Blue carbon credits: a lot of promises but even more uncertainties for the Global South
Résumé
Sustainable science, socio-environmental justice and equity will determine the necessary co-benefits for the credibility, acceptability and effectiveness of blue carbon credits. The blue carbon market must not distract policy-makers from the goal of urgent and massive emission reductions in the Global North. It must be demonstrated that it effectively sequesters and stores carbon everywhere, but also that it is equitable and inclusive in and with the Global South. For this
to happen, blue carbon finance strategies must be co-designed with all stakeholders, with a particular attention to the most vulnerable people in the Global South. More globally, an integrated approach addressing carbon storage but also adaptation capacities, biodiversity conservation and benefits for the communities is to be preferred.
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