Project ID 2210311022
On the one hand the ocean acts as a carbon sink, it absorbs up to 30% of the annual emissions of CO2 to the atmosphere, resulting in increased ocean acidity levels compared to preindustrial times. This change in impacts biological processes. IOC is custodian agency for the SDG indicator 14.3.1 and strives to equip MS with the tools to adapt to and mitigate the impacts of ocean acidification. IOC also supports GOA-ON and its Ocean Decade Programme OARS. On the other hand, the ocean when disturbed can be a carbon source, therefore, IOC co-sponsors the Blue Carbon Initiative, which aims to raise awareness for and further investigate the importance of mangroves, tidal marshes and seagrasses, as possible nature-based solutions for climate change on the basis of latest scientific evidence.
- On-going
USD 26,000
Total Project Budget
USD 19,098
Total Incurred Expenditures
Progress
On-goingGeographical Scope and Beneficiaries
-
Global 100%
Financial plan
Type of Funding | Uses of Funding | Sources of Funding | Project Budget (USD) | Incurred Expenditures (USD) |
---|---|---|---|---|
Assessed Contribution - Assessed Contribution | Intergovernmental Oceanographic Commission | Contribution to Regular Budget | 26,000 | 19,098 |
Project contributes to
- 35%
- Gender Equality | 5%
- Priority Africa | 5%
- Small Island Developing States | 5%