14 OPINION
@ green | SEPTEMBER-OCTOBER . 2023
The untapped blue carbon opportunity
Malaysia has 16 seagrass species and is third in the world for seagrass diversity
BY KEVIN HOR
IT TOOK a trip to KLPAC for a show called “ Seruan Setu ” to first educate this author on the existence of seagrass and how it is becoming increasingly endangered .
While the original intent of attending the show at KLPAC was to be mesmerised by some form of theatrical performance , the author was pleasantly captivated by the narratives of seagrass and its importance to marine life and coastal communities .
Malaysia has 16 seagrass species and is third in the world for seagrass diversity . While the author was not surprised at Malaysia ’ s biodiversity achievements and learning that the seagrass ecosystem is threatened , what was surprising , however , was that this information was so far off the radar of regular reading of the author .
What attracted this author ’ s interest in seagrass was its ability to contribute towards offsetting CO2 emissions significantly and provide shoreline protection , improve water quality , and provide a habitat for fish populations .
Shell-shocked at my ignorance , I began searching for journal papers and any other general information I could trawl off the internet , only to find that seagrass knowledge has close links with mangrove-related materials . Further reading unravelled more details on linkages with other nature-based solutions and the different carbon offset schemes available and supported by individuals and corporates worldwide .
While the author does not claim to be an expert in seagrass , the author feels that it could be quite a shame should others such as himself not be made aware of seagrass and its possibility as an alternative naturebased solution in mankind ’ s climate change mitigation possibilities .
Q1 : Are carbon offsets from seagrass projects worth the effort and time ? Carbon sequestered in coastal ecosystems is commonly referred to as Blue Carbon . In a paper published by Stankovic et al . 2021 , seagrass was reported to be able to store carbon for centuries . In contrast , seagrass meadows contribute to 10-18 per cent of the total ocean oceanic carbon burial despite covering less than 0.1 per cent of the entire ocean floor . These staggering performance figures resulted in the author ’ s interest to consider them an earth-shattering carbon offset programme . Still , would seagrass projects suffer the same fate as forestry credits , which have received widespread criticism recently for overstating their CO2 reduction abilities ?
Q2 : Are blue carbon offsets worth their pound of flesh ? We often hear about tree planting and other forestry-related carbon projects promoted as carbon sinks . However , as timber is a commonly used commodity in economic development , it does not seem directly plausible for large-scale projects to be economically attractive given the economic opportunity cost to avoid cutting a tree down . The tree must be permanently maintained and never removed for carbon to be captured and stored . Forestry projects could suffer from an economic versus environmental dichotomy . However , could the same be said of seagrass projects ?
Detractors of blue carbon argue that uncertainties in measuring carbon flows in coastal systems are much higher than in emissions in other sectors . Changes in coastal systems , permanence and leakage make conducting measurement and verification activities challenging .
Q3 : Can we agree on the environmental and social benefits of seagrass ? Isn ’ t it sufficient for parties who trade on a willing buyer willing seller basis a fair compensation for maintaining and protecting such a coastal ecosystem without further scrutiny and criticism ? Is seagrass a commodity ? Why be pedantically strict about measuring and verifying its carbon potential if not ? Why should this be subject to an exact science , given that the consensus is that having / conserving such a coastal ecosystem is good for the world ? If international negotiations since the Kyoto Protocol have not produced a vibrant carbon market , why should extraneous attention be given to measurement and verification ?
Q4 : Could there be consequences for not decoupling the tangible economic benefits of seagrass with a need for action ? There seems to be a lack of consensus that for the world to sustain further CO2 growth , more significant CO2 mitigation and adaptation activities must be implemented . No economy can bear the brunt of slower growth , let alone zero growth . Germany ’ s energy dilemma is a conundrum that leaves many wondering if a silver bullet exists for humanity ’ s climate challenges .
The paper by Stankovic et al . 2021 predicted that all meadows will disappear by 2060 under the current loss rate . Is current literature sufficient to compel immediate action to preserve seagrass meadows ? Are the economic benefits sufficiently significant to drive activities ?
It is challenging to generate economic incentives for conserving coastal ecosystems such as seagrass because many of the improvements in water quality and increased habitat for marine life do not have a market price . Should it , therefore , be possible for blue carbon to become the tool to incentivise the preservation of such land ?
Q5 : Where should policymakers stand on this matter ? Like forest and agricultural projects , offset credits are the defacto emissions trading scheme for seagrass projects , which face low-cost offsets regardless of the origin of the credits .
A marketplace place and conservation approach coupled with an origination story behind the creation of the credits must be promoted to support the broader strategic priorities of such projects . Japan will , in 2024 , begin to account for blue carbon in the national inventory calculations . As a resource-rich country such as Malaysia , it may seem like a loss opportunity to not account for such contributions in Malaysia ’ s inventory .
Of the possible nature-based solutions evaluated by companies worldwide , such as algae , payment for ecosystem services and forestry carbon offsets , it makes one wonder if seagrass conservation and seagrass meadow cultivation might be a better solution or prioritised since shoreline protection , improved water quality as well as protection of habitat for fish populations are directly beneficial to our economic growth and yield shorter returns ?
AUTHOR ’ S HOPE
Carbon flows within the highly variable environment in the coastal zone raise questions about whether emissions and removals are natural and which are anthropogenic . It makes it very difficult to measure , coupled with the lack of data in many developing countries , estimates of carbon sequestration are highly uncertain .
Would Malaysia be able to monetise the carbon from seagrass protection and conservation ? Would Malaysia be able to increase tourism revenues by leveraging seagrass diversity ? What might the opportunities and investments be to develop baselines to support the creation of a seagrass carbon methodology for Malaysia ?
These questions remain unanswered , but it is hoped that readers will become more aware of such a lesser-known climate mitigation solution .
At the time of writing , Malaysia is not a member or partner of the International Partnership on Blue Carbon . With a greater demand for CO2 offsets , would it be a good time for Malaysia to participate and explore further CO2 offset generation sources actively ? – @ Green
Kevin Hor is a registered professional engineer and a registered electrical energy manager .