Two separate grant agreements between Seychelles and the European Union were signed on December 10. The two agreements will provide as much as $6.4 million in order to help foster sustainable development and fight the effects of climate change in the archipelago nation.

The two agreements come on the heels of warnings from both the UN and the World Bank Group about the potential of climate change to exacerbate poverty in coastal communities. Seychelles’ economy—dependent chiefly upon tourism and tuna hauls—is particularly vulnerable to effects of climate change.

Recently, Seychelles has become something of a regional leader in the fight for sustainable development. Seychelles has already reached the majority of the UN Millennium Development Goals, and is now advocating the adoption of “blue economy” principles, which emphasize the protection of maritime resources and the economic potential of the Indian Ocean’s fishing, shipping, energy and tourism sectors.

Seychelles Foreign Affairs Minister John-Paul Adam believes that the development of the blue economy could allow the Indian Ocean to become a hub of sustainable ocean management and resiliency in the face of a changing climate. Adam, speaking at the 38th annual ministerial meeting of the G77 plus China, said, “The blue economy provides a blank canvas to many developing countries to charter a completely new sustainable development pathway that is to their best interest.”

In a press statement at the same meeting, Adam called for cooperation amongst southern hemisphere nations in science and technology in order to bolster blue economy sectors. Seychelles is also doing its part in building regional cooperation, strengthening bilateral ties with Fiji in the fisheries sector.

Seychelles’ efforts to sustain development and mitigate the compounding effect of climate change on poverty exemplify the kind of regional leadership that will be necessary in meeting the UN Sustainable Development Goals. Similarly, the EU grants will need to be replicated by wealthy nations in order to provide developing nations with the financial resources necessary to not only continue developing, but to do so in a sustainable and climate-conscious way.

– Parker Carroll

Sources: Chatham House, Seychelles News Agency 1, Seychelles News Agency 2, Ventures Africa
Photo: Seychelles News Agency