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© 2025 Island Innovation. All rights reserved.

    News

    Curated stories and analysis from islands and sustainability leaders worldwide.

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    Showing 9 of 90 news items in Green Finance & Economy
    Japan’s JICA contributes $1 billion to IDB Invest for Latin America’s sustainable growth
    Green Finance & EconomyFebruary 25, 2025

    Japan’s JICA contributes $1 billion to IDB Invest for Latin America’s sustainable growth

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    The Island Leading The Farm-To-Table Revolution In The Caribbean
    Green Finance & EconomyFebruary 12, 2025
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    The Island Leading The Farm-To-Table Revolution In The Caribbean

    St Kitts has emerged as a serious player in the Caribbean’s farm-to-table movement in recent years, thanks to its fertile volcanic soil, sunshine-filled ideal growing climate and rich culinary heritage. The island’s gastronomy is a vibrant fusion of African, Caribbean, British, and French influences, blending bold freshly harvested spices, produce, and locally caught seafood with centuries-old culinary traditions. From open-air markets teaming with tropical fruit to multi-course Kittian-flavored fine-dining experiences, the island has attracted a new breed of food-driven travelers. Beyond its culinary appeal, St Kitts is trending as a destination. Cape Air launched a new route from the [US Virgin Islands this past year](https://www.caribjournal.com/2024/11/05/cape-air-is-adding-a-new-flight-to-st-kitts-from-the-us-virgin-islands/), while [Caribbean Airlines](https://ntltrust.com/news/lifestyle/caribbean-airlines-expands-with-new-route-to-st-kitts-boosting-connectivity-and-economic-growth/) expanded regional connections making it easier than ever to island hop. [Jet Blue](https://www.travelandleisure.com/jetblue-caribbean-st-kitts-routes-7509233) also added a direct flight from New York, making it even more accessible to American travelers. With the increased flight availability, rich cultural and historical landmarks, and burgeoning farm-to-table movement, St. Kitts is one of the Caribbean’s most compelling 2025 destinations. Head to the following places to taste the best of St. Kitt’s locally sourced cuisine.

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    The Caribbean Development Bank Providing Funding to Support Saint Kitts and Nevis’ Development Strategy
    Green Finance & EconomyFebruary 4, 2025

    The Caribbean Development Bank Providing Funding to Support Saint Kitts and Nevis’ Development Strategy

    Excerpt and Photo from caribank.org The [Caribbean Development Bank](https://www.caribank.org/) (CDB, the Bank) has approved a grant of USD132,000 to the Government of Saint Kitts and Nevis (GOSKN) for the formulation of a Medium-term Development Strategy and Investment Plan for 2025-2029. The plan will promote inclusive, resilient, and sustainable development in alignment with the Sustainable Development Goals (SDGs) and the country’s National Development Planning Framework. The project, which will be implemented by the Ministry of Economic Development and Investment (MEDI), supports the creation of a monitoring and evaluation framework inclusive of a digital tool to track progress. ​This framework will ensure comprehensive oversight over public investments, allowing for efficient resource allocation and effective programme implementation aligned with national targets. Additionally, it will seek to provide greater accountability, efficiency and sustained momentum during implementation of the development strategy. **Acting Vice President of Operations at the Bank, Mrs. Therese Turner-Jones** indicated that “The Bank remains committed to assisting the Government of Saint Kitts and Nevis in crafting the requisite tools to achieve desired development outcomes. This initiative is intended to build institutional resilience and strengthen implementation capacity and good governance in the twin-island Federation.” The GOSKN is also providing USD25,000 towards the project, which is set to support implementation of initiatives for economic diversification, renewable energy transition, sustainable agriculture, education and social programmes, and other priority areas. The new strategy will focus on climate resilience, green energy transformation, human capital and economic and institutional development, social inclusion, with an emphasis on gender equality.

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    The Ecoislas International Forum explores the connection between sustainable development and insularity at Infecar
    Green Finance & EconomyFebruary 4, 2025

    The Ecoislas International Forum explores the connection between sustainable development and insularity at Infecar

    Excerpt and photo from eldiario.es. Translated from Spanish Net zero emissions, biodiversity protection, waste management and energy efficiency will be some of the topics that, for two days, will serve international, national and local experts to discuss and reflect on the transition towards a greener, more profitable, more self-sufficient and environmentally more sustainable socio-economic model. The Ecoislas International Forum returns to Gran Canaria to celebrate its second edition at Infecar this Thursday and Friday, January 30 and 31, with the aim of leading the global debate on sustainability in island environments, as explained by the Island Council. The meeting will be structured around keynote lectures, round tables and thematic workshops focused on key areas such as the circular and blue economy; energy, water, mobility; adaptation to climate change and biodiversity.

