Full Economic Potential of Carbon-Rich Mangroves Remains Untapped, Finds New UN Report - UNEP
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12/9/2014 Full Economic Potential of CarbonRich Mangroves Remains Untapped, Finds New UN Report UNEP http://www.unep.org/newscentre/Default.aspx?DocumentID=2814&ArticleID=11103&l=en 1/3 Full Economic Potential of CarbonRich Mangroves Remains Untapped, Finds New UN Report di, dec 9, 2014 Estimated Worth of Climate Benefits from Central African Mangroves up to US$66 billion. And New Satellite Technology Could Help Monitor Mangrove Restoration. UNEP estimates the economic cost of the destruction of carbonrich mangroves, which are being cleared 3 – 5 times faster than terrestrial forests, at $42 billion in economic damages annually. Lima, December 9, 2014 The economic and social benefits of mangroves which are estimated to run into the hundreds of billions worldwide remain largely untapped due to a lack of carbon finance mechanisms, appropriate policy interventions, and rapid mangrove deforestation, according to a new United Nations Environment Programme (UNEP) report launched today at the 20th Conference of the Parties on Climate Change. The Guiding Principles for Delivering Coastal Wetland Carbon Projects finds that the potential economic, social and environmental gains from conserving mangroves ? 90 per cent of which are found in developing countries and many of which are under threat ? including from mangrove inclusion in Reducing Emissions from Deforestations and forest Degradation (REDD+) strategies and protecting and enhancing mangrove stores of carbon, still remain largely underexploited. UNEP estimates the economic cost of the destruction of carbonrich mangroves, which are being cleared 3 ? 5 times faster than terrestrial forests, at $42 billion in economic damages annually. The report argues that while policymakers and financial markets are beginning to take action, more needs to be done to develop new methodologies for carbon accounting for mangroves and other coastal wetland ecosystems, to conserve mangroves, and to increase the profile of mangroves in REDD+ and the United Nations Framework Convention on Climate Change (UNFCCC). UN UnderSecretaryGeneral and UNEP Executive Director Achim Steiner said, "As the latest Emissions Gap Report makes clear, countries are increasingly aware of how much progress they need to make to limit a global temperature rise to 2°C. Developing countries have a major climate change mitigation and adaptation asset in the form of mangroves because they hold several times more carbon than terrestrial forests." "What is needed now are the right carbon finance mechanisms, and policy interventions, in order to reap the true economic, climate and social gains from this critical ecosystem, which we cannot afford to lose." he said. "Part of the answer lies in ensuring, both nationally and internationally, that mangroves have a place in REDD+ strategies and other low carbon development strategies such as National Appropriate Mitigation Actions (NAMAs)," he concluded. The report makes clear that the management of coastal wetlands is a noregrets approach, with many additional ecosystem service benefits such as fisheries production and shoreline protection, which promote adaptation in coastal communities. A number of coastal wetlands carbon project initiatives ? which include mangroves ? in their infancy in many parts of the world, including Kenya, Senegal, West Bengal, and Sumatra are already showing indications of success. The Gazi Bay communityled carbon finance project in Kenya for the conservation, management and restoration of 117 hectares of mangroves has so far sold certificates of 3000 tonnes of carbon dioxide (C02), with funds being allocated to community projects and additional mangrove activities overseen by village leaders. One of the many successes of the project has been a dramatic reduction in illegal harvesting of mangroves, and it is hoped that the success of the community based initiatives in these countries will pave the way for other developing countries to start establishing new carbon projects to ensure sustainable ecosystem services to local communities. However, according to a new report from UNEP, Carbon Pools and Multiple Benefits of Mangroves in Central Africa Assessment for REDD+, many countries will be unable to access carbon incentives, improved governance, jobs, and a range of other benefits under the global REDD+ programme unless they include mangroves in their national
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Transcript of Full Economic Potential of Carbon-Rich Mangroves Remains Untapped, Finds New UN Report - UNEP
12/9/2014 Full Economic Potential of CarbonRich Mangroves Remains Untapped, Finds New UN Report UNEP
http://www.unep.org/newscentre/Default.aspx?DocumentID=2814&ArticleID=11103&l=en 1/3
Full Economic Potential of CarbonRich Mangroves Remains Untapped,Finds New UN Reportdi, dec 9, 2014
Estimated Worth of Climate Benefits from Central African Mangroves up to US$66 billion.And New Satellite Technology Could Help Monitor Mangrove Restoration.
