The bigger blue potential for Asparagopsis: A review of the potential for blue carbon, nitrogen, phosphorus and biodiversity credits for the Australian Asparagopsis seaweed industry

Funding Activity

Website
https://www.frdc.com.au/project/2023-190

Funding Status
Active

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Funded Activity Summary

The project will provide a comprehensive and contemporary synthesis of relevant information on C, N& P uptake and B creation potential and existing and potential schemes which could be implemented to provide environmental benefits and commercial opportunities for the nascent industry to develop. It will involve: delivering a detailed review of existing research, theories and proposed policies for C, N&P and B schemes; producing a set of recommendations for regulators regarding scheme(s) implementation and operation; and identify potential environmental, social and economic benefits from successful schemes.

Objectives:
1. Undertake a detailed literature review and summary of relevant published and grey literature, industry information and anecdotes on: science of C,N&P and B benefits of seaweed mariculture; credit/trading schemes for C,N&P and B structure and operation, implementation requirements.
2. Develop a recommended policy position for ASSA which can be used by ASSA to advocate and make clear recommendations to government on the potential for the Australian seaweed industry to benefit from the establishment of aligned credit schemes, as well as the potential accreditation of products.
3. Provide outlines of potential credit scheme(s) and implementation, including high-level SWOT analysis and cost-benefit indications.
4. Provide the above objectives and outcomes to ASSA/FRDC which can then be readily developed into regulator and other stakeholder communications outputs and tools (e.g. online formats).

Funded Activity Details

Start Date: 20-06-2024

End Date: 31-12-2024

Funding Scheme: Funding Scheme not available

Funding Amount: $120,000.00

Funder: Fisheries Research and Development Corporation

Research Topics

ANZSRC Field of Research (FoR)

There are no FoR codes available for this funding activity

ANZSRC Socio-Economic Objective (SEO)

There are no SEO codes available for this funding activity

Other Keywords

Emissions Reduction

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