By Tamaisha Eytle, Program Officer and Miguel Guirao, Eastern Caribbean Support Officer

Consider some key and compelling facts about the world’s precious oceans: with every other breath, they are responsible for most of the oxygen we take in. They absorb 30 percent of all CO2 emissions. Oceans are the source of 30 percent of the world’s oil and gas resources and serve as the highway for some 90 percent of globally traded goods. Not impressed? Well, perhaps consider the fact that more than 3 billion people depend on our oceans for their basic livelihoods. This is why here in the Caribbean, the new Accelerator Lab hosted within the UNDP Sub-Regional Office for Barbados and the Organization of Eastern Caribbean States (OECS) will focus on the blue economy.

Andrew Hudson, Head of Water and Ocean Governance Programme at UNDP, refers to the blue economy as the utilization of ocean resources for human benefit in a way that sustains the overall ocean resource base into perpetuity. Essentially, the blue economy is about opportunities and livelihoods gained from the ocean and how we access these opportunities while maintaining the ocean’s health.

In a region highly dependent on natural resources for us in the Caribbean, it has become increasingly evident that the blue economy is a vital area for development and more targeted investment. The new “Blue Lab” sends a strong signal on the need for safeguarding and strengthening our marine economies. The lab is working to promote ‘out-of-the-box’ thinking and experimentation; supporting small island developing states in the sustainable development of its ocean-based economic sectors.

Photo by: Michael Atwood/UNDP Latin America and the Caribbean

The new portfolio of experimentation that the Blue Lab will be focusing on, falls in line with other “blue” initiatives that have emerged all around the region and are shaping their own contribution to the blue economy, including:

It’s evident that these initiatives are expanding opportunities for engagement and experimentation that cannot be ignored and the Blue Lab is ready to support. The blue wave is here, and it is here to stay.

Stay tuned to the blog to hear about the portfolio of experimentation that the Blue Lab team is preparing in the Caribbean!

Tamaisha Eytle is Global Environment Facility’s Small Grants Programme Sub-Regional Associate Officer at UNDP Barbados and the OECS. You can follow her on Twitter.

Miguel Guirao is Resilience and Innovation Specialist at UNDP Barbados and the OECS. You can follow him on Twitter.

Building the world’s largest learning network around development challenges. 91 Labs in 115 countries. http://acceleratorlabs.undp.org/