🌊 CCMI and Butterfield Bank collaborate on blue carbon offset project

The Central Caribbean Marine Institute (CCMI) has teamed up with Butterfield Bank to explore the implementation of a carbon offset and ecosystem-based restoration scheme in the Cayman Islands. The initiative aims to counteract climate change effects, particularly in vulnerable habitats like reefs. Carbon offset schemes allow businesses to offset their carbon emissions by investing in the conservation or restoration of natural habitats that store and cycle carbon. 🌿

Blue carbon offset applies this concept to oceans and marine habitats, which account for 93% of the planet's carbon storage and cycling, according to CCMI scientists. Given the vast marine area and high level of carbon sequestration in the Cayman Islands, the region is well-positioned to implement such strategies effectively. The CCMI's Blue Carbon Offset and Biodiversity Programme will explore the potential of tropical marine habitat restoration for carbon sequestration and develop local initiatives that engage stakeholders in carbon offset and biodiversity activities. 🐠

The ultimate goal is to create a model that enables companies to obtain certified carbon credits through ecosystem-based marine restoration. This would provide local and international companies with the evidence needed to invest in sustainable blue carbon offset schemes that support marine habitat restoration in the Cayman Islands. The blueprint could then be shared regionally to promote greater climate action on the international stage. 🌎