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Seychelles promotes MSP at ‘Our Oceans’ conference

The Seychelles government will establish up to 400,000 square kilometres of marine protected areas by 2020 as part of a comprehensive marine spatial plan for its entire exclusive economic zone.  This will be achieved via a debt swap of up to $27 million with its Paris Club creditors and the government of South Africa, with the support of the Nature Conservancy and private capital investors interested in marine conservation. The announcement was made by Rebecca Loustau- Lalane, the principal secretary in the Blue Economy Department, on the main stage of the recent ‘Our Ocean conference’ at the US State Department in Washington D.C. Also attending the two-day conference was the chief executive of Nature Seychelles, Dr Nirmal Jivan Shah, who said that the main aim of the conference was to galvanise countries and institutions to do something real to protect this lifeblood of humanity.

Photo: Seychelles Nation

Photo: Seychelles Nation

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(Seychelles Nation 24 Sep 2016)

National Geographic Magazine

Seychelles featured in National Geographic Magazine!  From the article:  “Restoration efforts are giving vulnerable native species a second chance on islands in the Indian Ocean. Privately owned St. Joseph Atoll was once commercially exploited for fish and coconuts but is now prized for its marine biodiversity and seabird colonies. In 2014 the island was made a nature reserve with a marine protected area. Its conservation is managed by the Save Our Seas Foundation.  High tide in Aldabra lagoon finds green turtles grazing on sea grass. Here and on other Seychelles islands, exploitation by humans has given way to admiration and a desire to protect and restore.

Photo: Manu San Felix/National Geographic, shot during Pristine Seas Expedition to Seychelles, March 2015.

Photo: Manu San Felix/National Geographic, shot during Pristine Seas Expedition to Seychelles, March 2015.

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(National Geographic Magazine)

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)