The 2030 Mangrove Breakthrough

Invest USD 4 billion to restore and protect 15 million hectares of mangroves by 2030*

Why mangroves? Take Action

The Mangrove Breakthrough Financial Roadmap

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Acknowledging some of the organizations working towards this future

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Accelerating the Mangrove Breakthrough
Achieving the 2030 Breakthrough

Invest USD 4 billion to halt loss, restore half, double protection of 15 millions hectares of mangroves by 2030

In crafting these Breakthroughs, we acknowledge their interconnected nature, and alignment with our Resilience Breakthroughs.

SUPPLY


  1. Project-level action #1: At least 50% of the largest companies in each ocean economy sector are publicly reporting on environmental impacts, impacts to mangroves, and actions taken to reverse mangroves loss by 2030.
  2. Project-level action #2: Infrastructure/coastal development integrates technology and nature-based solutions through green-gray infrastructure plans that restore mangroves
  3. Project-level action #3: Aquatic food production (i.e., seafood and aquaculture) should employ biodiversity positive practices and take action as per the mitigation hierarchy to avoid, minimise and mitigate impacts on, protect, or restore mangroves within the area of operations.
  4. Project-level action #4: To address escalating climate risks in coastal settings, countries must consider adaptation approaches that integrate both nature and technology.
  5. Project-level action #5: By 2030, a total of 7 Mha of coastal wetlands are under restoration, increasing to 29 Mha by 2050, relative to 2018.
DEMAND


  1. Project-level action #1: Blue Carbon Buyers Alliance can send a strong demand signal to help scale carbon markets, explicitly recognizing the the value of these ecosystems. (1)
  2. Project-level action #2: There needs to be greater market transparency, which builds investors' confidence that the funds are reaching conservation projects on the ground.
  3. Project-level action #3: New financial mechanisms—like carbon markets, blue bonds, and insurance based Investments—, and ‘blended’ finance models which combine private capital with philanthropic or government grants are developed to de-risk investments in the short-term
  4. Project-level action #4: The private sector needs to recognize mangroves as assets and to increase investment in protection and restoration.
FINANCE


  1. Project-level action #1: Governments need to build mangrove management into policy, planning and law, allowing for local use, and halting harmful subsidies.
  2. Project-level action #2: Since financing for adaptation remains less than 5% of total climate finance for cities, green municipal bonds, a financial product that is familiar to investors, may offer municipalities access to finance, among other alternative financing mechanisms
  3. Project-level action #3: In addition to the Mangrove Breakthrough financing need of 4 billion USD by 2030, 11.2 billion USD needed over the 20-year period from 2020 to around 2040 to restore mangroves globally
  4. Project-level action #4: Business models for aquaculture, tourism, and other ocean economy sectors need to be developed or revised for bankability
  5. Project-level action #5: The financial value that mangroves offer to investors should be directly embedded into investment decision-making
  6. Project-level action #6: Explore further ways to invest in mangroves, in particular focusing on opportunities for nature-based investment funds; the issuance of blue bonds; the development of insurance and reinsurance products; carbon markets; and the use of strategic philanthropy.
  7. Project-level action #7: Carbon markets are scaled, transparent (see Demand section)
  8. Project-level action #8: Develop credible narratives (such as the Irrecoverable Carbon narrative) showing that the value of mangroves is so great that ensuring their long-term protection is an investment. One that will pay out dividends immediately and in perpetuity.
POLICY


