Studying financing flows for the conservation of Mediterranean seagrass meadows

Implementation

Mediterranean

August 2024 – Today

Official project name

Consultancy Study to Identify Financial Flows and Existing Financing Mechanisms Towards the Protection and Restoration of Seagrass Blue Carbon Ecosystems in the Mediterranean Sea

Coordinator(s)

Partner(s)

Project background

WWF’s efforts to conserve Mediterranean seagrass meadows

The Mediterranean region has over 2 million ha of seagrass meadows distributed along its coastlines. These meadows, particularly the ones of Posidonia oceanica, represent a key habitat for many marine species and have critically important roles as fish nurseries, carbon sinks and for coastal protection.

Mediterranean seagrass meadows suffer from the cumulative impacts of multiple stressors, including anchoring, water pollution, climate change and sedimentation. Efforts to protect these seagrasses have been insufficient in the region and innovative protection and restoration approaches are needed to ensure a successful recovery.

With the Mediterranean Blue Forests project, the WWF aims to reverse the trends of seagrass ecosystem degradation and to remove key barriers to their natural restoration by advocating for the adoption of national level policies and measures to protect meadows; implement solutions to diversify the income of local communities; and pilot innovative and scalable Blue Carbon financing opportunities.

BlueSeeds assessed and mapped the financial flows dedicated to the protection and restoration of blue carbon ecosystems like seagrass meadows in the Mediterranean.

Our achievements

Studying financing flows for the conservation of Mediterranean seagrass meadows

BlueSeeds was commissioned to use its expertise in environmental finance and marine conservation financing to assess and map the financial flows (both public and private) dedicated to the protection and restoration of seagrass blue carbon ecosystems in the whole Mediterranean Region. This included identifying the sources and amounts.

Our team assessed current private and public financial flows towards the protection and restoration of these ecosystems, mapped existing conservation funds and financing mechanisms, and produced a set of recommendations towards the development of future seagrass financing mechanisms.

Particular attention was given to the governance models and codes of ethics that govern existing and future funding mechanisms.

This is a staging enviroment

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