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Page 1
SUSTAINABLE BLUE, CIRCULAR AND
CLIMATE RESILIENT ECONOMY
FRAMEWORK AND ISLAND CATEGORIES
Defining the Elements of Blue & Circular Growth for Island
Sustainability and creation of a Sustainable Islands
Facility (SIF)
Validation Workshop – Barbados
Christina Garcia
August 8th, 2019
www.wearefactor.com
Page 2
• Project Pipeline
• Finance Guidelines
• Project Examples
Sustainable Blue, Circular and Climate Resilient Economy Pipeline
• Components
• Expected Outcomes
• Next Steps
GCF Full Funding Proposal
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
CONTENTS
Page 3
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
PROJECT PIPELINE: DEVELOPMENT
▪ 10 initial project opportunities were identified that have relevance in the Caribbean.
These opportunities include 3 blue and 7 circular projects.
▪ Identification of current initiatives for development of more comprehensive pipeline
No. Project Code
1 Deep sea water technologies (SWAC) B1
2 A blue approach to integrated coastal management (Biofuel from seagrass) B2
3 Blue Carbon (Mangrove restoration and conservation) B3
4 Reverse logistics for improved material management C1
5 Limiting the use of polystyrene C2
6 Anaerobic digestion of solid waste C3
7 Redesign of procurement guidelines C4
8 Solar water heating in domestic sector C5
9 Solar reverse osmosis desalination C6
10 Wastewater Nutrients cycling C7
Page 4
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
FINANCE GUIDELINES
▪ General eligibility criteria
▪ Deliberateness: design, implementation and communication
▪ Positive impact on SDG: #5, #6, #7, #9, #11 #12, #13, #14, #15
▪ Positive impact on NDC: reduce GHG emissions, increase resilience
▪ No harm rule
▪ Specific eligibility criteria
▪ Non-exhaustive positive list
▪ Projects with limitations
▪ Impact assessment [MRV]
▪ Circular Economy indicators (materials, clean energy, water)
▪ Social impact indicators
▪ SDG and NDC indicators
Page 5
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
FINANCE GUIDELINES: BLUE ECONOMY PROJECTS
Project Type Definition Sub-types
[1]
Living
Resources
Sustainable use of living
ocean resources by adding
value to biotechnology,
energy, pharmaceutical and
food industry sectors
• Small-scale and sustainable fishing techniques
• Sustainable fish-farming practices
• Aquaculture including biotechnology, biofuel, pharmaceuticals, and aquaponics
• Bioenergy investments including biodiesel made from microalgae and kelp
[2]
Ocean Energy
and Non-
Living
Resources
Sustainable use of non-living
ocean resources as new
material inputs in a blue
economy. Utilizing the ocean
and its resources to develop
renewable energies
• Offshore wind energy projects
• Ocean energy including tidal and wave energy,
marine current, salinity gradient power, ocean thermal energy conversion and deep-sea water
• Sustainable deep-sea mining for mineral deposits
• Use of non-living biomaterials like shell waste or sargassum that washes on shore
[3]
Ecosystem
Conservation
& Restoration
Conservation and restoration
of ecosystems protect marine
biodiversity while also function
as a natural protective barrier
• Mangrove restoration and conservation to promote
native habitats, biodiversity, serve as blue carbon
storage and protect coast from erosion, waves and storm surge
• Artificial coral reefs to protect marine biodiversity
[4]
Tourism
Blue solutions for different
tourism related products and
infrastructure
• Ocean energy;
• Sustainable and blue cruise lines• Use of alternative materials in tourist areas.
[5]
Transportation
Blue solutions for trade or
tourism transportation
• Alternative fuels to power cruise liners and ships used for trade.
Page 6
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
BLUE ECONOMY PROJECT EXAMPLE
▪ Deep Sea Water Technologies: Seawater Air Conditioning (SWAC)
▪ Bridgetown, Barbados
▪ Investment cost: US$ 50 million
▪ Alternative-energy system that uses cold water from deep
ocean as renewable source to cool buildings
▪ Increases energy savings, reduces GHG emissions,
reduces or eliminates need for refrigerants.
Page 7
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
FINANCE GUIDELINES: CIRCULAR ECONOMY PROJECTS
Project Type Definition Sub-types
[1]
Circular
Design and
Production
Increasing use of materials
assessed for safe cycling in
technical and biological
cycles. Reducing the reliance
on raw materials and
eliminating the concept of
waste.
