This country profile presents a comprehensive assessment of the legal, political, and institutional frameworks essential for enabling blue carbon projects. It evaluates core legal requirements—such as project precedents, national regulations, land tenure, and carbon rights—using a standardized scoring index designed to clarify the complex legal and policy landscape surrounding blue carbon development.

The analysis is intended to support stakeholders in navigating these frameworks and accelerating the design and implementation of high-integrity blue carbon projects in the country.

The main policy recommendations focus on:

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Establishing precise requirements for projects to obtain authorization before trading on the Voluntary Carbon Market (VCM) to ensure regulatory oversight and alignment with national environmental policies.

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Developing a national carbon registry to track carbon credits, enhance transparency, and ensure effective management of carbon credit projects.

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Introducing mandatory benefit-sharing mechanisms for nature-based carbon credit projects to ensure that local communities and stakeholders receive fair compensation.

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Implementing a national Monitoring, Reporting, and Verification (MRV) system for nature-based carbon projects to ensure accuracy, credibility, and consistency in carbon credit issuance and support compliance with international standards.

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Clarifying the private lease duration for land under the National Land Use Policy (2016) to provide certainty for long-term environmental and carbon credit projects.

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Developing clear regulations defining carbon rights and establish a standardized process for their transfer or revocation.

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‍Download the full report to explore all findings and recommendations in detail.