The emergence of voluntary carbon markets is creating new opportunities to sustainably finance Natural Climate Solution (NCS) projects. In Australia, the federal government recently enacted the Tidal Restoration of Blue Carbon Ecosystems Methodology Determination 2022 (Tidal Reconnection Method), whereby restoration activities that reintroduce tidal flows to allow the re-establishment of coastal wetland (blue carbon) ecosystems, through the removal or modification of a tidal restriction, can be used to gain and sell Australian carbon credit units. Australia has the highest net blue carbon wealth in the world, with 5%–11% of global carbon stocks, yet there is currently a lack of large-scale feasibility assessments and supporting methodologies to identify and prioritise sites with the greatest potential for NCS project implementation to help inform investment decisions.
In this study, we applied a spatial Multi-Criteria Decision Analysis (MCDA) to identify, map, and prioritise potential sites for blue carbon coastal wetland restoration in South Australia that meet criteria outlined in the Tidal Reconnection Method. This study compared information on 1) predicted flooding extent following tidal reconnection and under sea level rise (SLR; present-day, 2050 and 2,100); 2) project implementation complexity (e.g. who possesses land tenure); and 3) carbon sequestration potential through predicted area of vegetation change under the above SLR scenarios.
Our results identified 64 sites of interest, of which 32 received an overall “high” prioritisation score of 3 or more out of 5. This equates to approximately 21,114 ha of high priority potential blue carbon restoration sites.
The MCDA enables development of a portfolio of viable restoration projects through a rapid “desktop” prioritisation of sites of interest, which can then guide investment in further detailed cost/benefit feasibility assessments. This study demonstrates an adaptable MCDA approach to map potential NCS projects at meaningful spatial scales and in-line with carbon market-based opportunities.