Madagascar communities launched the world's largest mangrove carbon conservation project, sequestering a huge amount of carbon and securing an ecosystem vital to fishery health.
In partnership with Blue Ventures, a 2015 Skoll awardee, the communities within the Velondriake Locally Managed Marine Area have committed to protect 1,200 hectares of mangrove forest to safeguard its vast amount of stored carbon, avoiding emissions equivalent to about 3.5 million annual passenger car miles.
Skoll interviews Leah Glass, Mangrove Technical Lead at Blue Ventures, to learn more about their role in this pioneering project and the emerging "blue carbon" market.
In the interview, Glass discusses what makes mangroves among the most productive and ecologically valuable habitats on earth and their main threats, communities that are now responsible for protecting this area and the biggest problems they are facing now, the idea of blue carbon, and the financial flow and how they benefit local communities.
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The Bank of America Merrill Lynch themselves, Social Finance Inc., New York State, the Center for Employment Opportunities (CEO), the U.S. Department of Labor, Chesapeake Research Associates, and The Rockefeller Foundation come together to address recidivism by training and employing ex-inmates.