Presented by Pham Thu Thuy (CIFOR-ICRAF) at "Global Forest Observations Initiative (GFOI) side event: Improving the forest carbon market confidence with quality blue carbon credits" on 11 May 2023

1. Go ve rn in g Blu e c a rb o n fo r
c lim a t e a n d s o c ia l ju s t ic e
Pham Thu Thuy

2. What to pay for ?
How to pay ?
MRV for both carbon
and non-carbon
benefits ?
Who should pay ?
Who should be paid ?
Who benefit ?

3. Re a lit y c h e c k …….
• Too slow or Too fast ? Urgent need/dem and…
. but cannot be rushed –
W HO BENEFITS ? LEGITIMACY in decision m ak ing ?
• Hig h in te g rity Blu e carb on m ig h t le ad to tran sform ation al ch an g e ..…b u t
tran sform ation al ch an g e (e.g. land t enure, social safeguards, carbon
right s, sufficient financial and social incent ives, rem oving subsidises) is
n e e d e d to e n ab le BC
• Blu e carb on is b ias tow ard p roje cts an d targ e te d in te rve n tion s…
…
. b u t
n e e d s p olicie s (e.g. polit ical com m it m ent s t o address drivers of
m angrove loss) and broad sect oral coordinat ion
• Evidence based policy is n e e d e d …
. b u t lim ite d rig orou s im p act
asse ssm e n t:
• Major lack of d ata an d solid im p act stu d ie s, not ably non-carbon/social-econom ic im pact s
• Stu d ie s an d e vid e n ce on b iod ive rsity an d ad ap tation ou tcom e s scarce

4. Th a n k yo u .
Pham Thu Thuy