Venue: Maputo
Organization: ProAzul and WCS Blue Future Project
Main Conclusions from Workshop:
- Legal frameworks in Mozambique do not secure land tenure for mangrove management, posing a barrier to carbon projects
- Ambiguity in carbon rights between ARR and REDD licenses may lead to contested rights by different entities
- Inclusion of mangroves in jurisdictional carbon licenses complicates conservation efforts across different land systems
- Lack of specified benefit-sharing regulations under REDD leaves distribution decisions to project developers
To ensure the long-term financial sustainability of the proposed Marine Conservation Area (MCA) and community-managed resource recovery areas, the project intends to test long-term funding mechanisms. One of them is the use of Mozambique’s biodiversity offsets regulation. Another mechanism is to explore the feasibility of a “blue carbon” project, something that aligns with the country’s emissions reduction goals and provides an alternative avenue of financing for local communities, complementing the potential of biodiversity offsets.
Within the scope of the Blue Future project, with co-financing by Blue Action, ProAzul and the SPEED Project (USAID), a feasibility study was developed between 2023 and 2024 for the development of a blue carbon project between the districts of Memba and Mossuril, which aims to inform government agencies and communities about the feasibility of using this type of financing in the region. This feasibility study provides an important contribution to the country, as it shows whether the income that can be generated by the sale of carbon credits in a small-scale project is sufficient to justify the transaction costs involved (project design, validation, monitoring, issuance and verification).
Complete Report of the event and the feasibility study can be found on the Blue Future web page within the resources
