Why “Blue Carbon” Credits May Be Poised to Take Off

Why “Blue Carbon” Credits May Be Poised to Take Off
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Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters. This story was originally published by Yale E360 and is reproduced here as part of the Climate Desk collaboration. Off the shores of Virginia, vast meadows of seagrass sway in the shallow waters. Over the past two decades, conservation scientists have spread more than 70 million seeds in the bays there, restoring 3,600 hectares (9,000 acres) of an ecosystem devastated by disease in the 1930s. The work has brought back eelgrass ( Zostera marina )—a keystone species that supports crustaceans, fish, and scallops, and is now absorbing the equivalent of nearly half a metric ton of CO2 per hectare per year. Now, the Virginia Nature Conservancy is aiming to turn those tons into carbon credits that it can sell for cash. The collaborative project — with planting done by the Virginia Institute of Marine Science (VIMS) and the Nature Conservancy, and long-term carbon data provided by the University of Virginia—is the first seagrass project in the world to apply for carbon credit certification with the Washington-based nonprofit Verra, the world’s largest overseer of carbon […]

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