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    Empowering Gozo’s economy: Addressing key issues for a resilient tomorrow
    Green Finance & EconomyDecember 16, 2024

    Empowering Gozo’s economy: Addressing key issues for a resilient tomorrow

    Gozo, with its unique blend of heritage and natural beauty, holds immense economic potential, yet it continues to grapple with structural challenges that impede its growth. The latest surveys conducted by the Gozo Regional Development Authority (GRDA) and the Gozo Business Chamber (GBC) provide valuable insights into the pressing issues facing businesses on the island. Here I note that while the GRDA is the driving force behind these surveys, still, I wonder why they are not including the Gozo Tourism Association (GTA) which represents the main tourism sector in Gozo. These challenges, ranging from workforce shortages and inflationary pressures to inefficient transportation systems and sector-specific struggles, demand immediate and strategic action. Without timely interventions, the Gozo risks undermining its economic resilience and stifling its future potential. A central issue is the imbalance in the labour market caused by an expanding public sector. While public service employment offers stability and appeal, its unchecked growth is drawing a significant portion of the labour force away from the private sector. This practice, often driven by political considerations to secure votes, comes at the cost of private sector dynamism. Sectors such as tourism, manufacturing, and retail, which form the backbone of Gozo’s economy, are struggling to find the workforce they need to sustain operations and grow. This labour market distortion requires immediate policy reform.

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    Prime Minister Drew Encourages the Region to Look to St. Kitts-Nevis as a Model of Innovation
    Green Finance & EconomyDecember 16, 2024

    Prime Minister Drew Encourages the Region to Look to St. Kitts-Nevis as a Model of Innovation

    Prime Minister Hon. Dr. Terrance Drew has issued a rallying call for Caribbean nations to adopt St. Kitts and Nevis as a model for implementing innovative policies that improve quality of life and empower citizens. Speaking during an appearance on Freedom FM’s ‘Issues’ talk show, Dr. Drew outlined key initiatives under his administration that have set the Federation apart as a leader in sustainable development and social advancement. “St. Kitts and Nevis is leading in areas critical to sustainable development —from our revolutionary ASPIRE program to universal healthcare for children and free education through the college level, we are demonstrating what is possible when governments prioritize the well-being and future of their people,” said Dr. Drew. He continued, “I encourage our Caribbean neighbors to study these strategies and adapt them for their own national needs. Together, we can create a region that is more inclusive, resilient, and prosperous.”

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    Caribbean Development Bank appoints Barbadian Daniel Best as its seventh president
    Green Finance & EconomyDecember 6, 2024

    Caribbean Development Bank appoints Barbadian Daniel Best as its seventh president

    Excerpt and Photo from barbadostoday.bb The Board of Governors of the Caribbean Development Bank (CDB) announces the election of Barbadian Daniel Best, as the seventh president of the institution. The bank said the decision, reached today, underscores its commitment to visionary leadership and sustainable development across the Caribbean region. “Best brings a wealth of experience and a deep understanding of the region’s development challenges and opportunities. With a distinguished career spanning over 20 years in development finance, policy planning, and infrastructure investment, he is well-positioned to lead the CDB into its next chapter of impactful regional transformation,” the bank said. As President, Best will oversee the bank’s strategic direction, focusing on its core mandate to reduce poverty and inequality while fostering inclusive and sustainable growth. Under his leadership, the bank aims to build on its legacy while addressing emerging challenges and opportunities in a rapidly changing global landscape.

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    Notes From The East: Andamans Need Development, But With Great Care
    Green Finance & EconomyNovember 26, 2024

    Notes From The East: Andamans Need Development, But With Great Care

    Excerpt and featured photo from swarajyamag.com Nestled over a thousand kilometres off India’s eastern coast, the Andaman and Nicobar Islands often remain out of sight and mind for most. But the tides are turning! The biodiversity-rich archipelago, once overshadowed by the mainland, is now front and centre in the Central government’s bold modernisation push. History was made this Sunday as AirAsia’s inaugural international flight from Kuala Lumpur touched down at Veer Savarkar International Airport in Sri Vijaya Puram (Port Blair)—ending a 22-year-long wait for international air connectivity. The airport’s state-of-the-art terminal, which opened on 18 July 2023, boasts a striking sea-shell-inspired design and a capacity to handle 5 million passengers annually. Renamed in 2002 to honour the revered freedom fighter Vinayak Damodar Savarkar—who endured incarceration in the infamous Port Blair’s Cellular Jail during India’s fight for independence—the airport stands as both a gateway and a tribute to history.

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    COP29: Nauru unveils ‘groundbreaking’ citizenship by investment scheme for climate action
    Green Finance & EconomyNovember 15, 2024

    COP29: Nauru unveils ‘groundbreaking’ citizenship by investment scheme for climate action

    Nauru has launched a “groundbreaking” citizenship by investment scheme at the United Nations climate change summit COP29 in Baku, Azerbaijan. The Micronesian island nation is the world’s smallest independent republic and the third-smallest country, with an estimated population of 11,000. Its Minister for Climate Change and National Resilience, Asterio Appi, announced the ‘Nauru Economic and Climate Resilience Citizenship Programme’ while addressing COP29 delegates on Thursday. “The innovative financing initiative [offers] an opportunity for conscientious investors to acquire an additional citizenship while contributing to climate adaptation and sustainable development projects in the Pacific region,” the Nauru government said in a statement. It said that the international investment migration advisory firm Henley & Partners has been appointed to design, set up, and manage the program.

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