The more fish an ecosystem contains, the more carbon is being captured and stored there. In this sense, MPAs could be viewed as an important management option for conserving and enhancing fish carbon services. Theoretically the financial value of well-managed ‘fish carbon’ could even be harnessed to support MPAs. Is there some way we can make this idea of fish carbon actually work as an MPA financing tool? We speak with several experts about the possibilities.
By Erich Hoyt
For the past four years, a core group of the IUCN Marine Mammal Protected Areas Task Force has dedicated its time to launching a new tool – Important Marine Mammal Areas (IMMAs) – to highlight areas that are important for one or more marine mammal species, and which have the potential to be managed for conservation. These IMMAs are already leading to conservation results.
UN report card: 10% MPA coverage target is not met yet, but could be by year’s end
In 2010, the UN Convention on Biological Diversity set a series of 20 targets — the Aichi Biodiversity Targets — to protect global biodiversity by 2020, including a target for 10% MPA coverage (Target 11). Now that 2020 is nearly over, the UN has released a final report card on progress toward the targets, and the main takeaway is that none of them has been met completely, including Target 11. However, the 10% MPA coverage figure may be met by the end of this year.
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.
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?