• Materials must be selected to be safely cycledthrough biological and technical cycles
• Substitute virgin materials with secondary orrecycled materials
• Incorporate new innovative and biological-basedmaterials
• Product is designed to guarantee reliability and anextended-life
• Components are designed to be easilydisassembled to assist in product repair & recycling
[2]
Resource
Efficiency and
Effectiveness
Production promotes a
circular economy by utilizing
effective and efficient systems
• Infrastructure is designed to be energy efficient and
to produce effectively to decrease waste energyand materials
• Efficient handling of resource materials
[3]
Value
Recovery
Collection and recovery of
the biological, chemical and
technical components and
materials to be utilized as
valuable materials in new
outputs to eliminate
production of waste.
• Re-use, refurbishment and recycling of materialsand components from waste and by-products
• Utilize materials and components after use toremanufacture new products
• Energy recovery through developing energy frombiowaste and recovering process waste heat
• Reuse of treated wastewater; and
• Repurposing and redevelopment of abandonedinfrastructure and brownfield sites.
Page 8
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
FINANCE GUIDELINES: CIRCULAR ECONOMY PROJECTS (continued)
Project Type Definition Sub-types
[4] Circular
Business
Models
New business models can be
used to promote a blue and
circular economy.
• Extend use-cycle and promote next use (the sharing
economy, subscription-based services and theproduct as a service model)
[5]
Circular
Support
Develop systems where
private and public
stakeholders can collaborate
and discuss their role in a
circular economy. Free
collaboration and knowledge
sharing promote the shift to a
circular economy.
• Promote and establish networks for effectiveknowledge transfer between stakeholders
• Advocate for individuals and companies that are
developing and implementing circular technologyand innovative design
• Create a market for circular materials and products
• Establishing data management practices likedeveloping material passport norms
• Redesigning procurement guidelines
[6]
Clean Energy
Projects
Utilizing renewable energy
resources for generation of
electricity, heat, cooling or
any other form of energy.
• Onshore wind energy farms
• Solar thermal for applied use as solar water heatingin residential and tourism sectors
• Solar photovoltaic installations
[7]
Water and
Coastal
Infrastructure
Projects
Projects that address sea level
rise, water scarcity and
extreme weather events. They
must be designed with
circular principles to qualify.
• Wastewater nutrient cycling by recovering value
from wastewater sludge to convert it to a valuableresource like fertilizer or animal feed
• Recycling of industrial greywater
• Reverse osmosis desalination powered by solarenergy to address water scarcity on islands
Page 9
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
CIRCULAR ECONOMY PROJECT EXAMPLE
▪ Limiting the use of polystyrene
▪ A sustainable alternative packaging material to replace the expanded polystyrene
foam containers in Trinidad & Tobago (OAS, 2016).
▪ Expanded polystyrene (EPS) product consumption is 9 kg per citizen (trays, clamshells
and cups), and 42% of is imported.
▪ Sustainable polymers to EPS exist (insular crop residues such orange leaves and stems,
rice straw, cassava and sweet potato), and it is possible to introduce sustainable food
containers in restaurants, schools, and supermarkets.
▪ Analysis phase, consultations with stakeholders, capacity building and training,
development of new policies, monitoring and evaluation
Page 10
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
ADAPTATION PROJECTS
Project Type Definition Sub-types
[1]
Institutions
Strengthening of the
institutional capacity on
climate change and the
ability to design and
implement programs
• Integrated coastal zone management
• Coastal zone management unit
• Meteorological early warning systems
[2]
Water and
Wastewater
Protecting quality and
quantity of water and
guaranteeing inhabitants
access to it
• Water management programs
• Rainwater harvesting
• Desalination plants
[3]
Ecosystems
Mitigation of climate change
impacts through the
protection and preservation
of the ecosystems and their
services
• Beach replenishment
• Coral reef protection and restoration
• Invasive species control
[4]
Resilient
Infrastructure
Initiatives which have as a
main purpose to protect or
reinforce the infrastructure of
the island against climate
change impacts
• Seawall construction
• Green roofs
Page 11
▪ Artificial recharge well
▪ Corn Island, Nicaragua
▪ Investment cost: US$ 250,000
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
ADAPTATION PROJECT EXAMPLE
▪ Elements: artificial recharge well,
pump and monitoring system, PV
solar plant, pipes for oxygenating
groundwater, crop cover.
