At the COP16 Biodiversity Conference in Cali, Colombia, SeaTrees made headlines by launching the world’s first marine biodiversity credits. This new funding model, called "Biodiversity Blocks," aims to close the gap in conservation funding for marine ecosystems. Highlighted by a striking 21-foot-tall art installation, SeaTrees is revolutionizing the way ocean conservation and biodiversity restoration are financed.
Although oceans store 90% of the planet’s carbon, only 4% of conservation funding is directed toward marine ecosystems. SeaTrees’ Biodiversity Blocks aim to correct this imbalance by offering a multidimensional solution that restores biodiversity, protects coastlines, and enhances carbon sequestration. The initial offerings will focus on three key projects: a Kenyan mangrove forest, a kelp forest off the coast of Sydney, and a coral reef in Fiji.
Michael Stewart, Co-Founder of SeaTrees, emphasizes the growing demand for ocean-based projects like mangrove restoration and kelp forest protection, noting their ability to provide coastal defense, preserve habitats, and capture carbon. This innovative model promises to allocate resources more effectively, ensuring that funding reaches these vital marine ecosystems with transparent, measurable results.
SeaTrees is utilizing blockchain technology to bring greater transparency and engagement to marine conservation efforts. Each Biodiversity Block is linked to a blockchain-based digital receipt, complete with associated artwork and project impact stories. The credits are registered on the Regen Network, and the SeaTrees Biodiversity Marketplace operates on the Solana blockchain.
This approach enhances accountability while offering new opportunities for individuals and businesses to contribute to and track their impact on ocean conservation. As SeaTrees looks to expand its portfolio from 24 to 100 marine restoration projects by 2030, blockchain integration could be a key driver in scaling these efforts and ensuring transparency at every level.
The introduction of Biodiversity Blocks at COP16 signals a transformative shift in ocean conservation funding. As representatives from 196 nations gather to discuss global biodiversity challenges, this new model presents a viable solution to drive ecosystem restoration.
According to Kevin Whilden, Co-Founder of SeaTrees, Biodiversity Blocks represent a significant evolution in conservation credits. By focusing on the entire ecosystem—not just carbon capture—this approach offers a more comprehensive way to restore ecological balance. As SeaTrees continues to grow its project base, this funding model could set a new global standard for marine biodiversity conservation.
