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38 | BLUE ECONOMY AND BLUE FINANCE

CATALYSING Finally, Hoyt Peckham, director of small-scale fisheries
TRANSFORMATIONS at the WCS, discusses the main pillars of community
rights, ownership, and co-management, supported
Opening remarks by Sylvie Goyet, Advisor to the by the WCS's new community fisheries strategy.
Vice-President of the Prince Albert II of Monaco
Foundation, and Leticia Carvalho, Coordinator of the The participants shared a desire for communities to
Marine and Freshwater Branch of the United Nations be at the core of the design of programmes capable
Environment Programme (UNEP), showed that phi- of reaching each of their members and improving reef
lanthropy alone is not enough to achieve the neces- conservation policies. And, as UNEP's Leticia Carval-
sary transitions towards sustainability and that the ho points out, using the Kenyan mobile banking ap-
private sector is called upon to play a key role. These plication MPESA as an example, "communities have
comments urge the acceleration of creative solutions lessons to share with the world, including in the field
that include local communities in decision-making, of microfinance."
as well as the proliferation of solutions that focus on
the causes of coral reef degradation and support a
new sustainable blue economy in this area. Biologist
Emily Darling, director of coral reef conservation at
the WCS, highlights "the urgent need to catalyse fair
transformations, to rely on the latest scientific data
and to better consider the threat of the 'triple ex-
posure' of communities when they are not involved
in actions, whether in terms of combating climate
change, blue growth or accelerating on-site conser-
vation measures."

CO-MANAGEMENT
AND BLUE FINANCE
Five panellists shared their thoughts on the Kenyan
experience. Fahd Al-Guthmy (Miamba Yetu, WCS)
comments on the unique opportunities for sustai-
nable finance to support coastal communities. Safiya
Sawney (GFCR) recommends government invol-
vement to identify strategic and policy actions that
support communities in achieving global biodiversity
targets. James Lindsay (Builders Initiative Investment
Team) talks about the emerging space for private
capital in the ocean sector (innovative technologies,
restorative aquaculture, fisheries management, etc.).
Briony Coulson (DEFRA, Blue Planet Fund) highlights
the support provided by multilateral funds that encou- © Ocean Culture Life
rage new partnerships between governments and
communities.