Sustainable Ocean Fund

active

The Caribbean and Central America are characterized by a great wealth of marine biodiversity and natural resources. The effects of climate change and human activities are increasingly threatening this wealth. Causes of the degradation of marine natural resources include pollution and littering as well as unsustainable forms of fishing and tourism. The overarching development policy objective of the FC measure is to improve the living conditions and resilience of the population on the coasts of the Caribbean through the protection and sustainable use of natural resources, the preservation of biodiversity and waste recycling. The module objective is to promote sustainable small and medium-sized enterprises (SMEs) in the Blue Economy. The project sponsor is the Sustainable Ocean Fund, an impact investment fund based in Luxembourg. The target groups of the measure are selected SMEs active in the Caribbean in the fields of sustainable fishing and aquaculture, circular economy and marine conservation, nature tourism and sustainable coastal development, which should be enabled by the project to increase their competitiveness.