Seagrass ecosystems are important coastal habitats that perform many functions beneficial to society and human wellbeing. These benefits are delivered in the form of ecosystem services and include providing food through fisheries, improving water quality through filtration, regulating the climate through carbon sequestration, and as a source of recreation.
Within the UK, there have been significant losses to the scale and extent of these habitats, with some researchers suggesting over 90% declines over the last 100 years. It is, therefore, crucial to restore declining seagrass and protect existing habitats to ensure continued provision of the associated ecosystem services. To fulfil these requirements, significant sustainable finance is required to continue efforts to protect, restore, and create seagrass habitat. The emerging biodiversity credit market has been identified as a potential route for sourcing this finance.