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

Abstract

 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.