SeaTrees

SeaTrees have developed a scheme to generate Marine Biodiversity Credits (called ‘Biodiversity Blocks) across three marine ecosystems: mangrove forests, coral reefs and kelp forests.

Each “block” represents a defined unit of action taken in a SeaTrees ecosystem project, such as: mangrove tree planted, square-foot of kelp forest restored, square-meter of coral reef protected. They are stewardship credits: they represent the unit of work done to restore biodiversity. Each block creates “biodiversity uplift” outcomes. Uplift is measured using science-based protocols common in marine ecology. Blocks are issued and retired using a blockchain registry system (the Regen Network). Reports, data, and media are also posted on-chain for full transparency.

The primary goal of the scheme is to enable small-scale, locally-led projects to operate with minimal investment while incorporating the latest science in marine biodiversity.

Status:

Active
Location:
Global
Credit Name:
Biodiversity Block
Price Date:
as at 21 Jan 2025
Price per Credit:
AUD $5
Trading Date:
1/10/2024

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