Funding MPAs by selling blue carbon credits: Practitioners from the first projects describe their experience so far

When MPA News reported on blue carbon back in 2016, it was still just a concept, discussed as a way that MPAs could help fight climate change. But now two MPA projects are implementing blue carbon strategies as a source of revenue – the first MPAs to do so. They are generating credits based on the tons of carbon their projects have captured and stored, then selling those credits to global buyers who want to offset their own carbon emissions.

This is a whole new way of monetizing MPAs. The timing is potentially good: the global market for carbon credits is expected to grow substantially as nations and other entities, like airlines, strive to meet various emission-reduction commitments. According to one of the projects selling blue carbon credits, the current demand for them may be as much as a thousand times greater than current supply.

Perspective | The Phoenix Islands Protected Area: The Greatest Ocean Conservation Story Ever Told

By Ambassador Teburoro Tito, Chairman of the PIPA Conservation Trust Fund Board

On 11 December 2018, Kiribati made history by being the first country to have its domestic marine conservation initiative recognized by the UN General Assembly as an exemplary model of international cooperation. What is so unique about the Phoenix Islands Protected Area to justify this special mention?

Perspective | The North Sea Stakeholders Agreement: Participative policy development in the Netherlands

By Ton IJlstra

Over the past 20 years, wind energy and MPAs have staked important spatial claims with regard to the Dutch North Sea – to the potential detriment of the Netherlands' commercial fishing industry. For this reason, the North Sea Foundation called in 2017 for an agreement among stakeholders that would preserve the country's North Sea ecosystem while enabling sustainable fisheries and the expansion of wind parks.

Notes & News: 30×30 target – Cook Islands – $16M vessel forfeited for poaching – Baffin Island – New alga smothers reefs – 16th century wreck in MPA – MPA News vault

Canada joins Global Ocean Alliance, advocating 30% ocean protection by 2030

In early July, Canada became the 22nd nation to join the Global Ocean Alliance, a group of countries in favor of protecting 30% of the ocean by 2030. Current MPA coverage of Canada’s waters is 13.8%. Globally, the World Database on Protected Areas calculates 7.4% of the world ocean is under some protection.

Members of the Global Ocean Alliance support setting a worldwide ‘30×30’ target next year under the Convention on Biological Diversity. Started by the UK in 2019, the alliance now includes Belgium, Belize, Cabo Verde, Canada, Costa Rica, Croatia, Fiji, Finland, Gabon, Germany, Italy, Kenya, Luxembourg, Monaco, Nigeria, Palau, Portugal, Senegal, Seychelles, Sweden, the UK, and Vanuatu.

A recent study by over 100 economists and scientists concluded that the economic benefits of protecting 30% of the world’s land and ocean by 2030 would outweigh the costs by a ratio of 5-to-1. Media coverage of the study is here, here, and here.