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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Providing an official update on the status of the moratorium on new voluntary carbon agreements to give clarity to project developers and stakeholders.

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Developing clear, standardized guidelines for Measuring, Reporting, and Verification (MRV) to ensure transparency, accountability, and credibility in carbon credit projects.

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Specifying whether existing regulations and requirements for REDD+ projects also apply to non-REDD+ nature-based carbon credit initiatives.

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Reinstating a legal definition for carbon rights and create standardized procedures to secure, transfer, and manage these rights, particularly for mangrove areas and other nature-based projects

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

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