New studies spotlight alternatives for sustainable blue financial system within the Caribbean – thqaftqlm

New studies spotlight alternatives for sustainable blue financial system within the Caribbean

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A brand new set of studies from the Commonwealth Secretariat have highlighted the potential for a extra sustainable future within the Caribbean.

The Fast Readiness Evaluation (RRA) has been trialed in chosen Caribbean islands over the previous few months. The outcomes will inform the Islands on their subsequent steps in the direction of turning into a sustainable ‘blue’ financial system. This implies the Islands will be capable of successfully faucet into ocean sources and assist long-term financial progress, whereas additionally defending marine and coastal ecosystems, and making certain societal well-being.

The evaluation has been carried out as a part of a pilot mission within the Caribbean Islands of Antigua & Barbuda and Trinidad & Tobago. By way of analysis and workshops, researchers evaluated how prepared the Islands’ nationwide methods, buildings and stakeholders are to make the transition to turning into a sustainable blue financial system. Constructing on progress already made in every nation, it would assist governments and stakeholders perceive their present scenario and determine each alternatives and gaps.

Researchers on the College of Portsmouth have been main the work in Antigua & Barbuda. They discovered these islands have important potential for progress in areas akin to sustainable fisheries, marine renewable power, and ocean-based tourism. Nevertheless, additionally they recognized numerous challenges that can have to be addressed to be able to obtain a profitable transition, together with the necessity for extra complete marine planning and stronger governance frameworks.

Antaya March from the College of Portsmouth has led the work being performed in Antigua & Barbuda. She mentioned, “This can be a crucial time to deliver collectively the entire helpful, current work in every nation and determine how you can harmonize approaches and keep away from duplication of efforts. A sustainable blue financial system presents the chance for Antigua & Barbuda and Trinidad & Tobago to really faucet into the wealth of sources the ocean gives, present equitable sharing of the advantages and cut back their economies’ over reliance on tourism and oil respectively, for an equal working system.”

“By figuring out key alternatives and challenges, we are able to start to develop methods that stability financial growth with environmental sustainability.”

The assessments have been coordinated underneath the Commonwealth Blue Constitution program, with the United Nations Surroundings Program (UNEP), Howell Marine Consulting and the College of Portsmouth.

Lead Advisor for the Commonwealth Blue Constitution program on the Commonwealth Secretariat, Dr. Jeff Ardon mentioned, “The Fast Readiness Evaluation supplies a transparent image of a rustic’s current insurance policies, authorized frameworks, methods and political panorama and the way these would facilitate a sustainable blue financial system transition. In addition they determine the gaps and description suggestions for subsequent steps, together with the forms of useful resource required.”

UNEP’s Head of Marine and Freshwater, Leticia Carvalho, mentioned, “The utility of the Sustainable Blue Economic system Transition Framework, and the accessible assessments, will go a good distance in serving to nations to take the primary steps in the direction of a whole-of-government and whole-of-society method to mainstreaming biodiversity into complete ocean and coastal coverage as a prerequisite for sustainable, resilient and equitable blue economies.

“This framework can assist nations to virtually deal with the crucial significance of marine and coastal biodiversity within the implementation of the post-2020 international biodiversity framework.”

Extra info:
Stories: thecommonwealth.org/publicatio … ilot-project-antigua

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