Mangrove Restoration Needs a New Financial Model Beyond Simple Planting | Blue Carbon Finance
teriin.orgIndia's mangrove cover declined by 7.43 square kilometers between 2021 and 2023, even as government programs continue to fund simple planting exercises. The core problem is financial design: restoration requires money for site assessment, tidal-channel repair, monitoring, and long-term stewardship, but public budgets follow annual cycles that don't match ecological recovery timelines. Blue carbon finance can help bridge this gap, but carbon credits should be one part of a larger financing stack, not the sole revenue source. The article argues for a three-layer model: public funds for high-risk early restoration, concessional capital for implementation, and carbon revenue for ongoing protection and monitoring. It also makes the case for coastal industries, ports, and insurers to contribute through resilience funds, since they benefit directly from stable shorelines and reduced storm damage. Local communities should be paid for long-term stewardship through annual contracts linked to seedling survival and channel maintenance, rather than waiting years for uncertain carbon credit revenue. The article draws on TERI's work in the Sundarbans and Gujarat to show how credible baselines, conservative carbon accounting, and satellite verification can make these arrangements work.
