It is time to shine a spotlight on small island nations in different parts of the world, argues James Alix Michel, former President Republic of Seychelles.

By James Alix Michel
VICTORIA, Sep 24 2025 (IPS)

Like so many problems besetting the world, the existential threats facing small island states are all too obvious. Island nations are surrounded by the sea, and they depend on it for their livelihood and for their security. The sheer power of the sea can never be tamed but islanders have learnt to work with it and in doing so, there has always been a productive balance. But this balance, however, has been cast aside – the relationship has broken down. Our mighty ocean is in poor shape.

The Ocean has been wilfully exploited by the world, in the name of ‘progress’. And it is now hitting back. We are all too familiar with related issues of rising sea levels, overfishing, the polluting effects of shipping, seabed mining, acidification and the destruction of marine ecosystems. And the list goes on. The question now is what can be done about it. Or is it too late?

The world’s superpowers are more preoccupied in their own competition for primacy, middle-ranking powers scrambling to catch up with those above them and small island states, who are not blameless, with all too many examples of harmful development.

James Alix Michel

Sadly, we are running out of options. Various international institutions responsible for driving solutions have become overly bureaucratic and subject to partisan interests, which in turn slows down progress in conservation and sustainability efforts. The United Nations—once everyone’s hope in averting international crisis—is in many ways failing to deliver. There is no magic wand to be waved in that forum. But some people do care, and young people especially. If a top-down approach has not worked, can we even now do more to activate change from the bottom up? This is probably our best hope of reversing the downward trend. So how would we do it?

Firstly, at the individual and community level, focus on promoting sustainable practices that reduces pollution, reduces carbon footprints, restores habitats and increases ocean literacy. These grassroots actions will drive change from the ground-up, opening doors to influence policy.

Secondly, grow local action. There are already some wonderful initiatives around the world. And they really do make a difference – protecting marine breeding grounds, restoring coral reefs, replanting mangrove and coastal coconut plantations, creating green coastal defences. But these are not enough. Multiply the number of projects not by measly single figures but by a hundred!

Thirdly, make our political systems more responsive. Leaders are too often elected with manifestos that are quickly forgotten. Lest we forget that leaders must prioritize the ocean because it is fundamental to human health, planetary stability, and economic prosperity. Ignoring ocean health would worsen, if not trigger, severe climate impacts leading to economic instability, making its protection a matter of human survival and sustainable development.

Next, use the media effectively to shine a spotlight on small island nations in different parts of the world. Show the state of the ocean now but also show what is being done locally to stop the rot. Point out that tourists can themselves act as a force for change by supporting local economies, raising awareness for marine health, reducing their own impact and directly participating in conservation actions. When done right, marine tourism can become one of the most powerful tools for ocean conservation and restoration.

Lastly, a high-profile competition in which all small island states present their own bottom-up plans. This would be not only a matter of status and prestige but also material benefit in attracting further investment. It would soon become evident which are doing the most to save the ocean and which are not. Those in the latter category would then be encouraged to adopt some of the winning ways.

Notably, Sustainable Development Goal 14, which focuses on life below water, remains the least funded among all SDGs due to Ocean health being seen as a less immediate or tangible priority compared to other issues, despite its critical role in supporting life on Earth. Yet, high profile events such as The Monaco Ocean Protection Challenge and other high profile initiatives are continuously encouraging creative expression from the youth and attracting political and industry leaders to support innovative and powerful solutions to save the Ocean.

The fact is that it would be all too easy to throw in the towel. Things have deteriorated so much, but it is never too late to fight back. The stakes in this case are too high to dismiss. Saving the ocean should not be a mere slogan. We need to be able to see its manifestation in the sea. Act now!

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Ramatoulaye Ba Faye, ambassador of Senegal in the Netherlands, gives testimony at the ICJ. Credit: Joyce Chimbi/IPS

By Joyce Chimbi
THE HAGUE & NAIROBI, Dec 11 2024 (IPS)

The Seychelles consider the ongoing public hearings at the International Court of Justice (ICJ) both timely and critical “for the people of the small island developing state in the middle of the Indian Ocean,” Flavien Joubert, Minister for Agriculture, Climate Change and Environment of the Seychelles, told the court today.

With a population of only 100,000, a territory that is 99.99 percent ocean and 0.01 percent land. Seychelles was first settled by French colonists and African slaves in the 18th century.

“We are today a proud Creole people, with big aspirations gathered from the five corners of this earth We are considered one of the most successful examples of racial integration, living in one of the most exotic spots in the world, with majestic mountains, green forests, pristine beaches, and a clear blue sea. But we face special vulnerabilities to climate change.”

