Africa: Blue Carbon Markets - Africa Must Carefully Balance Risks and Rewards

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Africa: Blue Carbon Markets - Africa Must Carefully Balance Risks and Rewards
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Analysis - Africa's productive blue carbon ecosystems offer climate mitigation solutions, but countries must guard against the exploitation of local communities.

Civil society organisations warn that if agriculture becomes part of a carbon market, it will spur more land grabbing in Africa Africa 's productive blue carbon ecosystems offer climate mitigation solutions, but countries must guard against the exploitation of local communities.

Blue carbon markets aim to reduce the carbon footprint through coastal restoration and preservation projects funded by the sale of carbon credits. Each carbon credit represents one tonne of carbon dioxide emissions removed from the atmosphere. Entities purchase carbon credits generated from conserving and restoring coastal and marine ecosystems to mitigate climate change impacts. These transactions involve the amount of CO2 sequestered, measured in metric tonnes, and prices per tonne of CO2.

These processes are crucial for countries dependent on marine ecosystems for food and livelihoods. They support the overall health and productivity of the ocean by isolating carbon and maintaining the delicate balance of nutrients necessary for sustaining marine life and the industries that rely on it.

Third, the commodification within carbon markets raises ethical concerns about who benefits. It risks restricting access to resources for artisanal fishers and coastal communities, undermining their livelihoods. It also threatens the intrinsic value of ocean resources, which shape the cultural identities of coastal and indigenous communities. Loss of fish breeding grounds like mangroves jeopardises food security.

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