Blue Carbon ecosystems, as powerful carbon sinks, can play a vital role in supporting economies, jobs, and livelihoods. For these reasons, the World Bank Group prepared the flagship report Unlocking Blue Carbon Development: Investment Readiness Framework for Governments, which aims to support governments on their pathway towards Blue Carbon readiness and to scale up public and private sector investments in coastal Blue Carbon. Ghana is a country with a high potential for accelerating Blue Carbon action and support, including through carbon finance. It already has experience in carbon finance in general, notably under Article 6 of the Paris Agreement, as well as in results-based finance, notably REDD plus. This puts Ghana in the list of countries where the global Blue Carbon Readiness Framework is not a concept but a tested reality. This report, Ghana: A Blue Carbon Readiness Assessment, applies the global Blue Carbon Readiness Framework to help Ghana further tap its Blue Carbon potential by addressing technical, institutional, regulatory, and financial challenges in parallel.
Authors
- Citation
- “ World Bank . 2024 . Ghana: A Blue Carbon Readiness Assessment . © Washington, DC: World Bank . http://hdl.handle.net/10986/42361 License: CC BY-NC 3.0 IGO . ”
- Collection(s)
- Other Environmental Study
- DOI
- https://doi.org/10.1596/42361
- Identifier externaldocumentum
- 34395935
- Identifier internaldocumentum
- 34395935
- Pages
- 100
- Published in
- United States of America
- Region country
- Ghana
- Report
- 193742
- Rights
- CC BY-NC 3.0 IGO
- Rights Holder
- World Bank
- Rights URI
- https://creativecommons.org/licenses/by-nc/3.0/igo
- UNIT
- Planet - GLOBAL ENR PM (SENGL)
- URI
- https://hdl.handle.net/10986/42361
- date disclosure
- 2024-11-05
- region administrative
- Africa Western and Central (AFW)
Files
Table of Contents
- _Hlk161162633 29
- _Hlk152096704 48
- Abbreviations 8
- Executive Summary 9
- The Blue Carbon Context 17
- Readiness Structure 19
- 3.1 20
- Data and Analytics: Blue Carbon Ecosystems (Pillar 1A) 20
- 3.1.1 Ghana’s Blue Carbon Ecosystems 20
- 3.1.2 Data Capacity 23
- 3.1.3 Loss Drivers 25
- 3.1.4 Socioeconomic Valuation of BCEs 27
- 3.2 31
- Data and Analytics: GHG Inventory (Pillar 1B) 31
- 3.2.1 Greenhouse Gas Inventory 32
- 3.2.2 REDD+ and Forest Reference Level (FRL) 32
- 3.2.3 Achievement and Areas for Improvement 33
- 3.3 35
- Policy and Institutions (Pillar 2) 35
- 3.3.1 NDC Commitments 36
- 3.3.2 NDC Implementation 37
- 3.3.3 National Forest Plantation Strategy 40
- 3.3.4 Ghana’s REDD+ Strategy 40
- 3.3.5 Adaptation and Biodiversity Strategies 41
- 3.3.6 Marine Spatial Planning and the Blue Economy 42
- 3.3.7 Tenure and Legal Protection for Blue Carbon Ecosystems 45
- 3.3.8 Community Governance 51
- 3.3.9 Community Benefit Sharing and Carbon Rights 52
- 3.3.10 Institutional Framework 54
- 3.3.11 Achievements and Areas of Improvement 57
- 3.4 60
- Finance (Pillar 3) 60
- 3.4.1 Blue Carbon Finance Strategy 61
- 3.4.2 Operationalized Funding Tools 61
- 3.4.3 National REDD+ Strategy 61
- 3.4.4 Blended Finance 63
- 3.4.5 Donor Funding 65
- 3.4.6 Carbon Markets as Means of Investment 68
- 3.4.7 Other Funding Opportunities 73
- 3.4.8 Achievements and Areas of Improvement 73
- Recommendations 75
- 4.1 75
- Pillar 1: Data and Analytics 75
- 4.2 79
- Pillar 2: Policy 79
- 4.3 83
- Pillar 3: Finance 83
- Bibliography 86
- Appendices 93
- Appendix 1 94
- Decision Tree 94
