SUSTAINABLE BLUE, CIRCULAR AND CLIMATE RESILIENT …€¦ · Deep Sea Water Technologies: Seawater...

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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

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• Project Pipeline

• Finance Guidelines

• Project Examples

Sustainable Blue, Circular and Climate Resilient Economy Pipeline

• Components

• Expected Outcomes

• Next Steps

GCF Full Funding Proposal


Sustainability & Generation of Project Ideas

CONTENTS

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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

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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

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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.

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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.

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FINANCE GUIDELINES: CIRCULAR ECONOMY PROJECTS


[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.

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FINANCE GUIDELINES: CIRCULAR ECONOMY PROJECTS (continued)


[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

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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

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ADAPTATION PROJECTS


[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

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▪ Artificial recharge well

▪ Corn Island, Nicaragua

▪ Investment cost: US$ 250,000



ADAPTATION PROJECT EXAMPLE

▪ Elements: artificial recharge well,

pump and monitoring system, PV

solar plant, pipes for oxygenating

groundwater, crop cover.

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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

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• 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



CONTENTS

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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

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▪ 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.

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▪ 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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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

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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

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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.

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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.

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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.)

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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.

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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:

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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

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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

BILBAO – MADRID – PALMA – MILAN – BERLIN – BANGKOK – MEXICO CITY – QUITO

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