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Seychelles and 100% renewable energy

The Ministry of Environment, Energy and Climate Change, in collaboration with the University of Flensburg, Germany, is developing a roadmap for Seychelles to help move towards a low carbon economy and meet its commitments under the Paris Agreement.

Photo: Joanna Smith

Photo: Joanna Smith

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(Seychelles Nation, 23 Apr 2016)

 

Seychelles and World Bank discuss Blue Economy

Finance, Trade and the Blue Economy Minister Jean-Paul Adam shared Seychelles’ experiences at a specially convened event on the Blue Economy Framework by the World Bank and underlined the opportunities created by the recently concluded debt swap agreement, as well as the prospects of mobilising additional resources from international capital markets through concepts such as a ‘Blue Bond’.

Photo: Seychelles Nation

Photo: Seychelles Nation

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(Seychelles Nation, 21 April 2016)

Seychelles debt buy back completed

Seychelles has successfully concluded the financial part of a debt buyback process and can go ahead with its plans for marine conservation and climate change adaptation works, the finance minister said Tuesday. Seychelles’ Minister of Finance, Trade and the Blue Economy, Jean-Paul Adam, told a news conference that the financial stage of the buyback of Paris Club debt is now completed.

Photo: Gerard Larose, Seychelles Tourism Board

Photo: Gerard Larose, Seychelles Tourism Board

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(Seychelles News Agency, 9 March 2016)

EBM Toolbox: MSP tools in Seychelles

Marine planning tools are being developed in Seychelles by adapting tools from other geographies and incorporating input, advice and recommendations from stakeholders.  Tools need to be adapted to the specific needs, governance structures, politics, stakeholders, cultures, and styles of a new location. MSP practitioners should evaluate tools for local fit before they start using them, and they must be willing and able to adapt the tools to their specific planning process as it moves forward.

MEAM

Read full article here.
EBM Toolbox
Marine Ecosystems and Management

Building island resiliency

At the Paris Climate Talks, the Government of the Seychelles announced the protection of a vast swath of Indian Ocean that surrounds this island nation off the coast of East Africa. This forms part of a deal, facilitated by the Nature Conservancy and supported by the Paris Club, that restructures the country’s foreign debt. At this event, participants learned about what was required in order to make this happen, the conservation and adaptation benefits that were secured, and the potential for this model to be replicated elsewhere.

Produced by Peter Wood, PhD, and filmed/edited by Ben Crowe

IISD Reporting Services

IISD Reporting Services

Watch video here
IISD Reporting Services

Seychelles Conservation and Climate Adaptation Trust

The first ever climate adaptation debt swap that also includes a strong marine conservation component was finalized recently between the Government of Seychelles and its Paris Club creditors. The agreement introduces impact investing to debt swaps and provides proof of concept for other Small Islands Developing States (SIDS) to replicate.

Photo: Blue Orange Studios

Photo: Blue Orange Studios

Read press release here (NatureVest)

Debt swap explained (NatureVest video)

The Nature Conservancy article here (TNC Africa)

Innovative Debt Swap (TNC Africa)

SeyCCAT Operational

The Seychelles Conservation and Climate Adaptation Trust (SEYCCAT) has become operational after the board held its first meeting. The trust was legally established by the government of the Seychelles in November 2015 after the national Assembly approved the Conservation and Climate Adaptation Trust of Seychelles Bill (2015). The trust fund has been created with the support of the Nature Conservancy and is linked to the Seychelles Debt Swap/Buy Back and subsequently, the Seychelles Marine Spatial Planning Initiative.

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(Seychelles Nation, 30 Nov 2015)

National Geographic Pristine Seas Expedition

In its first expedition of 2015, the Pristine Seas team journeyed to the island groups of Aldabra and Cosmoledo within the Seychelles to explore their unknown marine environments. This international team of scientists and filmmakers measured and illuminated the abundance of marine life from the smallest to the largest organisms—from microbes to megafauna.

Photo: Manu San Felix, National Geographic

Photo: Manu San Felix, National Geographic

Read full article here
(National Geographic, 15 March 2015)