In the battle to reduce the amount of carbon dioxide in the atmosphere and to slow global warming, the ocean plays a fundamental role. Indeed, the ocean’s ability to absorb carbon and stabilize the climate is gaining popularity also in the business world as an important system to counteract the rise of anthropogenic greenhouse gas emissions.
The emerging blue carbon credit market is attempting to monetize this new field. In the framework of blue carbon system, companies can buy and sell blue credits that represent a certain amount of emissions being removed from the atmosphere, absorbed by the ocean and buried under the seabed. How? Through carbon dioxide removal projects, such as growing seaweed that absorb carbon and send it to the depths of the ocean or through other blue carbon credit projects that involve planting mangroves, seagrasses or protecting existing marine and coastal plants. All these projects can be implemented by selling carbon credits to pay for the related operations.