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© 2025 Island Innovation. All rights reserved.

    News

    Curated stories and analysis from islands and sustainability leaders worldwide.

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    Showing 9 of 86 news items in Green Finance & Economy
    Will the Sea Cucumber Industry Sink or Swim in Belize?
    Green Finance & EconomyOctober 17, 2024

    Will the Sea Cucumber Industry Sink or Swim in Belize?

    Sea cucumber fishing in Belize, though practiced for over two decades, became formally regulated in 2009 with the passing of Statutory Instrument 67, which introduced a closed season and limited licensing for the industry. Since then, licenses for sea cucumber harvesting have fluctuated between 70 and 80 permits annually, with quotas determined by an annual survey conducted by the Belize Fisheries Department. Initially, fishers received $3.50 BZD per pound of sea cucumber, but prices increased to $6.00 BZD per pound as demand grew. Some sea cucumbers can weigh as little as 1.6 oz. In 2016, new regulations were introduced, including size limits, gutted weight specifications, fishing hours, and managed access requirements. Further amendments in 2022 aimed to protect the fishery, with additional measures such as safeguarding spawning months, increasing size limits, and designating specific landing sites determined by the Fisheries Administrator. Despite its small scale, however, the sea cucumber fishery has gained significant attention from both buyers and fishers.

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    Cocoa’s revival on the tropical island of Saint Lucia
    Green Finance & EconomyOctober 11, 2024

    Cocoa’s revival on the tropical island of Saint Lucia

    Photo source: FAO/Leshan Monrose. Retrieved from fao.org Derived from its Greek name Theobroma Cacao, which translates to “Food of the Gods,” cocoa has been intricately woven into the tapestry of the Caribbean Island of Saint Lucia since its arrival in the 1660s. From a steaming cup of hot cocoa and tasty marinades to delectable chocolates, its versatility has no bounds. Cocoa tea, for example, is an island tradition that spans generation. Over time, Saint Lucians have perfected the art of making it with freshly ground cocoa sticks and fresh spices like nutmeg, cinnamon and bay leaf. During the peak period of the banana industry in the 1960’s, cocoa found itself playing second fiddle. Prior to 1993, bananas from African, Caribbean and Pacific countries had preferential access to markets in the European Union because of special policies that favoured bananas from former colonies. However, there were significant modifications to the trade agreement in the early 2000s. Year later, the banana industry in Saint Lucia all but collapsed. “The cocoa industry has been through its ups and downs, but we are on the up again,” exclaimed Cuthbert Monrocq, a local cocoa expert and farmer. His face beamed with pride as he reflects on the resurgence of the cocoa industry. Cuthbert has been a cocoa farmer for 24 years. He started out as a labourer on a local farm, but over the years not only did his knowledge of the industry grow, so did his entrepreneurial skills. He presently owns Montuzuma Family Estate – 9.5 acres of farmland – where he grows mushrooms and vegetables and conducts agro-tourism tours on his farm. His main crop though is cacao.

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    Zanzibar unveils a five-year National Action Plan to strengthen Health Security on the island.
    Green Finance & EconomySeptember 19, 2024

    Zanzibar unveils a five-year National Action Plan to strengthen Health Security on the island.

    Excerpt and Photo from afro.who.int In a landmark event underscoring its commitment to bolstering public health infrastructure and technical capacities, Zanzibar with support from the World Health Organization (WHO) has launched its National Action Plan for Health Security (NAPHS). This comprehensive five-year strategy aims to fortify the island’s capacity to prevent, detect, and respond to public health emergencies, drawing on insights from the Joint External Evaluation (JEE) of International Health Regulations (IHR) core capacities. The NAPHS, with a substantial budget of TZS 50.6 billion, marks a pivotal step in addressing the gaps identified by the JEE and implementing its key recommendations. The plan enhances Zanzibar’s health security through improved coordination among government ministries, relevant departments, and non-governmental organizations. In a speech read on his behalf, the Country Representative, Dr Charles Sagoe-Moses, articulated the significance of the plan: The launch of the NAPHS is a significant achievement. WHO is proud to support this crucial step towards a robust health security framework, addressing immediate needs and laying the groundwork for long-term resilience.”

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    Empowering Community Champions for Sustainable Development in RMI
    Green Finance & EconomySeptember 6, 2024

    Empowering Community Champions for Sustainable Development in RMI

    Excerpt and Photo from undp.org The fourth Women and Youth Training for Gender Equality, Climate Change, Disaster Risk Reduction and Water Safety Management has recently taken place at the University of the South Pacific’s campus in Majuro, the Republic of the Marshall Islands (RMI). This vital training was organized by the United Nations Development Programme (UNDP) Pacific Office through the Addressing Climate Vulnerability in the Water Sector (ACWA) project. The week-long capacity-building training aimed to empower women and youth with the knowledge and practices needed for climate-resilient water safety management in the Republic of the Marshall Islands (RMI). This training reinforces a commitment to enhancing RMI’s water security and community resilience against climate change impacts, especially women and youth, ensuring that no one is left behind.

