THE ESTABLISHMENT AND FUTURE PROSPECTS OF BLUE CARBON OFFSET SYSTEM AT HAKATA PORT

A blue carbon offset system and a system in which a part of the entrance fee and donations from companies and others are used as financial mechanisms for environmental activities at Hakata Port were established. However, the blue carbon offsetting system is not sufficiently appealing to the ESG mana...

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Veröffentlicht in:Doboku Gakkai Ronbunshu. G, Kankyo = Journal of Japan Society of Civil Engineers. Ser. G, Environmental Research Ser. G (Environmental Research), 2021, Vol.77(2), pp.31-48
Hauptverfasser: SUGIMURA, Yoshihisa, KOBAYASHI, Tomoko, MITO, Yugo, YOSHIHARA, Satoru, OKADA, Tomonari, KUWAE, Tomohiro
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container_issue 2
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container_title Doboku Gakkai Ronbunshu. G, Kankyo = Journal of Japan Society of Civil Engineers. Ser. G, Environmental Research
container_volume 77
creator SUGIMURA, Yoshihisa
KOBAYASHI, Tomoko
MITO, Yugo
YOSHIHARA, Satoru
OKADA, Tomonari
KUWAE, Tomohiro
description A blue carbon offset system and a system in which a part of the entrance fee and donations from companies and others are used as financial mechanisms for environmental activities at Hakata Port were established. However, the blue carbon offsetting system is not sufficiently appealing to the ESG management of companies because it is difficult to convincingly explain the effects of the system since it is not placed under the framework of the Paris Agreement and the amount of credit generated and sold is small. It is difficult to motivate companies to donate as there is no incentive for donors. In this paper, we present solutions to these problems and the future prospect of expanding the system to evaluate the co-benefits of seagrass meadows to enable the implementation of environment conservation and creation projects on a self-financing basis.
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source Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals
subjects Blue carbon
blue carbon offset
Carbon
Carbon offsets
co-benefit
Companies
Financing
Hakata port
Paris Agreement
Sea grasses
seagrass meadow
title THE ESTABLISHMENT AND FUTURE PROSPECTS OF BLUE CARBON OFFSET SYSTEM AT HAKATA PORT
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