LocationsResearching and developing
regional Blue Economy Scoping Studies
Project Owner: UNDP Barbados and the Eastern Caribbean
The growing potential of the Blue Economy in Barbados as a sustainable approach to diversifying the economy and creating jobs is one of the key messages highlighted by the recent rapid Blue Economy Scoping Study prepared by UNDP under the leadership of the Ministry of Maritime and Blue Economy and in consultation with key stakeholders. The document will serve to stir discussions on relevant policies and long-term strategies.
This research is part of the support that UNDP Barbados and the Eastern Caribbean Cluster Office are providing to governments in the region with the aim of promoting resilience and accelerating the achievement of Sustainable Development Goals in the Caribbean. Under the banner of “Blue Economy for Green Islands” UNDP is providing technical and financial assistance to strengthen businesses, create jobs and improve lives. The impact of the COVID-19 crisis has emphasized the importance of this work and the Blue Economy “is the core of the UNDP COVID-19 Response Programme, which is now transitioning to the second phase: From Economic Recovery to Expansion.”
The report provides an overview of current context and opportunities, a technical analysis of impediments, and makes recommendations for ways forward in the form of an Initial Action Plan. The report focusses on the key economic sectors that rely on the marine environment, namely tourism and leisure, capture fisheries and ports and shipping. In this regard this report puts forward a range of possible options for the government’s consideration.
This article was originally published in: https://www.undp.org/barbados/blue-economy-scoping-studies
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