The Caribbean Group (CARICOM) is making vital strides in direction of enhancing ocean governance and sustainable administration of marine sources. With the help of a £190,000 grant from the UK’s Overseas, Commonwealth & Improvement Workplace (UK FCDO), the CARICOM Secretariat is embarking on a complete initiative to develop a strong framework for sustainable ocean administration.
Titled ‘In direction of A Caribbean Group (CARICOM) Framework for Strengthening Oceans Governance – Efficient Engagement within the Worldwide Oceans Agenda’, the undertaking goals to help the collaborative improvement of a CARICOM Blue Financial system Coverage.
“This initiative is testomony to CARICOM’s dedication to fostering a sustainable blue financial system that advantages all Member States in recognition of the numerous contribution the Caribbean Sea makes to CARICOM’s improvement priorities,” mentioned Ambassador David Prendergast, Director, Sectoral Programmes on the CARICOM Secretariat.
The first goal of this undertaking is to articulate a Coverage that fosters improved governance, regional coordination and finally, enhanced capability of Member States to sustainably handle each sovereign and shared marine sources. The coverage will construct on worldwide momentum for sustainable ocean financial improvement, together with the Antigua and Barbuda Agenda for SIDS, Sustainable Improvement Targets, and the Commonwealth Blue Constitution. The undertaking additionally seeks to upscale nationwide successes and progress made beneath the UK’s Sustainable Marine Economies Programme. CARICOM Member States are more and more specializing in their Unique Financial Zones (EEZs) to unlock development and improvement alternatives. These alternatives span numerous sectors, together with fisheries, vitality, nature tourism, and coastal and ocean companies like carbon sequestration.
Within the coming months the undertaking will undertake a complete evaluation of the coverage, and the institutional and authorized panorama inside CARICOM Member States regarding sustainable ocean-based economies. There may also be a collection of digital and in-person consultations to interact stakeholders, share nationwide progress, and establish regional precedence actions.