UNEP estimates the economic cost of the destruction of carbonrich mangroves, which are beingcleared 3 – 5 times faster than terrestrial forests, at $42 billion in economic damages annually.
Lima, December 9, 2014 The economic and social benefits of mangroves which are estimated to run into thehundreds of billions worldwide remain largely untapped due to a lack of carbon finance mechanisms, appropriatepolicy interventions, and rapid mangrove deforestation, according to a new United Nations EnvironmentProgramme (UNEP) report launched today at the 20th Conference of the Parties on Climate Change.
The Guiding Principles for Delivering Coastal Wetland Carbon Projects finds that the potential economic, social andenvironmental gains from conserving mangroves ? 90 per cent of which are found in developing countries andmany of which are under threat ? including from mangrove inclusion in Reducing Emissions from Deforestationsand forest Degradation (REDD+) strategies and protecting and enhancing mangrove stores of carbon, still remainlargely underexploited.
UNEP estimates the economic cost of the destruction of carbonrich mangroves, which are being cleared 3 ? 5times faster than terrestrial forests, at $42 billion in economic damages annually.
The report argues that while policymakers and financial markets are beginning to take action, more needs to bedone to develop new methodologies for carbon accounting for mangroves and other coastal wetland ecosystems, toconserve mangroves, and to increase the profile of mangroves in REDD+ and the United Nations FrameworkConvention on Climate Change (UNFCCC).
UN UnderSecretaryGeneral and UNEP Executive Director Achim Steiner said, "As the latest Emissions GapReport makes clear, countries are increasingly aware of how much progress they need to make to limit a globaltemperature rise to 2°C. Developing countries have a major climate change mitigation and adaptation asset in theform of mangroves because they hold several times more carbon than terrestrial forests."
"What is needed now are the right carbon finance mechanisms, and policy interventions, in order to reap the trueeconomic, climate and social gains from this critical ecosystem, which we cannot afford to lose." he said.
"Part of the answer lies in ensuring, both nationally and internationally, that mangroves have a place in REDD+strategies and other low carbon development strategies such as National Appropriate Mitigation Actions (NAMAs),"he concluded.
The report makes clear that the management of coastal wetlands is a noregrets approach, with many additionalecosystem service benefits such as fisheries production and shoreline protection, which promote adaptation incoastal communities.
A number of coastal wetlands carbon project initiatives ? which include mangroves ? in their infancy in many partsof the world, including Kenya, Senegal, West Bengal, and Sumatra are already showing indications of success.
The Gazi Bay communityled carbon finance project in Kenya for the conservation, management and restoration of117 hectares of mangroves has so far sold certificates of 3000 tonnes of carbon dioxide (C02), with funds beingallocated to community projects and additional mangrove activities overseen by village leaders.
One of the many successes of the project has been a dramatic reduction in illegal harvesting of mangroves, and it ishoped that the success of the community based initiatives in these countries will pave the way for other developingcountries to start establishing new carbon projects to ensure sustainable ecosystem services to local communities.
However, according to a new report from UNEP, Carbon Pools and Multiple Benefits of Mangroves in Central AfricaAssessment for REDD+, many countries will be unable to access carbon incentives, improved governance, jobs,and a range of other benefits under the global REDD+ programme unless they include mangroves in their national
12/9/2014 Full Economic Potential of CarbonRich Mangroves Remains Untapped, Finds New UN Report UNEP
http://www.unep.org/newscentre/Default.aspx?DocumentID=2814&ArticleID=11103&l=en 2/3
definition of forests.
The report finds that the mangroves of Central Africa which are found in Cameroon, Gabon, the Republic of theCongo, Equatorial Guinea, Sao Tome and Principe, the Democratic Republic of the Congo, and Angola, could beamongst the most carbonrich ecosystems in the world, with an estimated release of 1,299 tonnes of C02 perhectare of cleared pristine mangrove.
