Wednesday, 24 February 2016

One ocean, One future

One ocean, One futureThe second Blue Economy Summit concluded with a Declaration unanimously adopted by government, international and civil society representatives which calls upon the international community to adopt, elaborate and utilise the Blue Economy.   The original Blue Economy concept by Gunter Pauli was to look for the best natureinspired know-hows to shift society from shortage to profusion by tackling environmental and other problems in new ways. The Seychelles is supporting the “Blue Economy” as its future sustainable development model. At the moment there is a need to explicate, at the least, the corners of what is meant by the Blue Economy for Seychelles as it may be all things to all men and women.  

"The great English poet, John Donne, said: "No man is an island, entire of itself. Every man is a piece of the continent, a part of the main." We islanders are keenly aware of this - in fact, all too aware of this," newly re-elected president of Seychelles James Michel said. The Blue Economy Summit was the first international stage for deliberations after the global environmental meeting in Paris known as COP21 and the adoption of the Sustainable Development Goals. The summit, under the theme 'One Ocean, One Future,' was cohosted by Seychelles and Abu Dhabi in corporation with the Intergovernmental Oceanographic Commission of UNESCO.  

It was a component of Abu Dhabi's sustainability week. The Declaration unanimously adopted by government, international and civil society representatives calls upon the international community to adopt, intricate and develop the Blue Economy approach as a key tool in the implementation of inter alia the Paris Climate Change Agreement and realisation of the targets of Sustainable Development Goal 14 to “Conserve and Sustainably Use Oceans, Seas, Marine Resources for Sustainable Development”. Michel's address was determined on what the Blue Economy can possibly contribute to alleviate poverty in the world, improve the wellbeing of people and give equal access to resources.  

"In Seychelles our transition to the Blue Economy is about empowering our local fisheries industry through the adoption of sustainable practices to create better value addition. We believe that supporting our local entrepreneurs is at the heart of the Blue Economy agenda, because sustainability is not possible without strong local ownership," said Michel. He noted that political vision and principle is required, coupled with innovation. “ and finance.

For example, in Seychelles, assisted bIt requires innovation in science and engineering in the marine domain but also innovation in administration, strategic planningy international partners, we are pioneering novel means of leveraging new and additional funds to support the realisation of a sustainable Blue Economy. Our latest initiative is the proposed issue of ten-year sovereign ‘blue’ bonds guaranteed by government and supported by international financial institutions, with the proceeds being specifically designated for the implementation of a new transformative management plan for our national demersal fisheries,” said President Michel. Read more....

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