Search
Close this search box.

About the BCCC Quarterly

Released the first week of every new quarter, the BCCC Quarterly is a magazine-style newsletter that records the most important trends and developments regarding blue carbon and climate change policies and regulations in China, the U.S., and other regions, as well as international regimes such as the United Nations. It also includes two special sections — the ‘Theme of the Quarter’ and the ‘Blue Carbon Country Profile’ —  that aim to bring a fresh element to each issue.

2023 Quarter 3

Volume 2

Issue 3

- Theme of the Quarter -

Despite how slowly the climate change and blue carbon field evolves, both in the private and public sectors, there will inevitably be an identifiable trend of interest across a three month period. Thus, every quarter the ICAS Team will identify and summarize a major trend or long-term topic of interest relevant to the most recent quarter.

In addition to collections of relevant news summaries, government actions and statements, and scientific research activities, the theme includes an analytical commentary from our researchers on how this theme relates to other present-day developments, policy interests, climate change and environment concerns, and implications for the blue carbon field.

2023 Q3: The Rise of Carbon Crediting

By Zhangchen Wang

Over the third quarter of 2023, several countries around the world were seen making considerable progress on standardizing carbon credits trading and relevant policies. More countries are beginning to realize that the carbon credits trade is an effective means to balance economic development and reach net-zero greenhouse gas (GHG) emissions; a target being publicly attempted by many. For instance, governments have been establishing officially endorsed carbon credits exchanges to support their domestic carbon credits systems. The commercial value of the carbon credits trade has also attracted many private investors to invest in carbon reduction and carbon sequestration projects. Nevertheless, doubts and concerns regarding credibility, accountability, and long-term effectiveness also appeared ceaselessly in recent months. On the one hand, doubts are bringing negative impacts to the development of carbon credits. On the other hand, these debates also urge stakeholders to develop stricter standards for the measurement and trading of carbon credits, making the end products more conducive to the ultimate goal of combating climate change.

This BCCC Quarterly’s Theme of the Quarter, Rise of Carbon Crediting, aims to capture the recent developments in carbon credits development and trade industries by examining the growing attention and participation in carbon credit trades and analyzing the questions and challenges facing carbon crediting development worldwide. The Theme of the Quarter section also aims to capture the recent trends by including government statements and actions as well as third-party analyses on carbon crediting. The section concludes with a commentary arguing that carbon credits are a useful tool in combating climate change that should not be discounted.

- Blue Carbon Country Profile -

Given how ‘blue carbon’ is a relatively new subject to both scientists and policymakers, the ICAS Team wants to provide a collective view on how individual nations are recognizing, analyzing, and applying blue carbon at all levels of the government, through cross-border and international engagements, and in private sector and non-profit activities.

This profile is also intended to identify places that are in need of particular attention. It will conclude with issues that interested parties should pay attention to in the coming months and years, including areas that need improvement, potentials worth exploring as well as possibilities of bilateral and multilateral cooperation in both policymaking and scientific exploration.

2023 Q3: Pacific Island Countries and Territories

By Zhangchen Wang

Pacific Island Countries and Territories (PICTs) refers to a diverse group of 22 sovereign states and dependent territories situated in the Pacific Ocean. They are made up of thousands of small islands and, to varying extents, are home to considerable amounts of blue carbon ecosystems such as mangroves as well as other coastal ecosystems. Although their limited blue carbon ecosystem makes it difficult to describe these islands as crucial members in the realm of blue carbon, a healthy blue carbon ecosystem could help these vulnerable islands, which comparatively have very limited resources, to better cope with the dual threats of climate change and economic constraints. While PICTs holistically appear to have a limited knowledge of blue carbon and limited capabilities in blue carbon protection, several of their individual governments have already incorporated blue carbon-related protection and development agendas into their environmental policies and, in some cases, legislations. There are already efforts from international research institutes, corporations and NGOs regarding blue carbon protection in PICTs. Similarly, some foreign countries have also joined, or are considering joining, the blue carbon protection and development activities in the PICTs as these governments continue to display their dedication to protecting their coastal regions.

This quarter’s BCCC Blue Carbon Country Profile aims to help readers better understand government actions, private efforts, and international cooperation on the research, protection, and development of the blue carbon ecosystems in the Pacific Island Countries and Territories (PICTs). While demonstrating and acknowledging the attention that several PICTs have made on blue carbon ecosystems, mostly in the form of coastal protection, the country profile also offers insights into the future steps that PICTs could take to attract foreign investment to take its blue carbon initiatives to a higher level, as there is much potential yet untapped for this region.