The report prepared by Ambiente Acuavita A.C. for ACCIÓN Yucatán focused on the systematization of information and legal, tax, and administrative analysis required to establish a financial mechanism to facilitate the project’s commercialization of forest and blue carbon credits in the Voluntary Carbon Market (VCM). This included a focus on the forest and marine ecosystems of the Yucatán Peninsula, which are critical areas for carbon sequestration and climate resilience.

​​​​​International, national, and regional context of the VCM was analyzed, including legal frameworks and successful experiences in forest and blue carbon projects. This analysis provided the basis for developing technical and financial recommendations to support the implementation of viable and sustainable projects in Mexico, taking into account the country’s legal and tax frameworks. It also sought to strengthen local and regional capacities by providing communities, authorities, and key stakeholders with relevant tools and knowledge.

The “ACCIÓN” Yucatán project represents a significant step forward in the implementation of Nature-based Solutions (NbS) to address climate change. The Yucatán Peninsula, with its extensive forest and marine ecosystems, is one of Mexico’s most biodiverse regions, but also one of the areas most vulnerable to the impacts of climate change.

The final report prepared by Ambiente Acuavita A.C. highlights the feasibility of implementing a forest and blue carbon financial mechanism within the VCM in the Yucatán Peninsula. This mechanism has the potential not only to generate income for local communities, but also to contribute to Mexico’s climate change mitigation commitments, in alignment with the goals of the Paris Agreement. The coordination provided by FMCN was instrumental, as its ability to bring together communities, government institutions, and international stakeholders enabled a comprehensive and sustainable approach. In addition, the project establishes a replicable model for other regions of Mexico and Latin America, where carbon credits can serve as a tool to finance conservation and local development.

The project also highlights the importance of strengthening the legal and administrative framework to facilitate the participation of local stakeholders and attract investment to the VCM. Lastly, the project concluded that “ACCIÓN” Yucatán reinforces the role of the Yucatán Peninsula as a global example of how Nature-based Solutions can be integrated into climate and sustainable development strategies.

The project’s success lays the groundwork for continued exploration of innovations in the VCM, expanding community participation and strengthening the conservation of ecosystems that are essential to addressing today’s climate challenges.

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