Blue Economy Caribbean Market News

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
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
“Underwater Space Station” to be built in Curacao
August 20, 2020
The “underwater version” of the International Space Station is coming to the Caribbean island of Curaçao. Renowned ocean explorer Fabien Cousteau has announced his plans for PROTEUS, a project that’s being billed as the “world’s most advanced scientific research station and habitat.” “We are delighted to be home to PROTEUS,” said Dr Steven Martina, Curaçao’s […]
Barbados to launch biofuels program
June 12, 2020
Demonstrating its commitment to investing in the Blue Economy, Barbados has announced the launch of a biofuel drive, to come on stream this year. Barbados National Oil Company Limited (BNOCL) Renewable Energy Officer and Advisor to the Minister of the Blue Economy, Mark Hill, made the announcement at a display of the Aquamarine harvester, recently […]
Blue Economy Accounted for 7% of Jamaica’s GDP in 2017
February 12, 2020
The Blue Economy was responsible for more than US$1 billion of GDP in Jamaica in 2017, according to Caribbean Development Bank (CDB) Director of Economics Dr. Justin Ram. The announcement was part of the CDB’s annual news conference in Barbados, and included wider discussions about economic growth in the region. Among the economic leaders in […]
Small island countries to explore marine renewables under new partnership
November 6, 2019
The Small Island Developing States (SIDS DOCK) and Naval Energies have signed a Memorandum of Understanding to support the development of marine renewable energy. Under the agreement SIDS and Naval Energies will collaborate to foster the development of Ocean Thermal Energy Conversion (OTEC), deep-sea conversion and floating offshore wind projects in small island countries. Through […]
Big Challenge, Big Opportunity: Financing the Blue Economy

From our Editorial Team
October 7, 2019
Across the Caribbean Blue Economy market, a patchwork of ventures is emerging, with funding instruments as varied as the projects themselves. And while it’s true that this nascent space is largely untested, and in turn a financial risk, stakeholders see opportunity for innovation. If traditional project finance won’t work, what next? Stakeholders must examine the […]