iCoast: Understanding the fiscal regulatory mechanisms necessary to achieve climate compatible development in the coastal zone
Project Reference: RSGL-024D
Coasts are regions of great importance for human well-being and are of national economic importance for coastal states. Coastal ecosystems provide numerous ecosystem services supporting a significant proportion of the world’s population, particularly in developing countries, but are some of the most vulnerable areas to climate change.
Despite their importance, coastal zones are becoming increasingly degraded, undermining development and climate resilience. The destruction of mangroves, for example, is negatively affecting subsistence and commercial fisheries, aquaculture and disaster risk reduction efforts, while simultaneously contributing to global deforestation emissions at a rate which is vastly disproportionate to mangrove coverage.
Carbon markets, social carbon, biodiversity premiums and other payments for ecosystem services (PES) schemes have created new opportunities for achieving triple wins – that is, 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 necessary for leveraging coastal zone CCD through these emerging PES markets.
In light of this, the iCoast project will:
- Conduct evidentiary analysis in Sri Lanka and Kenya of the social, cultural, political, economic and environmental barriers to CCD implementation at the coastal zone
- Develop cost-curves of applying CCD to the coastal zone using newly tested benefit transfer methodologies
- Map the fiscal and regulatory mechanisms necessary to achieve CCD in the coastal zone of Kenya and Sri Lanka under different market scenarios
- Map 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
Lead: Edinburgh Napier University, Prof. Mark Huxham
Partners: Prof. Loku Jayatissa. Ruhuna University, Sri Lanka; Dr. James Kairo, Kenya Marine Fisheries Research Institute, Kenya; Lesley King, LTS International, UK; Dr. Fiona Nunan, Birmingham University, UK.
CDKN funding: £375,000
CDKN Contact: Phil Lewis firstname.lastname@example.org