Assessing the carbon storage value of kelp forest restoration in the Hauraki Gulf Marine Park, New Zealand: Lessons from no-take Marine Protected Areas

Abstract

Anthropogenic CO2 emissions are one of the principal driving forces of climate change. Climate change leads to systematic changes of ecosystems that cause significant impacts on species interactions, ecosystem processes, and result in profound socio-economic consequences. While carbon offsetting of terrestrial forests and their monetary value are well accepted, the carbon offsetting potential and value of coastal and marine ecosystems (Blue Carbon, BC) remains excluded from the international carbon accounting framework. In this study, we estimated the carbon offsetting value of kelp forests (Ecklonia radiata) against urchin barrens (dominated by crustose coralline algae) using the standing stock biomass as a metric. We propose that standing stock biomass is a crucial next step in introducing BC to the general carbon offsetting framework. Our approach is informed by long-term ecological research conducted in a marine reserve, which highlights the potential of utilizing trophic cascades to limit the dominance of urchin barrens in shallow coastal habitats. We found that the value of carbon standing stock in current kelp forests with reforestation in the Hauraki Gulf Marine Park (HGMP) is worth up to $NZ 7.9 million, based on 2021 carbon market pricing in New Zealand. This simple step towards realizing the value of marine conservation and its multiple benefits to society highlights the missed opportunities when policy and plans do not align with ecology and economics. Including the ocean's contributions to carbon storage is a critical step in using monetization techniques to overcome climate change challenges. Monetizing the carbon offsetting value of kelp forests contributes to establishing funding mechanisms to attract diverse investments in marine ecosystem restoration while providing ecological benefits in ocean governance.