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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Defining procedures for registration, approval, administrative fees, and the trading or transfer of carbon credits internationally under the Climate Change Bill.
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Clarifying verification and recording processes for projects trading on the international voluntary carbon market.

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Mandating benefit sharing agreements between project developers and local communities for nature-based carbon projects participating in the international voluntary carbon market.

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Establishing legal requirements for obtaining Free, Prior, and Informed Consent (FPIC) from Indigenous Peoples and Local Communities.

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Integrating benefit sharing and FPIC obligations into the project registration and approval process.

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Finalizing and implementing detailed MRV (Measurement, Reporting, and Verification) requirements for nature-based projects targeting both domestic and international voluntary carbon markets, ensuring MRV systems meet international standards and facilitate certification for trading carbon credits abroad.

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Defining whether private companies and individuals can obtain leaseholds or concessions to manage state-owned mangroves for carbon credit projects aimed at international markets.

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