Development of a Natural Capital Investment Plan providing pathways to sustainable finance for the protection of the natural environment in the Turks and Caicos Islands

Description

A review of opportunities and alternatives for the sustainable finance of the natural environment leading to the development of a Natural Capital Investment Plan for the Turks and Caicos Islands. This work forms part of JNCC's RESEMBID Covid-19 response project to support the Turks and Caicos Islands (TCI) social and economic recovery and resiliency, entitled: "Defining A Post-Covid-19 Resilient Recovery in the Turks And Caicos Islands: Sustainable Investment in the Future of the Island's People and Environment." The project is intended as a foresighting exercise to identify potential opportunities and alternatives for place-based investment and support for the natural environment in the Turks and Caicos Islands. The project should also consider and identify factors and barriers which may impact upon successful implementation - such as blue and green finance alternatives, issues of appropriate scale and investment timelines. Caribbean islands have strong economic dependence on their ecosystems, making the implementation of sustainable ecosystem management a complex challenge in balancing use and preservation, but nonetheless a critical necessity. There is a well-documented appetite for sustainable livelihood creation and economic diversification in TCI. The 2015 'Greening the Economy of TCI' project, requires a refresh in light of new global conditions. It identified specific areas where further skills development is needed in TCI. The 2015 consultations JNCC conducted on behalf of TCI Government to inform the TCI Environment Strategy indicates strong advocacy for inclusion of communities in the implementation of strategies that impact on their environment and economic opportunities. The final investment plan is expected to use the extensive evidence base that exists on TCI's natural capital. This should be incorporated with existing best practice examples of natural capital investment and sustainable finance mechanisms. Recent JNCC work on TCI's natural capital, and its links to this project, is detailed in Appendix 1. In addition, JNCC are conducting both a Socioeconomic Survey and a Business Attitudes Survey across TCI which will yield results that may be relevant to the development of an appropriate place-based NCIP. Additional information: You are invited by JNCC Support Co (JNCC) to submit a tender proposal for the supply of works or services required under the above project. If interested, you should download and carefully read the documents contained within the zip file.

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