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Can Blue Carbon Initiatives Help Conserve Mangroves in Developing Countries?

Christa Brunnschweiler and Tiziana Luisetti

Chapter 13 in Climate and Development, 2021, pp 415-438 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Mangrove forests are important global carbon sinks, and offer other, local ecosystem services such as fish nurseries and sources of firewood and building materials. Most mangroves are located in developing countries, where — despite widespread legal protection — they are in severe decline mainly due to human pressure. We investigate whether and how blue carbon initiatives can help conserve and restore mangroves in developing countries. We focus on financing and stakeholder involvement through the lens of scalability, and discuss which designs are likely to be successful for the rapid, large-scale projects needed to face the current climate change emergency. We make three suggestions: First, in the design phase, large-scale projects should combine the use of qualitative, participatory methods, which have proved effective for stakeholder involvement in small projects, with more quantitative, survey, and experimental methods for faster, evidence-based solutions. Second, the financial product chosen for a blue carbon project must be supported by local communities if it is to be successful in the long term. And, third, bundling ecosystem services together is more likely to achieve financial returns that are high enough to facilitate the crucial stakeholder support at community and higher levels.

Keywords: Climate Change; Global Warming; Sustainable Development; Development; Economic Growth; Adaptation; Paris Agreement; Social Conflict; Extreme Events; Integrated Assessment Model; Climate-Economic Liveability; Sustainable Development Goals; Social Welfare Functions; Intergenerational Transfers; Water Scarcity; Natural Resources; Migration; Climate-Migration Relationship; MENA Region; Renewable Energy; ICT; Energy Efficiency; Carbon Dioxide Removal; Net Negative Emissions; Co-Benefits; Afforestation; Reforestation; Mangroves; Developing Countries; Blue Carbon Projects; Ecosystems; Blockchain Technology; Illegal Logging; Mining Industries; Power Plants; Environmental Economics; Resource Economics; Climate Change Economics; Climate Policy; Mitigation (search for similar items in EconPapers)
JEL-codes: Q5 Q54 Q56 (search for similar items in EconPapers)
Date: 2021
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