OPINION – Caribbean can make waves with blue ocean economy
By Gerard Alleng, Inter-American Development Bank
(Climate Home News) Countries in the Caribbean tend to have a rough time when it comes to extreme weather like hurricanes.
Due to their geography, they’re usually more susceptible to disasters and extreme weather events, have limited access to freshwater and land for agriculture, and scarce development options and international trade opportunities.
The climate crisis risks exacerbating this precarious situation. Last August, Hurricane Dorian’s destructive path across The Bahamas left damages of around $3.4 billion.
The islands of the Caribbean know these challenges all too well and are stepping up with innovative solutions. Emerging interest around the Blue Economy is just one of these.
For example, The Sustainable Islands Platform (SIsP) is looking at the best ways to support island territories in their pursuit of sustainability and prosperity.
Developed by the Inter-American Development Bank (IDB), the platform exists under three founding pillars that are closely related: Climate Resilience, Circular Economy, and Blue Economy – the latter is a model which can significantly support economic growth in the region.
Read more at: Climate Home News