SIDS-FOCUSED Green Economy

Synthesis Report

Transitioning to a green economy will require introducing specific measures for policy planning and institutional reform, sustainable financing, investment in technology and building awareness. The existing FAO Code of Conduct for Responsible Fisheries and its related international agreements provide a strong framework for the sector, but will need resources and incentives for implementation at national and regional levels. Initial upfront costs can be covered by resource rent gained from foreign fleets engaged in offshore fishing. The development and investment in ‘green’ technologies such as efficient fishing methods, energy-efficient refrigeration technologies and improved waste management in fish handling and processing also need to be supported. In the aquaculture sector, preference should be given to low-impact operations complying with internationally recognised certification standards with regards to feeds, water quality and coastal habitat degradation in particular, to ensure the sector’s rapid development contributes to environmentally sustainable growth. Building industry and consumer awareness will support sustainable fisheries and aquaculture farms that provide fair and equitable benefits to those employed in the sector and their communities.

Millions Number of people employed in fishery, world estimate Small-scale fishery, large employment

120

110

100

90

80

70

SIDS-FOCUSED Green Economy: AN ANALYSIS OF CHALLENGES AND OPPORTUNITIES 60

50

40

30

20

10

Large scale

Small-scale

Post-harvest worker Fishermen

Source: World Bank - FAO – WorldFish Centre, The Hidden Harvests, 2010.

10