Page 12
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
PROJECT PIPELINE: CURRENT AND POTENTIAL
▪ Current pipeline analyzes the initiatives being carried out in the region
▪ Potential pipeline considers how current projects could be applied to similar islands
Potential Pipeline Amount (Million USD)
Bahamas BarbadosCaye
Caulker
Dominican
RepublicBay Islands Jamaica
Corn
Islands
Bocas del
ToroSan Blas
Trinidad &
TobagoTotal
Blue Economy 3.38 1.55 0.71 17.74 3.83 4.88 0.41 0.40 1.73 0.02 34.67
Blue or Circular Economy 35.08 0.32 1.39 1479.62 58.05 23.93 0.79 0.79 3.37 200.48 1803.82
Circular Economy 146.40 100.45 3.17 6.21 175.61 0.84 1.81 1.79 7.69 0.40 444.38
Total 184.86 102.32 5.27 1503.57 237.49 29.66 3.01 2.99 12.79 200.90 2282.87
Current Pipeline Amount (Million USD)
Bahamas BarbadosCaye
Caulker
Dominican
RepublicHaiti Bay Islands Jamaica
Corn
Islands
Regional
Panama
Trinidad &
TobagoTotal
Blue Economy 1.14 4.61 1.30 0.16 2.60 3.83 0.00 0.00 43.15 2.29 59.08
Blue or Circular Economy 0.32 47.74 1.60 80.00 129.02 58.05 401.50 0.00 117.04 1.00 836.27
Circular Economy 100.45 146.40 65.00 0.00 1.00 175.61 0.85 45.00 0.20 0.40 534.91
Total 101.91 198.75 67.90 80.16 132.62 237.49 402.35 45.00 160.39 3.69 1430.26
Page 13
• Developing the Project Pipeline
• Finance Guidelines
• Project Examples
Sustainable Blue, Circular and Climate Resilient Economy Pipeline
• Components
• Expected Outcomes
• Next Steps
GCF Full Funding Proposal
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
CONTENTS
Page 14
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
GCF FULL FUNDING PROPOSAL
▪ Sustainable Island Facility: Blue and
Circular Growth for Resilient
Caribbean Islands
▪ Support islands to face their
particular sustainable
development challenges
through investing in resilient
projects with an emphasis on
island ownership
▪ Development of
methodological approach to
achieve a lasting paradigm shift
Page 15
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
GCF FULL FUNDING PROPOSAL
▪ Identification of challenges and barriers that Caribbean islands face
▪ Facility interventions are designed to directly target key challenges
1. Validate Pipeline2. Sustainable Island
Investments
3. Policy Dialogue and Reforms to
achieve NDC goals
4. Sustainability Financing
Planning Barriers
Financing Barriers
Strategy and Policy Barriers
Pro
ble
mB
arr
iers
Fa
cil
ity
Inte
rve
nti
on
s
Islands face challenges that limit their changes of sustainable development and make them highly vulnerable to
climate change.
Page 16
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
GCF FULL FUNDING PROPOSAL
▪ Outputs expected for each of the Facility Interventions
▪ General outcomes expected from the generated outputs that contribute to a
Paradigm Shift
Establish plans to introduce blue and circular economy concepts to spark sustainable growth and climate resilience. Roadmaps will facilitate investments for
project development.
Implement projects that target vulnerable islands to increase climate resilience through a blue and circular economy
approach.
Contribute to achieving NDC targets and create a regulatory
environment that promotes sustainable growth initiatives.
Increase Access to climate financing to public and private sectors to development new sustainable blue and circular
economy initiatives.
• Help islands to become more self-sustaining
• Increase renewable energy production which decreases carbon emissions
• Increases climate resilience on islands
• Reduce production of solid waste
• Contribute to NDC targets
• Increase capacity to plan, develop and implement blue economy initiatives
• Improve policy frameworks and increase institutional and regulatory systems to promote sustainable blue and circular economy development with an emphasis on climate resilience
• Decrease financial barriers for the development of new technology and initiatives
• Promote knowledge transfer and partnerships for island territories
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Page 17
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
COMPONENT: VALIDATE PIPELINE
▪ Objective: Validate the previously developed pipeline by the islands so that they
integrate the concepts of climate resilience, Blue and Circular Economy into each
island’s planning and actions to spark sustainable growth and climate resilience.
▪ Outputs: Validated pipeline to be financed.
•Inception
•Validation exercise which considers priority areas
•Final pipeline for financing
Validation Pipeline
•Approval by local government
•Implementation
•Monitor progress
Implementation•Evaluate and report on implementation
Reporting
Page 18
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
COMPONENT: SUSTAINABLE ISLAND INVESTMENTS
▪ Objective: Promote resilient, Blue and Circular economy investments.
▪ Focus on 6 major project areas identified as key priority areas for islands.
▪ Outputs: 22 Sustainable island investment projects will be identified for implementation
with the Facility’s support.
CleanEnergy
Blue Economy
Circular Economy
Water and Wastewater
ResilientInfrastructure
EcosystemRestoration
Mitigation Adaptation
Page 19
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
COMPONENT: POLICY DIALOGUE AND REFORMES TO ACHIEVE NDC GOALS
▪ Objective: Build capacity for government entities and selected stakeholders with the
aim of inspiring policy reform to achieve NDC goals.
