Carbon Credit Project Case Study - Reforestation And Restoration Of Degraded Mangrove Lands, Sustainable Livelihood And Community Development In Myanmar

Reforestation And Restoration Of Degraded Mangrove Lands, Sustainable Livelihood And Community Development In Myanmar

Blue Carbon ยท VCS1764Understanding high quality credits
Mangrove restoration project

Strengths

Strong biodiversity
Verified carbon sink
Robust measures against non-permanence risks
Run by skilled, local experts, with development and livelihood in biodiversity
SDG 8Decent Work and Economic Growth
SDG 13Climate Action
SDG 14Life Below Water
*AA - Very high likelihood of achieving 1 tonne of CO2e avoided or removed
AA
BeZero

TYPE:

Mangroves restoration / Conservation

Project location map
Source: WIF foundation

PROJECT LOCATION:

16 villages in Ayeyarwady Region in Myanmar

PROJECT DURATION:

2018 to 2048

REDUCTION / REMOVAL:

Both

METHODOLOGY:

AR-AMS004

ABOUT:

Restoring the degraded mangrove landscape covering 2,065 ha. It involves planting about 9.1 million mangrove trees in the Magu, Thabaung, and Thaegone village tracts.

ISSUANCES REMAINING

44,345
Buffer Pool
32,882
Credits issued
211,636
Credits retired
167,291
79%
Credits retired
21%
Credits remaining
Carbon credit retirement vs remaining gauge79% of credits retired compared to 21% remaining.
Source: VCS
1 Carbon Sequestration

Mangroves highly effective at sequestering carbon due to the dense biomass and rich soil carbon storage capacity of mangrove ecosystems. This makes them valuable for climate change mitigation.

2 Low permanence risk

The project has a low permanence risk and adequate buffer pool of 24%. The project uses a 30-year land use agreements ensure sustained restoration, reducing the risk of reversal.

3 Low additionality risk

The project used conservative assumptions in its baseline scenario. The project is implemented by WIF, a non-profit organization, with no financial return other than carbon credits. The mangroves were degraded and not being restored prior to the project.

4 Community and biodiversity

The project has engaged over 11,000 people across 16 villages and provides significant socio-economic benefits. The restoration of mangrove ecosystems supports the recovery of biodiversity, including fish, birds, and other wildlife. Mangroves filter pollutants and improve water quality.