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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
    Seychelles to have new research station on Aldabra Atoll and “Aldabra House” on Mahe
    Green Finance & EconomyMay 24, 2024

    Seychelles to have new research station on Aldabra Atoll and “Aldabra House” on Mahe

    The Seychelles Islands Foundation (SIF) will undertake the construction of the Aldabra House at Providence and rebuild the research station on the Aldabra Atoll in the coming months to improve its services. The Royal Society, one of the oldest scientific societies in the world and also the United Kingdom’s National Academy of Sciences, built the Aldabra research station during the colonial era, and work was completed in June 1971. The station is administered today by the SIF, a non-profit charitable organisation established as a public trust by the government of Seychelles in 1979. SIF manages and protects Seychelles’ two UNESCO World Heritage Sites – the Aldabra Atoll and the Vallee de Mai Reserve on Praslin Island – the second most populated island. The chairperson of the SIF board of trustees, Bernard Georges, told reporters, “There is a need to rebuild the station as there has been erosion at the site, and we now have to move the building.”

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    South Aegean: A hub of sustainability and innovation
    Green Finance & EconomyMay 17, 2024

    South Aegean: A hub of sustainability and innovation

    **Astypalaea, Halki and Tilos. You may not have heard of these small, remote Greek islands in the South Aegean, but they all share something in common: ambitious goals despite their small size.** For decades, islands like these have been considered merely remote stops on ferry routes that had to be supported by state subsidies – no business wants to operate at a loss. They were considered unprofitable compared to the big islands like Santorini and Mykonos, which attract large numbers of visitors. Today, however, these islands are attracting global attention for their green prospects and innovation-focused initiatives. The trio is adopting a range of measures of environmental conservation, sustainability and innovation, some of which are shining examples of best practice.

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    Achieving Resilient Fiscal Sustainability for SIDS
    Green Finance & EconomyApril 11, 2024

    Achieving Resilient Fiscal Sustainability for SIDS

    Excerpt and Photo from thecommonwealth.org The year 2024 provides a crucial opportunity to accelerate action and implementation strategies to ensure resilient fiscal sustainability and stronger risk mitigation arrangements against exogenous shocks for Small Island Developing States (SIDS). The EU Copernicus Climate Change Service evidence shows that global warming during February 2023 to January 2024 reached 1.52C. This suggests growing existential threat for SIDS with potentially frequent and more severe hurricanes. Mauritius, for example has already experienced three successive cyclones in 2024. SIDS constitute rich cultural heritage and diversity spanning across different regions in the Caribbean, the Pacific, and Africa. SIDS have strong global interlinkages based on their heritage, culture, economic and geopolitical locations. Many are actively engaged in building resilience for adaptation and mitigation against their existential threats. Belize and Malta, for example have been diversify their tourism industries, whilst Mauritius has been undertaking economic diversification. General government debt accumulation in most SIDS is significant. During the covid-19 pandemic, SIDS registered a sharp debt increase in terms of absolute values and as a share of GDP leading to debt distress levels in some SIDS economies.  Consequently, SIDS have taken the lead in pursuing innovative financing instruments that reduce public debt and create the necessary fiscal space for essential investments, including economic diversification, especially those related to climate resilience.

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    Why Time Is Running Out Across the Maldives’ Lovely Little Islands
    Green Finance & EconomyApril 11, 2024

    Why Time Is Running Out Across the Maldives’ Lovely Little Islands

    To live in the Maldives is to live in one of two worlds. Either you belong to the capital — Malé, a micro-Manhattan in the Indian Ocean — or you are out in “the islands,” among the quietest and most remote villages this side of the Arctic tundra… The outer islands are steadily depopulating, as the appeal of making a life through tuna fishing and coconut farming along their crushed-coral seashores shrinks. The splendid isolation may be what attracts visitors, but it seems incompatible with islanders’ aspirations in a nation modernized by global tourism. As Maldivians give up on island life, the government feels compelled to keep building up Malé, the country’s one real city. But Malé is already pressed up hard against the limits of human habitation.

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    Prince Edward Island Leading by Example
    Green Finance & EconomyMarch 28, 2024

    Prince Edward Island Leading by Example

    As a young person from the vibrant island nation of Trinidad and Tobago, I am thrilled to share my excitement about attending the upcoming [Global Sustainable Islands Summit 2024](https://islandinnovation.co/events/global-sustainable-islands-summit/), set to take place in the enchanting province of Prince Edward Island (PEI). This summit holds immense promise, not only in terms of professional development, but also in the opportunity it presents to explore and contribute to the crucial dialogue surrounding sustainability and green technology. PEI’s commitment to achieving net-zero emissions by 2040 is commendable, and sets a remarkable precedent for islands worldwide. It’s inspiring to witness a place — Canada’s smallest province, nestled in the Maritime region — dedicated to propelling renewable energy and embracing green initiatives, aligning perfectly with my aspirations for a more sustainable future. The summit’s venue, the renowned Rodd Crowbush Resort, promises to provide an ideal setting for meaningful discourse and collaboration. From state-of-the-art meeting facilities to tranquil oceanfront views, every aspect seems meticulously designed to foster productive discussions and moments of reflection alike.

