Carbon markets, social carbon, biodiversity premiums and other PES schemes have created new opportunities for achieving triple wins: climate change adaptation, mitigation and sustainable development. However, there remains scant evidence of the fiscal and regulatory mechanisms required to deliver the incentives and governance conditions for leveraging coastal zone CCD through these emerging PES markets.
The iCoast project is conducting evidentiary analysis in Sri Lanka and Kenya of the social, cultural, political, economic and environmental barriers to CCD implementation at the coastal zone; developing cost-curves of applying CCD to the coastal zone using newly tested benefit transfer methodologies; mapping the fiscal and regulatory mechanisms necessary to achieve CCD in the coastal zone of Kenya and Sri Lanka under different market scenarios; and mapping the value of coastal landscapes and their potential to support CCD in the coastal zone highlighting priority areas for attention in the short, medium and long-term national strategies.
LTS is leading on the policy analysis and the economic analysis of this project in Kenya and Sri Lanka.
For a full executive summary of the project please download the project overview here.
The policy brief “What the Future Holds”, which was a key output of this project, can be downloaded here.