Blue Economy Valuation Toolkit
In addition, there is still lack of clear understanding of the concept and multisectoral approach of the Blue Economy by policy makers and stakeholders. ECA has played an instrumental role in the past few years in assisting member States and regional bodies in developing their first strategic policy frameworks using the methodology provided by the Blue Economy Policy Handbook for Africa (ECA flagship publication). Countries such as Seychelles have decided to fully focus on the Blue Economy to sustain their post-Covid19 recovery. Indeed, due to the vastness of its opportunities the Blue Economy represents more and more a very promising outlet to build economies back better, for sustainable
growth within the context of the socio-economic crisis generated by the Covid 19 pandemic. Hence, there is need to build and develop capacities on the Blue Economy concept, approach, related policy and valuation tools to raise awareness, disseminate knowledge and enable key players to apply it through tailor-made assessments as well as policy and regulatory frameworks and action plans. This has been highlighted as a key priority at the 2019 Intergovernmental Committee of Senior Officials and Experts of SRO-EA and in the policy framework of Seychelles, the Indian Ocean Commission (developed with EAC support). With respect to UNIDEP, this training falls under Cluster 4 (Integrated Natural Resource Management) of the training catalogue adopted by the Technical Advisory Committee of UNIDEP and endorsed by its governing council.
The course will introduce the fundamentals of the Blue Economy valuation toolkit, its concept and approach, as well as provide a step by step guide to help stakeholders to better assess the socioeconomic potential of the Blue Economy for informed decision making. The course will build on and complement the overall training on the Blue Economy provided in early 2021.