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Make Space For Innovative Solutions, A-G Tells

“To get there, we should make space for innovative solutions, including the use of blue bonds, which we believe can play a key role in our economic comeback.”
19 Nov 2020 09:41
Make Space For Innovative Solutions, A-G Tells
Attorney-General and Minister for Economy Aiyaz Sayed-Khaiyum. Photo: Department of Information

 

Restrictions on ocean management will not be relaxed for the sake of immediate economic growth, said Attorney-General and Minister for Economy,  Aiyaz Sayed-Khaiyum.

In his address to participants at the final stakeholder workshop of the National Ocean Policy, Mr Sayed-Khaiyum said Fiji would not settle for that desperate recourse and neither should the rest of the world.

The National Ocean Policy would be legislated through the upcoming Climate Change Bill. It would highlight elements from existing national legislation such as the Environment Management Act, the Marine Spaces Act, the Offshore Fisheries Management Act, and many others.

“We must use this opportunity to bring big, blue ideas to bear in the global recovery. Though small island economies like our own have been hardest hit by this pandemic, we remain committed now more than ever to a blue recovery and a sustainable future,” Mr Sayed-Khaiyum said.

“To get there, we should make space for innovative solutions, including the use of blue bonds, which we believe can play a key role in our economic comeback.”

Mr Sayed-Khaiyum said the ocean policy was a reflection of Fiji’s commitment to the 100 per cent sustainable management of its Exclusive Economic Zone and its 30 per cent designation as Marine Protected Areas by 2030.

He said for Fiji, a sustainable ocean meant an ocean free from pollution, was well-mapped, had interlinked habitats which provided food and bounty through aquaculture and regulated fishing, had net-zero emissions and open to scientific exploration and understanding.

He said with the National Ocean Policy there was no need to reinvent the wheel to engrain ocean action in development.

“Stronger legislations and governance on areas such as tuna catch, could allow Pacific Island Countries to gain an additional $250 million a year,” he said.

The National Ocean Policy is supported by the World Bank and International Union for Conservation of Nature (IUCN).

Edited by Selita Bolanavanua

Feedbackshalveen.chand@fijisun.com.fj

 

 



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