Summary
Both investors and project developers share responsibility for building a high-quality blue carbon (HQBC) market. Conservation International, ORRAA and other key partners, have created a High-Quality Blue Carbon Practitioners Guide – a complementary effort to the High-Quality Principles and Guidance launched in 2022, which serves as a strategic blueprint for establishing blue carbon projects and portfolios.
This Guide outlines how to achieve high-quality by connecting the criteria outlined in the HQBC Principles to specific project implementation approaches, along with the resources to apply them in practice. It also emphasises the role of various stakeholders, including Indigenous communities, local residents, NGOs, project developers, potential buyers, and investors.
Critically, the Practitioners Guide recognises that carbon credits are just one way to finance the restoration or conservation of blue carbon ecosystems. While the Guide highlights credit market, the aim and quality indicators are designed to be applied more broadly across any blue carbon project, regardless of the source of finance.
The second edition of the Guide builds on a year of hands-on experience, including testing, user feedback, and workshops with project implementers. It results in a more practical and user oriented tool, with a structure that follows the stages of project development, from early concepts through planning to implementation.