A Global Vision for High-Quality Blue Carbon
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 Launched at COP27
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.
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Supporting the Principles and Guidance
Types of Supporters
Early Adopter:
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.
Reviewer and Contributor:
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.
Scroll further down to see the organizations that have joined as supporters!
How did we arrive at the Principles and 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.
About 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 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.
Newsroom Posts & Publication Resources
- Diginomica article: COP-27 – Diving into Salesforce’s Blue Carbon Framework
- Carbon Credits article: Salesforce Strengthens Climate Commitment with 3 New Initiatives
- Friends of Ocean Action – Ocean News
- Friends of Ocean Action – Mangroves Working Group
- Blog Post: 5 Principles to Secure the Future of Blue Carbon
- Mirage News article: World Economic Forum and Partners Launch Guide for Sustainable Ocean-based Carbon Markets at COP27
- Modern Diplomacy article: WEF and Partners Launch Guide for Sustainable Ocean-based Carbon Markets
Ocean Risk & Resilience Action Alliance
- Regulation Asia article: Blue Carbon Principles and Guidance Issued at COP27
Sponsoring Organizations
Early Adopters
Reviewers and Contributors
Quotes from Featured Supporters
Timeline
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
- Official Blue Zone side event that engaged participants to provide feedback for the refinement and adoption of the principles and guidance.
- Watch the recording here
July 1, 2022 | Workshop: High-Quality Blue Carbon Principles and Guidance
- Deep-dive 3-hour workshop to discuss blue carbon in multi-stakeholder groups. Participants had the opportunity to talk about challenges and opportunities in the blue carbon market and provide direct feedback on the draft High-Quality Blue Carbon Principles and Guidance for consideration in revisions of the draft.
- About 50 participants joined the workshop, representing funders, developers, buyers, investors, NGOs, and governments.
July & August 2022 | Public consultation
- Collected guidance of dozens of organizations and individuals active in the blue carbon realm, via roundtable discussions and workshops, a global consultation process, and interviews.
September 2022 | Review process and endorsement engagement
- Feedback gathered during the consultation period was taken under consideration in revisions of the principles and guidance. The draft was reviewed by project partners, in preparation for publication in late October 2022.
- Formal endorsement outreach began with reengagement of participants who made contributions throughout the development of the principles and guidance.
November 2022 | Final draft published and launch event at COP27
- The High-Quality Blue Carbon Principles and Guidance: A Triple Benefit Investment for People, Nature, and Climate was published on November 8.
- The launch of the High-Quality Blue Carbon Principles and Guidance took place on November 12 at the We Mean Business Pavilion at COP27.