Unfortunately between 2000 and 2010 it is estimated that over 100 million tonnes of C02 was released into theatmosphere with the clearing and degrading of 771.07km2 of mangroves in Central Africa, which not onlyrepresents a potentially significant economic loss in terms of uncapitalized carbon values, but has many other directeconomic and social costs.
The economic costs at the time of the research include US$ 11,286 per hectare in seawall replacement, and US$7,142 per hectare in benefits for protection of rural infrastructure against shoreline erosion (US$151,948 per hectarefor urban mangroves).
The social costs moreover are even greater for the region. As calculated by the Interagency Working Group onSocial Cost of Carbon, for the year 2015, the lower end estimate of the social cost of carbon is likely to be US$15,588 per hectare, with the higher estimates coming in at US$ 151,983 per hectare.
This means that with 437,300 hectares of mangroves, the climate benefits from Central African mangroves couldreach US$ 66 billion at upper estimates.
While these are not values that can be capitalized upon in a marketplace, they are values that are relevant to theglobal economy, and especially for local communities.
Fortunately, as efforts to conserve and restore mangroves receive greater attention worldwide, new satellitetechnology has been tested and proven effective in the monitoring of mangrove restoration. In a study conducted byUNEP, Monitoring the Restoration of Mangrove Ecosystems from Space, around 70 per cent of project sitesassessed showed positive restoration results, preventing the release of significant emissions of C02 into theatmosphere.
Combined with on the ground surveys, the satellite remote sensing technology could help policy makers monitor,evaluate, and where necessary take corrective action to ensure the restoration and conservation of mangrovesworldwide.
Key Report Takeaways
Guiding Principles for Delivering Coastal Wetland Carbon Projects
Coastal wetlands policy and management interventions can be deployed in all coastal settings to improvereductions in Greenhouse Gas (GHG) emissions and removals.
Mangroves and temperate tidal forests can be the focus of REDD+ actions, depending upon nationaldefinition of forest.
The consequences of sealevel rise need to be recognized and accounted for when planning and enactingcoastal wetlands carbon interventions.
Conservation of existing intact coastal wetlands carbon ecosystems is technically the simplest and mosteffective mechanism to manage carbon stocks, and provides the greatest ecosystem benefits.
There are only limited examples of coastal wetlands carbon ecosystem restoration interventions that accountfully for GHG and access carbon markets for finance.
The technical ability to successfully restore coastal wetland ecosystems today is available on a global level,even if it is not always applied.
To achieve a successful intervention, coastal wetland conservation or restoration should be planned with alandscape response to climate change in mind.
Project success is greatly increased if local community engagement and capacity building predates oraccompanies the intervention. Examples of good practice exist.
Key Report Takeaways
Carbon Pools and Multiple Benefits of Mangroves in Central Africa Assessment for REDD+
Explore the potential for including mangroves in the national definition of forests for each of the countries inthe region, in order for this ecosystem to be eligible for inclusion in national REDD+ strategies.
Include mangrove regions and pilot projects in national REDD+ strategies.
Understand and analyze mangrovespecific drivers of deforestation.
Develop national priorities for mangrove action in the region through a stakeholder engagementprocesswith governments, private sector, civil society, and local communities.
National priorities can provide the basis for decisions on activities to support through REDD+ strategies.
Implement the newlydeveloped Intergovernmental Panel on Climate Change GHG Inventory guidelines onwetlands in order to include mangroves in national Greenhouse Gas Inventories and NationalCommunications to the UNFCCC.
For more Information please contact:
12/9/2014 Full Economic Potential of CarbonRich Mangroves Remains Untapped, Finds New UN Report UNEP
http://www.unep.org/newscentre/Default.aspx?DocumentID=2814&ArticleID=11103&l=en 3/3
Shereen Zorba, Head of News & Media, [email protected] (mailto:[email protected]) +254788526000
Niamh Brannigan, News & Media, [email protected] (mailto:[email protected]) +254717733348
In Lima: Alejandro Laguna, Regional Information Officer for Latin America and the Caribbean, [email protected] (mailto:[email protected]) +51989025157
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