UNEP today announces a report which highlights the importance of the ocean in the role of carbon sequestration, and also of the role that markets can perform.
"The Blue Carbon report, compiled in
collaboration with the Food and Agricultural Organization (FAO) and the
United Nations Educational, Scientific and Cultural Organization
(UNESCO), puts some hard figures on the carbon capturing potential of
the marine environment and on the impact of marine degradation on
It also outlines the way markets might begin
paying developing countries for conserving and enhancing the marine
environment's carbon capture and storage services (CCS) and the links
between healthy oceans and adaptation to climate change.
Currently, several developed countries are
considering spending billions of dollar on CCS at power stations while
the CCS services of natural systems, such as the seas and oceans, are
tested and probably more cost effective."