The World Economic Forum (WEF) and Indonesia have signed a partnership to ramp up the nation's blue carbon efforts as well as address the growing demand for blue carbon credits. The deal, signed in Davos, Switzerland, will help support Indonesia's national road map on blue carbon. This, in turn, will drive blue carbon credits financing to promote ocean restoration and conservation efforts. Indonesia will be the first national government to have this partnership with the WEF, leveraging its blue carbon resources to meet climate goals. Blue carbon refers to the carbon captured and sequestered by ocean ecosystems. It stores up to 5x more carbon per acre than tropical rainforests.

Source: carboncredits