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Business Solutions to Support Blue-green Economies

Business Solutions to Support Blue-green Economies

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Improving infrastructure to enhance connectivity within and between Pacific island nations, and with larger economies in Asia, Oceania, and North America can lower transaction cost, expand new business opportunities, and help generate an environment that supports stronger job-creation in the Pacific. (Photo: ADB Photo Library)

Improving infrastructure to enhance connectivity within and between Pacific island nations, and with larger economies in Asia, Oceania, and North America can lower transaction cost, expand new business opportunities, and help generate an environment that supports stronger job-creation in the Pacific. (Photo: ADB Photo Library)

The World Wildlife Fund for Nature (WWF), the world’s largest conservation organization, have teamed up with the Pacific Island’s Development Forum (PIDF) Secretariat in designing and building a business to business forum (B2B) for the Pacific with the vision to create business solutions that support and impact highly on Green-Blue economies.

WWF-Pacific and the PIDF Secretariat will seek business, CSO and donor partners to jointly develop, finance and convene the regional business to business forum for the Pacific addressing business practices that contribute to sustainable natural resource management.

The B2B forum will be styled and viewed as an extension to the Coral Triangle Initiative on Coral Reefs, Fisheries and Food Security (CTI-CFF) Regional Business Forum (CT RBF), also initiated by WWF together with development partners and the six Coral Triangle countries – namely, Solomon Islands, Papua New Guinea, Indonesia, Malaysia, Philippines and Timor Leste.

WWF-Pacific Representative, Kesaia Tabunakawai is excited about this opportunity to contribute to the development of island economies that are sensitive to the need for sustainable resource management for island food security and enduring livelihoods.

“The Pacific Ocean and Islands support the world’s richest fisheries, most expansive and diverse coral reefs, magnificent areas of tropical forests, and contain many species not found anywhere else on earth,” Tabunakawai said.

WWF Pacific Representative Kesaia Tabunakawai with PacificIslands Development Forum interim Secretary General Feleti Teo.  Photo: WWF Pacific

WWF Pacific Representative Kesaia Tabunakawai with PacificIslands Development Forum interim Secretary General Feleti Teo. Photo: WWF Pacific

Since its inception, this regional platform has seen fishing companies, seafood retailers, financial institutions, and travel and tourism operators in the Coral Triangle publicly announce concrete steps to reduce their impact on the marine environment by adopting more responsible business practices. A number of these industries are global players and operate in the Pacific as well.

Tabunakawai said a B2B forum provides the platform for gathering all players including the industry, government, communities, media and academia.

“It provides the opportunity to showcase innovation and best practices by the private sector and to encourage meaningful Public Private Partnerships (PPP) that aim to reduce industry footprint on the environment, better manage natural resources, are inclusive and provide more equitable sharing of benefits – building blue economies,” she said.

The setup of the B2B forum and the Pacific Ocean Future Sustainability Forum are two main outputs of a Memorandum of Understanding, reviewed annually, for collaborative efforts between WWF-Pacific and the PIDF.

(Story courtesy of WWF Pacific)

Avatar of Coral Triangle Written by Coral Triangle

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