The term “Blue Economy” has been widely used over the course of the last few years, as island communities have sought sustainable ways to boost their economic resilience while placing an emphasis on conserving the natural beauty of their ecosystems and biodiversity. Indeed, the United Nations Sustainable Development Goal #14, “Life Below Water”, pledges to conserve and sustainably use the ocean, seas and marine resources for sustainable development, and address the various threats to marine ecosystems.
This week, our featured blog post will seek to explore a meaningful definition of the term “Blue Economy”, as well as examine the role that it plays in reducing economic inequalities, promoting a comprehensive approach to building resilience, and the adoption of innovative financial structures to underpin conservation efforts in island communities all over the world.
This article has been written by our team member Stacey Alvarez de la Campa. Click here to learn how you can submit your articles to our blog.
In a globalized and interconnected world subject to climatic and financial crises, islands are facing unprecedented challenges – whether from increasingly unpredictable and severe weather, rising sea levels, or due to geographical isolation and economic vulnerability. The Island Finance Forum will bridge the gap between sustainable development practitioners and financial stakeholders to facilitate the development of innovative technologies and solutions to the world’s problems.
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