Grenada: Maritime Economy Plan (2021)
This Maritime Economy Plan is a partnership initiative between the Governments of the UK and Grenada. It provides an overview of the existing maritime economy of Grenada and sets out priorities and actions that aim to help the country demonstrate a clear vision and direction that takes account of national issues, international commitments and the challenges of a Small Island Developing State. Actions support economic growth, livelihoods and jobs and reduce losses from natural hazards, weather events and climate change. The overall objective is to help grow the national economy in a way that reflects the aims of the Commonwealth Charter, including good governance, sustainable development, gender equality and recognising the needs of small and vulnerable States.
The principles of low carbon, resource efficiency and social inclusion have been used to shape the development of this Plan. This is compatible with the concept of the ‘blue economy’, which first emerged at the 2012 Rio+20 United Nations Conference on Sustainable Development and recognises the need to maximise the vast economic potential of the ocean while also preserving it for current and future generations. Progress towards a blue economy can help achieve a range of UN Sustainable Development Goals (SDGs), including SDG 14 (Life Below Water), SDG 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth), SDG 7 (Affordable and Clean Energy) SDG 11 (Sustainable Cities and Communities), and others.
The maritime economy includes established sectors such as fisheries, tourism and shipping as well as emerging activities such as offshore renewable energy, aquaculture and marine biotechnology. It also includes the policies and management of these sectors and of the coastal and marine environment on which these sectors rely. This Plan describes the maritime economy in terms of Bedrock / Traditional sectors and Emerging sectors, although other reports may describe it using different categories (there is no internationally agreed way to describe maritime economy sectors).
Area of interest: Grenada