Phase 2 of the Caribbean Challenge Initiative

The second Phase of the CCI was launched on May 17th, 2013 at the CCI Summit of Caribbean Political and Business Leaders and a strategic plan  prepared to facilitate implementation of the CCI Goals.

Mission:

To support livelihoods and the economic and social future of the countries and territories of the Caribbean, the second phase of the Caribbean Challenge Initiative will accelerate and expand efforts to safeguard the region's marine and coastal environment.

 

Goal #1: '20 by 20': To effectively conserve and manage at least 20 percent of the marine and coastal environment by 2020.

REGIONAL LEVEL ACTIONS:

  • Implement regional actions on priority themes (e.g. sustainable fisheries and tourism) highlighted in Leaders Declaration.
  • Expand and strengthen the Caribbean Marine Protected Area Management Network and Forum (CaMPAM)
  • Advance efforts toward region-wide shark / ray protection building on the commitment in the Summit Communiqué endorsed by the Summit co-hosts.

NATIONAL / TERRITORY LEVEL ACTIONS:

Expand and strengthen Marine Protected Area Networks in each country/territory with support of a wide range of partners. The '20 by 20' Goal also requires actions to address a range of threats and ensure that MPAs and their surrounding buffer zones are effectively managed. 

  • Establish and effectively manage marine and coastal protected areas
  • Restore marine and coastal resources, including coral reefs, mangroves and other marine habitats of importance
  • Promote sustainable coastal tourism
  • Promote a sustainable fisheries sector
  • Promote and implement ecosystem-based adaptation actions (climate change)
  • Reduce major sources of pollution impacting the marine environment 

 

Goal #2: To achieve the "20 by 20" Goal, to have in place fully functioning sustainable finance mechanisms that will provide long-term and reliable funding to conserve and sustainably manage the marine and coastal resources and the environment in each participating country and territory.

REGIONAL LEVEL ACTIONS:

  • Operationalize and grow the Caribbean Biodiversity Fund (CBF) (Hyperlink to CBF Page). 
  • Convene a Financing Roundtable in late 2014 (as called for in the Leaders Declaration), designed to catalyze additional public and private funding support, including capital for the trust funds described above.

NATIONAL / TERRITORY LEVEL ACTIONS: 

  • Establish national / territory conservation trust funds (CTFs) and develop sustainable finance mechanisms to help capitalize CTFs. Trust funds will be legally established and operationalized in order to begin grant-making programs. 

PHASE II STRATEGIC PLAN SUSTAINABLE FINANCE

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Contact CCI

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CCI Secretariat, St. George’s Grenada

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+1 473-440-2708

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secretariat@caribbeanchallengeinitiative.org

 

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