While a number of initiatives can be highlighted within the Caribbean, the scope and scale remains below full potential, mainly because the blue economy has not been formally recognised as an important economic driver.
One regional initiative which speaks directly to blue economy development is the Caribbean Regional Ocean scape Project, a collaboration between the OECS Commission and the World Bank. The project is focused on preserving and strengthening the “resilience of coastal and marine resources, and implementation of regional policies to stimulate blue growth”.
Within the OECS, Grenada is at the forefront of this economic transformation, having articulated a Blue Growth Coastal Master Plan, which identifies opportunities for blue growth development in areas such as fisheries and aquaculture, aquaponics, blue biotechnology, research and innovation