Building Blue Carbon Projects - An Introductory Guide

An agreement regarding the use of money generated by the sale of mangrove carbon credits was negotiated with the Gazi Bay community during the project design process. The community is represented by the Mikoko Pamoja Community Based Organization. One third of the total annual carbon income generated through Mikoko Pamoja (approximately U.S. $4,000) will be used for rehabilitation and protection of mangroves. Figure 11 illustrates the anticipated financial flow from the external buyers of carbon credits sold on the voluntary carbon market, through to the different project components. Through the Mikoko Pamoja experience, it is expected that coastal communities throughout Kenya and potentially internationally will benefit from mangrove conservation, restoration and protection supported with revenue from carbon credits. This also includes lessons learned from Mikoko Pamoja  contributing  to  the  Global  Environment  Facility’s  Blue  Forests  Project,  a  UNEP   initiative to implement better coastal ecosystem management by harnessing the values associated with carbon and ecosystem services at a number of demonstration sites throughout the globe.

Figure 11 Negotiated financial flow of Mikoko Pamoja.

Building Blue Carbon Projects An Introductory Guide

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