This session focused on corporate pledges in support of nature-based solutions and how appropriate interventions can restore degraded ecosystems to provide benefits beyond carbon.
Watch the recording below.
This group is supportive of and aligned with the content within the Principles and Guidance and are committed to developing best-in-class applications of these principles and guidance. They commit to learn from one another, develop strong metrics that focus on the highest common values, not lowest common denominators, and to building a market that values people and nature.
This group is supportive and aligned with the content of the Principles and Guidance and participated in the consultation discussions during the development of this guidance.
The Principles and Guidance were directly informed by a global consultative process that consolidated existing knowledge and best practices to build a shared vision for achieving high-quality blue carbon projects and credits for all stakeholders. Stakeholder engagement brought together thought leadership by scientists, developers, investors, buyers, and certifiers to produce a set of clear, concise principles and guidance that characterize high-quality blue carbon projects and credits.
The High-Quality Blue Carbon Principles and Guidance: A Triple-Benefit Investment for People, Nature, and Climate describe what constitutes high-quality, marine conservation best practices, with the goal of preserving and restoring blue carbon ecosystems. The term 'Blue carbon' in this document refers to the intertidal ecosystems that capture and store carbon that currently have methodologies for verification and certification by an authorized certifying body. Mangrove forests, seagrass meadows, and tidal marshes are the three ecosystems highlighted in this document, however we recognize additional intertidal systems are being developed for blue carbon credits; the addition of certifications for other coastal ecosystems should also strive to meet the qualities of 'high quality' that are provided in this guidance.
Ocean Risk & Resilience Action Alliance
The draft premiered at the UN Ocean Conference in Lisbon on June 30, 2022, and a workshop on July 1 provided opportunities for deeper engagement. Following a public consultation period from July through September, the final High-Quality Blue Carbon Principles and Guidance: A Triple-Benefit Investment for People, Nature, and Climate was published on November 8.
June 30, 2022 | Blue Carbon: Charting the Path for Governance and Partnerships
July 1, 2022 | Workshop: High-Quality Blue Carbon Principles and Guidance
July & August 2022 | Public consultation
September 2022 | Review process and endorsement engagement
November 2022 | Final draft published and launch event at COP27