  1. Project-level action #1: All practical implementation of mangrove conservation and restoration dependson action on the ground, and legal frameworks and management approaches are tailored to a local context, and ensure community engagement.
  2. Project-level action #2: An increasing number of mangrove countries should be seen as ‘sovereign natural asset owners’ that can leverage the value of their mangroves to meet their own decarbonisation targets or use them to earn income through carbon trading — especially as emerging bilateral carbon trading agreements that are expected to play a greater role in global decarbonisation. However, in order to benefit, these governments must recognise the value of their mangrove stocks in their Nationally Determined Contributions (NDCs), as they update these as part of the COP process.
  3. Project-level action #3: Governments should pair policies that limit the supply of public lands available for conversion with those that increase the costs associated with illegal degradation through fines or other mechanisms that make the cost of degradation.
  4. Project-level action #4: Establishing, expanding, or strengthening limitations on harmful human activities within marine protected areas prohibiting coastal wetlands conversion, and recognizing that other effective conservation measures, like locally managed marine areas, can help reduce loss of these ecosystems.
  5. Project-level action #5: Strengthening institutions, ensuring policy coherence, and reducing corruption can improve enforcement.
  6. Project-level action #6: Disincentivize land uses that compete with mangroves, in particular, governments can also support “land-sparing” measures that sustainably intensify aquaculture and agriculture production, which together accounted for nearly half of global mangrove deforestation from 2000 to 2016.
  7. Project-level action #7: Spatial planning used to optimise aquaculture siting, incentivizing productivity gains through tax credits and subsidies, investing public funds in sustainable agricultural research and development, strengthening shrimp and rice pond regulations, and developing monitoring systems to reduce harmful impacts to nearby ecosystems.
  8. Project-level action #8: Urban planning policy and practices for disaster risk reduction (e.g. zoning regulations—such as establishing no-build zones, requiring setbacks from the shoreline, or allowing landowners to transfer their development rights from one “managed retreat” zone that contains coastal wetlands to another “accommodation zone”) that limit the outward expansion of cities, coupled with policies that encourage residents to retreat from the shoreline, can also help relieve the pressure of competing demands on these ecosystems.
  9. Project-level action #9: The forthcoming Climate and Policy Dashboard will display a growing amount of policy data, illustrating how mangrove restoration and conservation could help individual countries to meet key policy goals.
  10. Project-level action #10: In two major UN Decades through 2030, the UN Decade on Ecosystem Restoration and the Ocean Science for Sustainable Development, track and monitor progress through the Global Mangrove Watch, develop more ambitious goals for mangrove protection, enhance management of existing protected areas that are poorly managed and fail to prevent mangrove loss and degradation.
  11. Project-level action #11: Future ambition from the GMA to double protection includes the need to recognize and include Other Effective Area-Based Conservation Measures (OECMs) that can offer de facto protection alongside more traditional protected areas.
CIVIL SOCIETY


  1. Project-level action #1: Raising public awareness of the benefits coastal wetlands provide to shoreline communities is crucial.
  2. Project-level action #2: Policymakers, the private sector, and local communities must recognize the overlooked, often undervalued benefits that ecosystems provide
  3. Project-level action #3: Promote the adoption and scaling up of nature based solutions that highlight mangroves.
  4. Project-level action #4: The private sector needs to recognize mangroves as assets and to increase investment in protection and restoration.
  5. Project-level action #5: NGOs and advocacy groups need to both raise awareness and catalyze funding and protection, while the academic and research community must prioritize supporting such efforts with data, models and tools.
  6. Project-level action #6: The public, world-wide, must advocate for mangroves, generating interest, sharing stories of their immense value, and demanding their safeguarding.
  7. Project-level action #7: One proven framework for approaching restoration is “community-based ecological mangrove restoration” where communities are employed to do the boots-on-the-ground work while local barriers to natural regeneration are eliminated.
  8. Project-level action #8: Support communities in their efforts to restore and steward their mangroves while deriving sustainable livelihoods from the restored ecosystem
  9. Project-level action #9: Outreach to communities about the multiple services mangroves provide and supporting communities to leverage these ES to truly unlock the value that mangroves provide.

FURTHER READING

A breakthrough moment for mangroves: Delivering Global Action on Mangrove Restoration and Protection

Dubai, UAE, 10th, December, 2023: COP28 made significant progress towards securing the Mangrove Breakthrough’s goal of 15 million hectares of mangroves underpinned by USD 4 billion of new investments by 2030. Global mangrove protection and restoration has secured significant support of over 40 new governments via the Mangrove Breakthrough leading to and at the UNFCCC […]

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Climate Week NYC: Salesforce announces support for Mangrove Breakthrough

At Climate Week NYC, Salesforce, in partnership with Climate Policy Initiative (CPI), launched a Corporate Climate Finance Playbook to help companies unlock multiple forms of capital to accelerate climate action.

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Scaling mangrove finance on the road to COP28

With four months until COP28, partner organizations of the Mangrove Breakthrough recently met to accelerate efforts to unlock $4 billion USD in funding and secure the future of 15 million hectares of mangrove forests by 2030.

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The Mangrove Breakthrough: a call to action for a critical ecosystem

 The Global Mangrove Alliance (GMA) in collaboration with the UN Climate Change High-level Champions have identified the need for a unified global approach towards mangrove conservation and calling for signatories to the “Mangrove Breakthrough” being launched today at COP27.

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