After months of work, the High-Quality Blue Carbon Principles and Guidance: A Triple Benefit Investment for People, Nature, and Climate is formally launched at COP27 this weekend.
A first-of-its-kind, the “High-Quality Blue Carbon Principles and Guidance” developed by Conservation International, Salesforce, The Nature Conservancy, Ocean Risk and Resilience Action Alliance, Friends of Ocean Action, and the Meridian Institute, will be an important tool in helping to build confidence and momentum around blue carbon project development and investment.
Fair Carbon participated from the initial concept through the consultations and development of the principles and guidance, and have committed ourselves as early adopters. Our modular tools for developing mangrove carbon projects have been designed in advance to align with the definition of "High Quality".
We look forward to continuing to support our partners in this work in building momentum and awareness for these principles and guidance. The early failures of REDD+ need not to be repeated in the blue carbon space, rather, we need to instil broad uptake of a principled approach to optimize outcomes for people, nature and climate.
Corporate pledges for climate and nature and the voluntary carbon market are both critical tools that, when made and used well, can play an important role in corporate climate action, positively supporting our world’s collective journey to a net zero, nature positive future.
To help private sector leaders on this journey, specifically in the fast-emerging space of blue carbon, this session will feature the launch of the High-Quality Blue Carbon Principles and Guidance.
Areas for discussion will include trends and guidance in the pursuit of a high-quality carbon market and pragmatic best practices towards the achievement of high-integrity corporate action at large.