Skip to main content Skip to main navigation Skip to search

Queensland and NSW floods 2022

Visit recovery.gov.au to see what help is available.

Close
Home

Top navigation main

  • News & media
  • Jobs
  • Ministers
  • Contact us
Main menu

AWE Main

  • Climate change
    Climate change Driving climate action, science and innovation so we are ready for the future.
    • Climate science and adaptation
    • Australia's climate change strategies
    • Emissions reduction
    • Emissions reporting
    • International commitments
    • Climate Active
    • Climate change publications and data
    • Australian Greenhouse Emissions Information System (AGEIS)
    Stronger action on climate change

    Stronger action on climate change

    See how the Australian Government is committed to taking more ambitious action on climate change.

    Find out more

  • Energy
    Energy Building a secure and sustainable energy system for all Australians.
    • Energy policy in Australia
    • Energy ministers
    • Renewable energy
    • Energy publications
    • energy.gov.au
    • Energy Rating
    • Commercial Building Disclosure Program
    • Nationwide House Energy Rating Scheme (NatHERS)
    • Your Home
    Save on your winter energy bills

    Save on your winter energy bills

    Making energy-smart choices can reduce winter’s impact on your wallet.

    Find out more

  • Environment
    Environment Improving stewardship and sustainable management of Australia’s environment.
    • Bushfire recovery
    • Climate change and the environment
    • Biodiversity
    • EPBC Act
    • Environmental information and data
    • International activities
    • Invasive species
    • Land
    • Marine
    • Partnerships
    • Protection
    • Report a breach of environment law
    • Threatened species & ecological communities
    • Waste and recycling
    • Wildlife trade
    Waste exports

    New waste plastic export regulations

    The Australian Government works to reduce waste plastics and turn that waste into valuable products.

    Find out more

  • Water
    Water Improving the sustainable management of Australia’s water supply for industry, the environment and communities.
    • Coal, Coal seam gas (CSG) and water
    • Commonwealth Environmental Water Office
    • Water policy and resources
    • Wetlands
    Water matters

    Water Matters

    Keep up with the latest news on the department's work in managing Australia's water resources.

    Read the latest edition here

  • Parks and heritage
    Parks and heritage Managing Australia’s iconic national parks, historic places and living landscapes.
    • Australian Marine Parks
    • Australian National Botanic Gardens
    • Booderee National Park
    • Kakadu National Park
    • Christmas Island National Park
    • National parks
    • Norfolk Island National Park
    • Heritage
    • Pulu Keeling National Park
    • The Great Barrier Reef
    • Uluṟu-Kata Tjuṯa National Park
    The reef

    Great Barrier Reef

    Australia is protecting and conserving this World Heritage Area.

    Find out more

  • Science and research
    Science and research Undertaking research and collecting data to support informed decisions and policies.
    • Climate change
    • Australia's biological resources
    • National Environmental Science Program (NESP)
    • Our science strategy
    • Australian Biological Resource Study (ABRS)
    • State of the Environment (SoE) reporting
    • Bird and bat banding
    • Supervising Scientist
    Our climate is changing

    Our climate is changing

    Find out more about how climate science helps Australians with the impacts of climate change.

    Find out more

  • About us
    About us We lead Australia’s response to climate change and sustainable energy use, and protect our environment, heritage and water.
    • Accountability and reporting
    • Assistance, grants and tenders
    • Contact us
    • Fees and charges
    • News and media
    • Our commitment to you
    • People and jobs
    • Publications
    • What we do
    • Who we are
    Our department has changed

    Our department has changed

    Learn more about our roles and responsibilities.

    Find out more

  • Online services
    Online services We do business with you using online platforms. This makes it easier for you to meet your legal requirements.
Department of Climate Change, Energy, Enviroment and Water

Breadcrumb

  1. Home
  2. Climate change
  3. Climate change policy
  4. Ocean Sustainability and Climate Change
  5. Coastal Blue Carbon Ecosystems
  6. Blue Carbon Conservation, Restoration and Accounting Program
  7. Blue Carbon Accelerator Fund

