Caribbean leaders are stepping up calls for sustainable ocean financing following the conclusion of the 3rd United Nations Ocean Conference, or UNOC3.
At a key side event titled “Actioning Blue: Unlocking Sustainable Ocean Financing and Enhanced Ocean Coordination for Caribbean SIDS”, convened by the Caribbean Biodiversity Fund, Government of Grenada, OECS, and international donors, participants emphasized regional leadership and tailored solutions.
Grenada’s Climate Ambassador, H.E. Safiya Sawney, stressed that while global science and ambition are important, Caribbean nations must lead their own ocean strategies, calling for greater recognition of SIDS’ unique needs. Meanwhile, Dr. Jens Mackensen of the German Development Bank (KfW) urged financing models focused on real-world impact and more adaptive funding tools.
The panel spotlighted mechanisms such as blended finance, climate-linked investments, and improved coordination and equity in access to funding. Dr. Kina Murphy of Campaign For Nature warned that current global funding falls short of promises made in the Kunming-Montreal Global Biodiversity Framework, with the 2025 financing target approaching fast.
The event capped a week of strong regional engagement, reinforcing the Caribbean’s message: solutions and political will are in place, but progress hinges on the international community fulfilling its financial commitments and giving SIDS a central voice in designing support mechanisms.