▪ Facilitate roundtable dialogues with representation from all priority sectors especially:
▪ Energy
▪ Blue and Circular Economy
▪ Water and wastewater
▪ Infrastructure
▪ Ecosystem services
▪ Outputs: 11 policy dialogues held in each of the islands and 11 reports summarizing
the discussion and commitments.
Page 20
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
COMPONENT: SUSTAINABILITY FINANCING
▪ Objective: Increase access and provide guidance on sustainability bonds and loans
to public and private sectors to develop new sustainable blue and circular economy
initiatives. for islands to access sustainability bonds and loans.
▪ Capacity building will be delivered in coordination with each island’s Ministry of
Finance or other government entity that takes on this role to define:
▪ Preparation of sustainability bond and loan framework
▪ Identification of a portfolio of eligible expenditures
▪ How to evaluate initiatives and framework documentation
▪ Accessing sustainable finance markets
▪ Outputs: 11 action plans for accessing financing and 11 capacity building events to
present action plans.
Page 21
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
COMPONENT 4: SUSTAINABILITY FINANCING
▪ Potential resilient, Blue and Circular economy initiatives identified for the region:
Initiative Category Potential Resilient, Blue and Circular Economy Initiatives
Clean Energy
• Development of projects that promote the generation, transmission and distribution of circular
renewable energy like wind and solar
• Development of innovative blue energy projects like deep sea air conditioning and marine
energy
• Increase access to clean energy
Blue Economy
• Blue bonds to finance ocean-based products and innovation
• Ocean energy
• Aquaculture business development
• Exploitation of living resources like fisheries
Circular Economy
• Development of waste collection and treatment services
• Establishment of recycling system
• Product as a service development
Water and Wastewater
• Use of water meters to promote efficient use of water
• Projects to support the collection, treatment and reuse of wastewater
• Rainwater collection and regenerated water for use in agriculture or gardens
Resilient Infrastructure
• Develop seawalls for more resilient coasts
• Infrastructure to freshwater and wastewater services
• Energy efficiency measures implemented in public and private buildings
• Structural adaptation of building, use different construction materials and design structure to
withstand high winds and temperatures
Ecosystem Restoration
• Coral reef restoration
• Mangrove and swamp reforestation
• Ecosystem conservation
• Initiatives to address invasive species (lionfish, sargassum, etc.)
Page 22
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
EXPECTED OUTCOMES
• Help islands to become more self-sustaining and efficient
• Increase renewable energy production which decreases carbon emissions
• Increases climate resilience on islands
• Reduce production of solid waste
• Contribute to NDC targets
• Increase capacity to plan, develop and implement blue economy initiatives
• Improve policy frameworks and increase institutional and regulatory systems to promote sustainable blue and circular economy development with an emphasis on climate resilience
• Decrease financial barriers for the development of new technology and initiatives
• Promote knowledge transfer and partnerships for island territories
▪ The Facility aims to help islands to unlock their sustainable growth potential through
policy reforms and investment in projects that can achieve a transformative shift
towards climate resilience.
Page 23
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
PARADIGM SHIFT
1. Increase Climate Resilience
2. Transition to the Blue Economy
3. Transition to the Circular Economy
Sustainable Island Growth
▪ Fundamentally change island economies by specifically targeting the particular
needs of islands through its methodological design to harness the potential of
sustainability, Blue and Circular Economy with climate resilience at its core.
▪ Finance bankable projects developed with public and private sectors will cause the
following paradigm shifts:
Page 24
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
NEXT STEPS
▪ Accredited Entity: Responsible for presenting, supervising, managing and monitoring
funding application
▪ Executing Entity: Direct implementer of funding proposals.
▪ GCF project approval depends on the support of the island.
▪ National Designated Authorities are the point of communication with GCF and their
endorsement of the project is necessary for approval
Funding Proposal Assessment Board DecisionLegal
ArrangementsImplementation
▪ NDA no-objection letter
▪ Feasibility study
▪ Economic and financial analysis
▪ Budget
▪ Monitoring and evaluation plan
▪ Timetable
▪ Environmental and Social
Standards document
▪ Gender assessment
▪ Legal due diligence
Page 25
Defining the Elements of Blue & Circular Growth for Island
Sustainability & Generation of Project Ideas
FINAL REMARKS
▪ Identified need throughout Caribbean islands to promote sustainable development
projects focusing on the following sectors:
▪ Clean Energy
▪ Blue Economy
▪ Circular Economy
▪ Water and Wastewater
▪ Resilient Infrastructure
▪ Ecosystem Restoration
▪ A regional initiative that focuses on knowledge transfer and scaling up or down
initiatives can promote sustainable development in different island contexts.
▪ The development of a GCF Full Funding Proposal can unlock the region’s potential
but can only be made possible through island support.
www.wearefactor.com
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