Sustainable finance is a critical component of nature conservation in the Caribbean, and this report defines the different mechanisms available to provide finance, alongside relevant examples and case studies in the Caribbean. The review of sustainable finance mechanisms and their applications is used to form recommendations and suggestions for improving financial sustainability in Caribbean Overseas Territories and other Caribbean islands. Though there is no ‘one size fits all’ or standard blueprint for optimal implementation of sustainable finance mechanisms, research suggests that community-centric approaches increase support and improve chances of stakeholder buy-in. Additionally, on a regional level there are many benefits to Caribbean islands working collaboratively and utilising an island network to pool resources and capacity. Finally, working on standards to monitor, measure and communicate impacts is an opportunity to improve investment in nature management.
|Published - Aug 2017