Mangrove Environmental Services - The benefits for the maritime industry
Drawn by Hoai Dan

Willingness to participate in Payment for Mangrove Environmental Services: Maritime sector and shipping industry stakeholder perspectives

Policy Brief
7 January 2022

Pham T.T., Đặng L.H., Phạm T. Thuyền, Tăng Thị K.H., Đặng H.P., Hoàng T.L., Nguyễn Thị K.N., Nguyễn Thị T.A., Nguyễn Thị V.A., Phạm T. Tuấn

Key messages

  • Although the shipping industry plays an important role in economic development globally and in Vietnam, its activities also affect the environment.
  • The Government of Vietnam has recently introduced many new policies promoting economic development and environmental protection through sustainable development of the shipping industry, including the Green Port Program and a Payment for mangrove environmental services mechanism.
  • Port authorities and shipping companies appreciate the roles mangroves play in: reducing greenhouse gas emissions/absorbing CO₂, NOx, SOx, PM particles and volatile organic compounds (VOCs); reducing sedimentation and expenditure on dredging; providing clean water; and reducing wave impacts and coastal erosion. Consequently, these companies are willing to participate in a payment for mangrove environmental services mechanism. In fact, many foreign shipping enterprises are actively engaged in replanting and protecting mangroves.
  • Though some shipping industry companies are willing to pay for mangrove protection and development, four key factors determine their long-term commitment to and compliance with such a policy. These factors are: transparency and accountability regarding revenues and expenditure; fairness in applying payments for mangrove environmental services to all user groups; disclosure of detailed plans for mangrove maintenance and reestablishment; and policy development based on comprehensive and scientific cost-benefit analyses.
  • Foreign and domestic shipping companies differ in terms of their willingness to pay for and ability to apply a payment for mangrove environmental services mechanism. Further studies are needed to analyze these differences and determine optimum measures.
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Publication reference
T.T., P., L.H., Đ., T. Thuyền, P., K.H., T. T., H.P., Đ., T.L., H., … T. Tuấn, P. (2021). Willingness to participate in Payment for Mangrove Environmental Services: Maritime sector and shipping industry stakeholder perspectives. doi:10.17528/cifor/008084
Publication | 6 January 2022