The World Economic Forum signed at the Annual Meeting 2023 a new partnership with the Government of Indonesia to support its ambitions to scale blue carbon restoration and ocean conservation efforts. The partnership is the first of a series being initiated by the Forum’s Ocean Action Agenda to help meet the rapidly increasing demand for high-quality blue carbon credits and projects around the world and connect global blue carbon actors from various sectors. Blue carbon – the carbon captured and sequestered by ocean ecosystems – stores up to five times more carbon per acre than tropical rainforests. Ecosystems such as mangrove forests, seagrasses and salt marshes are also critical to protecting coastlines from storms and other natural disasters, and act as nurseries for fish stocks, providing a critical food source and jobs, especially for coastal communities.

Source: ESG News