Blue Horizon: Ocean Relief through Seaweed Aquaculture
The overall vision of the project is to create new sustainable seaweed value chains that will deliver ecosystem services and provide socioeconomic benefits. To accomplish this, the project will work with partners towards setting up of a global coalition of key global value chains providers and academic centres of excellence; build regional capacity for seaweed aquaculture by strengthening and promoting the uptake of best practices across seaweed value chains and participation in global seaweed coalitions (Component 1). The project will also create an enabling environment for seaweed aquaculture at the national level – the project will support processes to identify appropriate areas for seaweed expansion, and to operationalize management plans specific to such areas, with accompanying plans and coordination mechanisms (national/global) to support this (Component 2). In areas deemed viable for seaweed aquaculture, the project will work with producers and cooperatives to pilot off-shore farms that will serve as proof of concept for off-shore seaweed production. In addition, the project will support a proof of concept for a scalable seaweed carbon credit model, and finally, expanded collaboration with the finance sector and private sector (Component 3). All of these activities will be monitored and communicated via multiple channels. In this way the project will utilize and expand on current baseline activities in the seaweed industry in Philippines and Viet Nam to promote the interests of seaweed farmers and their communities, and grow the global market for seaweed in a sustainable and responsible fashion.
- Country: Viet Nam, Philipines
- Focal Area: International Waters
- Project Status: Project Development
- GEF ID: 10573
- Executing agencies: SEAFDEC
- GEF Project Grant: US $6,150,000
- GEF Agency Fee: US $553,500
- Co-financing: US $37,660,000
PIF:
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