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    How a “portfolio approach” sparked a blue and green shift in Mauritius
    Green Finance & EconomyAugust 26, 2024

    How a “portfolio approach” sparked a blue and green shift in Mauritius

    Photo: UNDP Mauritius/Stephane Bellerose. Retrieved from undp.org For decades, Mauritius relied on imported fossil fuels for electricity. More than 70 percent of its energy requirements are met by oil and gas, accounting for 62 percent of its greenhouse gas emissions. With the renewable energy mix at around 18 percent, plans are underway to ramp this up to 60 percent by 2030, with a goal to phase out coal in the generation of electricity at the same time. The country is on the way to a low-carbon economy, with job growth and reduced vulnerability to economic shocks. A large volume of greenhouse gas emissions came from the buildings sector in Mauritius, responsible for some 78 percent of electricity consumption. With more demand for housing and air conditioning, a 60 percent increase in energy consumption was predicted. The [Removal of Barriers to Energy Efficiency and Energy Conservation in Buildings](https://www.thegef.org/projects-operations/projects/2241) project in Mauritius, funded by the GEF, tackled energy use in buildings. An Energy Efficiency Management Office was established and a tariff to guarantee a high price for renewable energy helped cut the cost of installing solar panels. An Energy Efficiency Act and the Building Control Act were passed, to raise awareness of the benefits of energy conservation and remove technical barriers.

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    Dominica hosts Caribbean Youth Forum on Environment and Development, promotes sustainability
    Green Finance & EconomyAugust 16, 2024

    Dominica hosts Caribbean Youth Forum on Environment and Development, promotes sustainability

    Excerpt and Photo from writeups24.com Dominica is hosting the Caribbean Youth Forum on Environment and Development (CARYFED) with a vision to promote sustainable tourism by making optimum use of environmental resources and conserving natural heritage and biodiversity. This forum is running in the island nation from 7th August and will continue till 17th August 2024 under the theme “Sustainable Eco-Tourism in the Caribbean.” For the same, the Discover Dominica Authority has partnered with Project Discovery Dominica- PODOM for the successful execution of the [forum](https://writeups24.com/dominica-to-host-inaugural-oecs-youth-in-agriculture-symposium/). Project Discovery Dominica is the established local chapter of CARYFED that is dedicated to empowering pre-university students. It offers exciting opportunities for young people and are dedicated to nurturing talent, fostering innovation, and empowering the next generation of leaders across the island.

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    Atlantic Spaceport Consortium to Explore Azores Launch Facility
    Green Finance & EconomyAugust 16, 2024

    Atlantic Spaceport Consortium to Explore Azores Launch Facility

    Excerpt and Photo from europeanspaceflight.com Portugal’s Atlantic Spaceport Consortium has signed a cooperation agreement with NAV Portugal to support commercial feasibility testing of building a launch facility on the island of Santa Maria. The Atlantic Spaceport Consortium (ASC) was founded in 2019 with the aim of building a commercial spaceport on the island of Santa Maria, approximately 1,500 kilometres off the coast of the Portuguese mainland. The consortium is entirely composed of the Portuguese companies Ilex Space and Optimal Structural Solutions. On 13 August, ASC announced that it had signed a cooperation agreement with NAV Portugal, the country’s national air navigation service provider. NAV Portugal is responsible for managing and controlling air traffic within Portugal’s airspace. Under the cooperation agreement, the pair aim to define the guidelines that a future spaceport will need to adhere to when launching from Santa Maria. This includes defining exclusion zones, examining how to monitor and authorize launch activities, and studying under what conditions to impose partial or total launch restrictions for safety reasons.

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    Indonesia’s sea nomads turn to jobs on land
    Green Finance & EconomyAugust 5, 2024

    Indonesia’s sea nomads turn to jobs on land

    Excerpt and Photo from voanews.com Sofyan Sabi’s sea-dwelling community has fished beneath the waves off the Indonesian coast for centuries, but climate change and overfishing have forced him and many of his contemporaries on land to make a living. The Bajau tribe of fishermen led a nomadic life at sea for generations, spending days and nights on boats with thatched roofs in the waters between Indonesia, Malaysia and the Philippines. Members of the tribe learn to dive from a young age, and their bodies have adapted over time to allow them to fish underwater for longer periods, researchers say. But for the hundreds of Bajau people living on the tiny boardwalk island village of Pulau Papan in Indonesia, their ancestors’ unique way of life has all but died out.

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    Empowering Pacific Island countries to advance their hydrological and water resources capacities
    Green Finance & EconomyAugust 5, 2024

    Empowering Pacific Island countries to advance their hydrological and water resources capacities

    In a significant stride towards enhancing disaster preparedness and resilience in the Pacific, a pivotal workshop was held in Nadi, Fiji, aimed at initiating the Pacific Early Warning Systems for Flood and Flash Flood Guidance System projects. This workshop brought together representatives of National Meteorological and Hydrological Services (NMHSs) and National Disaster Management Offices (NDMOs) from six countries—Fiji, Kiribati, Samoa, Solomon Islands, Tonga, and Vanuatu—with the collective goal of establishing a robust, regional approach to managing and mitigating flood-related risks. The two projects are being supported by the United States Agency for International Development through its Bureau for Humanitarian Assistance (USAID/BHA). Floods including flash floods are recurrent threats in the Pacific region, often leading to significant loss of life and property. The workshop provided a platform for sharing knowledge and challenges in the Pacific for early warning systems. Experts in hydrology, meteorology, and disaster risk management engaged in discussions and breakout sessions, focusing on the development and implementation of the two projects tailored to the unique climatic and geographical conditions of the Pacific islands.

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