Prepared for the Government of Saint Lucia
This study identifies key challenges, opportunities, benefits and imperative investments as well as the enabling conditions necessary to facilitate the greening of important economic activities in Saint Lucia. For the purposes of this report, definitions of a green economy put forward by the United Nations Environment Programme (UNEP) and the Caribbean Natural Resources Institute (CANARI) will serve as the contextual basis for this study (see Box 1).
In this regard, this study will show that in order for a green economy transition to occur, budgetary processes and allocations need to prioritize expenditure on activities and projects that are environmentally sustainable, economically viable and socially inclusive. This report also illustrates the importance of policy and regulatory reforms, investment facilitation and positively influencing industry practices and standards in advancing a green economy transition.
However, none of the aforementioned elements can be realized as part of such a transition without political leadership and the will to effect change. This scoping study belongs to a larger regional initiative, the Caribbean Green Economy Initiative, and it has been undertaken under the Advancing Caribbean States’ Sustainable Development Through Green Economy (ACSSD-GE) project that comprises similar stocktaking for Jamaica and Haiti.
Prepared by the University of the West Indies (UWI) Consulting Inc. in association with the United Nations Environment Programme.