Financial Mechanisms
Blue Carbon - Philippines
A carbon credit initiative in Palawan focused on the restoration and conservation of mangroves, which are critical carbon sinks.
Mangrove Deforestation
The blue carbon credits – Bakawan ('mangroves') program is a collaborative effort aimed at conservation and community livelihood improvement. The project's main objective is to address mangrove deforestation from local communities and fishpond companies, with the potential to generate carbon credits through A/R/R and REDD+ projects, ultimately benefiting both the environment and the local communities. Initial steps for a carbon credit certification have been completed to assess carbon stocks and deforestation rates. Conservation agreements are being negotiated with landowners.
Region Asia
Country Philippines
GFCR Programme Mamuhunan sa mga Marine Protected Areas (Responsible Investments in MPAs)
GFCR Convening Agent Blue Alliance Marine Protected Areas (BA)
Priority Coral Reef Sites Palawan
Sector Financial Mechanisms
Stage Incubation through Grants
Scale to Investment Yes
Key Contact Nicolas Pascal
