Blue Economy - New Energy Events

IDB approves $60 million credit line to boost blue economy in the Bahamas
April 14, 2024
The Inter-American Development Bank (IDB) proposed a US$60 million Conditional Credit Line for Investment Projects aimed at promoting sustainable development in The Bahamas. This initiative targets the growth of micro, small, and medium-sized enterprises (MSMEs) within the country’s blue economy sector. Source: IDB
Threatened Caribbean coral reefs get a new ally: the insurance industry
June 15, 2021
As climate change threatens coral reefs around the world, conservation experts in Latin America have enlisted an unlikely ally to try to preserve them: the insurance industry. Source
The Caribbean Sea faces dual threat of climate change and overfishing
June 15, 2021
The Caribbean Sea’s blue economy, touted as a sustainable solution to the region’s concerns, could be the Caribbean’s last hope. Global Voices produced an analysis of the region’s marine environment faces a long list of challenges. Source
UNEP and European Commission tackle climate change in LAC region
April 13, 2021
The European Commission’s Directorate-General for International Partnerships and the UN Environment Programme (UNEP) today announced common priorities for environmental cooperation in Latin America and the Caribbean (LAC) for the next five years, aimed at tackling the triple planetary crises of climate change, biodiversity loss, and pollution in the context of the region’s COVID-19 pandemic recovery. […]
Algae cleared from Caribbean beaches can power hotels
March 29, 2021
Y.A. Maof, an Israeli company that works on environmental and waste disposal projects. After a trip in the Dominican Republic, the company found combining the algae found on the beach with organic waste in a biogas facility could enable energy generation. A pilot has been set up to evaluate the impact. Source
Over $1.2 million announced for restoration of coral reefs in U.S. and Caribbean waters
December 8, 2020
The National Fish and Wildlife Foundation (NFWF) announced $1.2 million in grants to support community-based efforts to improve the health and resilience of coral reefs in Florida, Hawaii, Guam, American Samoa, and the Caribbean. The grants will leverage nearly $1.3 million in matching contributions to generate a total conservation impact of more than $2.5 million. […]
IDB Loans $200M To Aid Business Climate in Bahamas
October 10, 2020
The IDB approved a $200M loan to boost the business climate to would support the Bahamian Blue Economy, which features sea-based industries such as coastal tourism, fisheries and maritime transport. Source
Eight Reasons to Safeguard Western Puerto Rico’s Ocean and Coast
October 5, 2020
From fishing and diving to community gatherings, Puerto Rico’s culture and economy rely on a healthy environment and blue economy, says Pew Trusts. Source
The Bahamas gets a boost for Blue Economy
September 10, 2020
The IDB approved a US$200 million loan to promote the blue economy in The Bahamas. The program scope looks to supporting the Micro, Small and Medium Enterprises (MSMEs) continuity, modernizing the institutional and legal framework to protect the natural resources, and economic diversification. Source