Creating carbon and biodiversity credit schemes for MPAs and Communities

Carbon and biodiversity credit schemes, often referred to as ‘nature-based solutions,’ are gaining prominence as effective tools to meet global biodiversity and climate change goals. The nature-based solutions market is forecasted to grow to approximately $200 billion by 2050, presenting a significant opportunity to bridge the financing gap for conservation in protected areas worldwide.

To ensure the effectiveness and equity of these schemes, it is crucial to involve relevant stakeholders, including indigenous peoples, in the design and delivery of benefits. This webinar aims to provide an overview of the current landscape of biodiversity and carbon credit schemes, identifying key actors and processes involved.

The webinar will introduce a set of principles and criteria to guide managers and communities within protected areas in evaluating the impacts of credit schemes on local resource users. These principles aim to tailor co-benefits to the specific social, cultural, political, and environmental context of each area.

Moreover, the role of Marine Protected Area (MPA) managers as intermediaries in the design and implementation of these schemes will be emphasized. By facilitating collaboration between managers and local resource users, MPAs can ensure that nature-based solutions deliver appropriate co-benefits to both the protected areas and their resident communities.

Ultimately, this webinar aims to empower MPA managers to engage with resource users in the co-design and implementation of nature-based solutions, thereby fostering the sustainable delivery of benefits to MPAs and their communities in the long term.

Hosted by: OCTO


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