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Published (Version of record)CC BY-NC V4.0, Open
Journal article
Operationalizing marketable blue carbon
One Earth (Cambridge, Mass.), Vol.5(5), pp.485-492
20/05/2022
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Abstract
The global carbon sequestration and avoided emissions potentially achieved via blue carbon is high (∼3% of annual global greenhouse gas emissions); however, it is limited by multidisciplinary and interacting uncertainties spanning the social, governance, financial, and technological dimensions. We compiled a transdisciplinary team of experts to elucidate these challenges and identify a way forward. Key actions to enhance blue carbon as a natural climate solution include improving policy and legal arrangements to ensure equitable sharing of benefits; improving stewardship by incorporating indigenous knowledge and values; clarifying property rights; improving financial approaches and accounting tools to incorporate co-benefits; developing technological solutions for measuring blue carbon sequestration at low cost; and resolving knowledge gaps regarding blue carbon cycles. Implementing these actions and operationalizing blue carbon will achieve measurable changes to atmospheric greenhouse gas concentrations, provide multiple co-benefits, and address national obligations associated with international agreements.
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Blue carbon offers an immense opportunity as a natural climate solution (NCS); however, uncertainty serves as a barrier to widespread implementation of blue-carbon projects. We identify critical social, governance, financial, technical, and scientific uncertainties impeding the operationalization of marketable blue-carbon projects. We propose key fundamental research needed to design blue-carbon projects that are beneficial to both the natural environment and society in a way that is scalable, replicable, and cost effective.
Details
- Title
- Operationalizing marketable blue carbon
- Creators
- Peter I. Macreadie - Deakin UniversityAlistar I. Robertson - The University of Western AustraliaBernadette Spinks - Consulting & Implementation Services, Docklands, VIC, AustraliaMatthew P. Adams - The University of QueenslandJennifer M. Atchison - University of WollongongJustine Bell-James - The University of QueenslandBrett A. Bryan - Deakin UniversityLong Chu - Australian National UniversityKaren Filbee-Dexter - The University of Western AustraliaLauren Drake - Pollination Group, Sydney, NSW, AustraliaCarlos M. Duarte - King Abdullah University of Science and TechnologyDaniel A. Friess - National University of SingaporeFelipe Gonzalez - Queensland University of TechnologyR. Quentin Grafton - Australian National UniversityKate J. Helmstedt - Queensland University of TechnologyMelanie Kaebernick - Australian GovernmentJeffrey Kelleway - University of WollongongGary A. Kendrick - The University of Western AustraliaHilary Kennedy - Bangor UniversityCatherine E. Lovelock - University of QueenslandJ. Patrick Megonigal - Smithsonian Environmental Research CenterDamien T. Maher - Southern Cross UniversityEmily Pidgeon - Conservation InternationalAbbie A. Rogers - Centre for Environmental Economics & Policy, UWA School of Agriculture & Environment, and UWA Oceans Institute, Perth, WA, AustraliaRob Sturgiss - Department of Industry, Science, Energy and ResourcesStacey M. Trevathan-Tackett - Deakin UniversityMelissa Wartman - Deakin UniversityKerrie A. Wilson - Queensland University of TechnologyKerrylee Rogers - University of Wollongong
- Publication Details
- One Earth (Cambridge, Mass.), Vol.5(5), pp.485-492
- Publisher
- Cell Press
- Grant note
- This project was supported by Deakin University, the Australian Research Council ( DP200100575 , DP180101285 , DE200101791 , DE200100683 , DE210101029 , and DE1901006192 ), the University of Wollongong’s Australian Centre for Culture, Environment, Society and Space (ACCESS), and the Norwegian Blue Forest Network.
- Identifiers
- 991013024134102368
- Copyright
- Crown Copyright © 2022
- Academic Unit
- Faculty of Science and Engineering
- Language
- English
- Resource Type
- Journal article