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    Bridging the sustainability gap between Caribbean Nations
    Green Finance & EconomyFebruary 13, 2024

    Bridging the sustainability gap between Caribbean Nations

    Excerpt and Photo from climatetrackercaribbean.org “It is imperative that we devise strategies to bridge the sustainability gaps between Island Nations.” Words from James Ellsmoor, founder and Director of Island Innovation, a network operating across island communities across the globe. Serving as a beacon of hope in the Caribbean, the organization’s major role is to convey people and stimulate information-sharing to implement innovative solutions to pressing environmental challenges. For years, Island Innovation has spearheaded sustainable development in the Small Island Developing States (SIDS). The organisation does not directly implement projects on the ground. Rather, they have a network of non-governmental organizations, the private sector, media, universities and academia and serve as a bridge across all these sectors whilst considering their respective roles.

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    Building plans for Cleantech Innovation Centre unveiled
    Green Finance & EconomyDecember 18, 2023

    Building plans for Cleantech Innovation Centre unveiled

    Excerpt and Photo from princeedwardisland.ca Plans for the Cleantech Park in Georgetown, which include the Cleantech Innovation Centre (CIC), were made public today. CIC will house the Cleantech Academy, a joint initiative between Holland College and UPEI. Students will work collaboratively with local industry to develop cutting-edge environmental solutions that can be brought to market. Early design plans include net-zero ready elements. Demonstrating the province’s commitment to carbon sequestering, the building will use an exposed timber structural system. It will be as airtight as possible, reducing the amount of energy used by the building with passive solar windows, along with planted and reflective roof surfaces. The building’s planned solar panels will not only generate energy but will also be a roof top classroom where various types of solar panels can be installed so students and researchers can study, test and collect solar energy data in real-world conditions. Digital dashboards will be located throughout the centre to show instant readings on the building’s energy use and energy savings. The inaugural program, unveiled by the Cleantech Academy in partnership with Holland College, is the post-graduate certificate in [Sustainable Business Leadership(link is external)](https://www.hollandcollege.com/programs/sustainable-business-leadership-post-graduate-certificate.php). This program is designed to empower students with the knowledge, essential skills, and practical experience required to spearhead organizations toward sustainable practices and implement innovative cleantech solutions.

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    Can Avinash Persaud Convince Capitalists to Embrace Green Growth?
    Green Finance & EconomyDecember 5, 2023

    Can Avinash Persaud Convince Capitalists to Embrace Green Growth?

    Avinash Persaud is impatient with his audience. “I was born into the moral imperative of development,” he tells diplomats gathered in March at the G-20 Sherpas Meeting in India. “My growing up was a realization that moral imperative is not enough.” Development officials have descended on the lush coastal state of Kerala to discuss “woman-led development,” “bridging the digital divide,” and other subjects on which moral grandstanding is endemic. Persaud seems short-tempered. He rushes through a flat personal introduction and moves on to the proposal he was invited to discuss: a plan to lower the cost of borrowing for green investment in poor countries. India, this year’s G-20 president, has asked this statesman from a tiny Caribbean island to give the keynote address. Since 2020, Persaud, who is climate envoy to Barbados Prime Minister Mia Mottley, has vaulted to prominence in the small and sharp-elbowed world of development finance, advising big industrializing economies such as Brazil and Pakistan. His warm reception in India is partly due to the lectures he won’t deliver. He is trying fix a lopsided global financial system, not nagging anyone to shut off coal.

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    Turks And Caicos Islands, The Delicate Balance Between Development And Preservation
    Green Finance & EconomyNovember 21, 2023

    Turks And Caicos Islands, The Delicate Balance Between Development And Preservation

    Like myself, some citizens are often skeptical about any major developments and rapid population growth across these islands. It is seen as a danger in commoditising deeply held traditions so closely linked to individuals and our collective identity. But there is a caveat. Many still see it as the primary way to keep these tiny islands alive and to survive. Tourism is the bread and butter of this tiny British Overseas Territory, with close to US$800 million annually. This alone corresponds to approximately 75% of the country’s gross domestic product. Although Providenciales is the main hub for visitors via air travel, many are unaware that the sister islands are only a hop, skip and a jump away either by an interconnecting flight or the local ferry boats. In recent years, visitors have been flocking to the historical island of Grand Turk which is the capital of Turks and Caicos Islands, although, in terms of development, it may not appear to be. On this island in particular, over 80 percent of the residents depend to some extent on tourism. Grand Turk has a number of the amenities as most major cities, but still gives you that small town feel. Like the sister island, Salt Cay, some supplies are limited. There is a fairly large selection of groceries at the supermarkets, however, healthy foods come at a high price. What residents and visitors can depend on is fresh catch of the day, which is regularly available by the local fishermen at reasonable prices. Those in the tourism business tend to try and earn as much of their income as possible from visitors during the peak tourism season which is between November and April.

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