Sidebar first - EN - Climate change

  • Climate change
    • Climate change policy
      • Adapting to climate change
        • National Climate Resilience and Adaptation Strategy
          • Adaptation across domains
        • Adapting Australia's unique environment to climate change
        • Publications and resources
      • Climate science
        • Understanding climate change
        • Future climate change
      • Environment and climate change
      • Oceans and climate change
        • Coastal Blue Carbon Ecosystems
          • Blue Carbon Conservation, Restoration and Accounting Program
            • Blue Carbon Ecosystem Restoration Grants
            • Blue Carbon Accelerator Fund
          • International Partnership for Blue Carbon
      • Nature-based solutions for climate
        • Financing Solutions for Nature
      • Climate services and tools
      • International adaptation

Blue Carbon Accelerator Fund

The Blue Carbon Accelerator Fund (BCAF) supports the development of blue carbon restoration and conservation projects in countries outside Australia and help pave the way for private sector finance.

The Blue Carbon Accelerator Fund provides funds for:

  1. Readiness support that will help project developers with activities to get projects ready for implementation and future private sector finance.
    At the 2022 United Nations Ocean Conference, the first successful projects for readiness support were announced.
    Project Proponent Project Summary What BCAF will achieve
    Benin
    Eco-Benin
    This project is aiming to use carbon credits to help finance the conservation and protection of mangrove forests in Bouche du Roy, a MAB UNESCO biosphere reserve. With the support of BCAF, the project will go through an extensive feasibility assessment process to determine if it can meet certification requirements – a key first step towards attracting further investment in the project and eventually selling carbon credits in the voluntary market.
    Madagascar
    UNIMA, WWF and TERAKA
    This project is planning to protect and restore 2,000 ha of mangrove forest across three sites on the north-western coast of Madagascar. Between 2000 and 2018, Madagascar experienced an overall net loss of mangroves of nearly 60,000 ha, which corresponds to a loss of 20% of its mangrove area. Beyond the protection and restoration of mangroves and the development of a new income stream from carbon credits, this project will also help increase fish stocks, protect freshwater and increase habitat for biodiversity, including threatened species (as classified by the IUCN Red List). The mangroves will also provide a basis for crab farming, offering further income opportunities for local communities.
    Peru
    Consorcio Manglares del Noroeste del Perú
    In Peru, a partnership formed by six artisanal fisher’s organisations has been in charge of managing the National Sanctuary Manglares de Tumbes since 2018. The Sanctuary protects the largest area of mangrove forest in Peru and is a Ramsar site. With the support of BCAF funding, the project will be able to verify the carbon sink capacity of the area and pursue certification, which will allow the project to start selling certificates in the voluntary market. In addition, BCAF will also help fund a master plan for the management of the area, as well as a business plan that will ensure financially sustainable management of the area.
    Philippines
    Zoological Society of London (ZSL) and Coast4C
    In the Philippines, ZSL and Coast4C are working to combine their proven conservation and rehabilitation approaches to protect and restore large areas of mangrove forest using their assisted natural regeneration approach. With the support of BCAF, the project will conduct a detailed feasibility assessment to determine the financial viability of scaling up and commercialising their blue carbon project. The feasibility assessment will include technical mapping and carbon modelling, as well as commercial analysis, and is a crucial first step towards carbon certification.
  2. Implementation support for on-the-ground blue carbon ecosystem restoration or conservation projects that will demonstrate and measure benefits for climate, biodiversity and people, and enhance the business case for private sector investment in coastal blue carbon ecosystems.

Australia is working in partnership with the International Union for the Conservation of Nature (IUCN) to deliver the BCAF and support on-the-ground restoration and conservation activities.

The BCAF builds on the strong work and templates for success of the Blue Natural Capital Financing Facility (BNCFF), and will be managed in parallel to the BNCFF.

Find out more about the BCAF implementation support from the IUCN.

Apply for implementation support before 7 September 2022.

Thanks for your feedback.
Thanks! Your feedback has been submitted.

We aren't able to respond to your individual comments or questions.
To contact us directly phone us or submit an online inquiry

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Please verify that you are not a robot.

Skip

Footer

  • Contact us
  • Accessibility
  • Disclaimer
  • Privacy
  • FOI
Last updated: 25 July 2022

© Department of Climate Change, Energy, the Environment and Water

We acknowledge the Traditional Owners of country throughout Australia and recognise their continuing connection to land, waters and culture. We pay our respects to their Elders past, present and emerging.