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The Nature Conservancy

Innovation drives Seychelles blue economy approach

Maria Damanaki's picture
Also available in: Français
© The Ocean Agency
© The Ocean Agency


Our oceans provide everything from food for billions around the world, to protecting communities and economies from storms—bringing it at least $1.5 trillion to the global economy every year. But they also face a barrage of threats, from marine pollution and dwindling fish stocks, to the dramatic effect of climate change on coastal communities. Such challenges require new ways of thinking and innovative financing tools that address both the health and economic wealth of our oceans.
 
Seychelles is a good example of a country that is going beyond business as usual when it comes to preserving its natural assets. In 2016, the Seychelles completed an innovative debt-for-nature conversion with The Nature Conservancy. This deal raised funding to buy $21 million of Seychelles’ sovereign debt to refinance it under more favorable terms, and then direct a portion of repayments to fund climate change adaptation, sustainable fisheries, and marine conservation projects – as well as to create an endowment for the benefit of future generations of Seychellois.

An opportunity to reinvent our food system and unlock human capital too

Robert Jones's picture
Also available in: العربية | Español | Français
A woman sorts seaweed after harvesting it in Rote, Indonesia. © Robert Jones
A woman sorts seaweed after harvesting it in Rote, Indonesia. © Robert Jones

What if we had the chance to reinvent the world’s food system and make local, more sustainable, nourishing and diverse food the new norm rather than the exception? 
 
It might seem far-fetched, but with 9 billion people expected on our planet by 2050, and one out of three children in South Asia and Sub-Saharan Africa stunted from poor nutrition, it's a necessity. Today, one in ten fellow citizens suffer from hunger and global food waste is at an all-time high.