This briefing addresses the promotion of ‘Blue Carbon’ initiatives, also known as ‘Blue REDD’, a new trend focused on trading the ‘stored’ carbon on marine and coastal territories, especially mangrove forests.
Previously published as an article in the WRM Bulletin No. 204, the article aims to contribute to a better understanding of this trend, exploring some of the ‘Blue Carbon’ or ‘Blue REDD’ initiatives or projects that are already underway, and which are the actors behind them. It also describes and comments on some of the main arguments used by these actors. The main goal of the briefing is to raise awareness of this new trend and explain why, instead of helping to resolve the climate crisis, these initiatives tend to benefit financial markets.
The briefing is accessible at:
http://wrm.org.uy/wp-content/uploads/2014/11/Blue_Carbon_and_Blue_REDD.pdf
