Natural capital, including “blue carbon”, is the next financial market, according to former International Monetary Fund assistant director and economist Ralph Chami. Māori and Pasifika are the custodians of the world’s biggest blue carbon real estate - the Pacific Ocean, Te Moana-nui-a-Kiwa.
“Now the world is awakening to the fact that the industrial revolution was hugely detrimental for the planet and for people, Conservation International Aotearoa vice-president Mere Takoko says. And so they really are looking to Indigenous people who actually look after the world’s last remaining biodiversity.” What sea grass, salt marshes, mangroves, kelp forests and majestic whales have in common is that they are all living things that sequester carbon, particularly ‘blue carbon’.
Read more