Joubert made Seychelle’s submissions at the ongoing ICJ public hearings, where climate-vulnerable nations continue to make statements to demonstrate violations of the right to self-determination, human rights and historical polluter States’ legal responsibilities. The public hearings started on December 2, 2024 and will conclude on Friday, December 13.

Unjust, Unfair Consequences of Massive Emissions—Seychelles 

He spoke of what was at stake in the Seychelles, home to 115 islands and two UNESCO World Heritage sites. He said the small island state was significantly impacted by the consequences of the massive anthropogenic emissions of greenhouse gases, despite contributing less than 0.003 percent of the world’s cumulative emissions.

“This is unfair. This is unjust. We ask the Court to consider that the loss of ecosystems within the multiple island states scattered throughout our oceans will irreversibly and negatively impact the entire world’s ecosystem. Seychelles expects that this Court’s advisory opinion will ensure that states are reminded of their obligations and are held accountable for their actions and their inactions,” Joubert said.

“We pray the court to duly confirm that, as already clarified by the International Tribunal for the Law of the Sea in relation to the United Nations Convention on the Law of the Sea (UNCLOS), States have a legal obligation to take urgent action to limit global warming to 1.5 degrees Celsius above pre-industrial levels. This is essential for the very survival of small island states like the Seychelles.”

Precautionary Principal Crucial—Senegal

In her submissions today, Ramatoulaye Ba Faye, ambassador of Senegal in the Netherlands, highlighted the precautionary principle that enables decision-makers to adopt precautionary measures when scientific evidence about an environmental or human health hazard is uncertain and the stakes are high.

“It may then lead states to not delay the adoption of measures to mitigate serious or irreversible damage to the environment,” she said, adding that the “principle is upgraded into a legally binding obligation incumbent on all states in a number of international conventions.”

Faye raised concerns that in some international courtrooms, the precautionary principle had not always been seen as a legal obligation.

“However, we feel the scope and urgency of the climate threat should help us overcome this reluctance. We feel we are indeed faced with a textbook example of a need to change the law to adapt to new circumstances fraught with danger.”

Marwan A. M. Khier, Chargé d’affaires, Embassy of the Republic of the Sudan in the Netherlands, told the ICJ that Sudan is among the nations most severely affected by the adverse consequences of climate change. The country had experienced several natural disasters, including unprecedented floods and torrential rains that have caused imminent damage to livelihoods, infrastructure, and lives.

“Date crops vital for local subsistence have been destroyed,” Khier said. He elaborated on the impact on the Nile, Red Sea, and Qasr which had been devastated by unusual flooding, turning parts of these regions into disaster zones with significant loss of lives and livelihoods.

“Furthermore, rising temperatures, droughts, land degradation, and water scarcity have worsened food shortages and forced widespread displacement,” Khier said.

Conflict Driven By Climate Change—Sudan

Stressing that the Darfur crisis in Sudan, which began in 2003, is closely linked to climate change. Prolonged droughts and reduced rainfall have made access to water and arable land increasingly scarce, leading to conflicts among communities competing for limited resources. The resulting food and income shortage has aggravated tensions, exacerbating the conflict. Many people have been forced to leave their homes and endure challenging conditions in camps.

“Aligning with the voice of the African continent and the least developed countries, Sudan calls for the urgent and effective implementation of the Paris Agreement. However, ongoing economic and political sanctions that restrict access to bilateral climate finance—a critical source of funding for climate action in developing nations—have left Sudan increasingly vulnerable to the impacts of climate change. Despite these challenges, Sudan remains actively engaged in global, regional and national efforts to fight climate change,” Khier emphasised.

He said Sudan holds great hope for the success of the Paris Agreement despite the significant challenges it faces and called for the necessary financial support to implement national climate-related projects. Moreover, Sudan has urged developed nations to fulfill their financial commitments and transfer technologies to enhance international cooperation in addressing climate change, particularly for the most vulnerable countries.

“My country co-sponsored General Assembly Resolution No. 77-276 and supported the request for the advisory opinion that led to these proceedings. We believe that the court’s opinion could significantly contribute to the legal perspective on addressing the global issue of climate change,” Khier said.

Cristelle Pratt, Assistant Secretary-General for Environment and Climate Action for the Organization of African Caribbean and Pacific States (OACPS), stressed in a statement that ongoing public hearings should be considered a landmark, as presentations from its members representing some of the world’s most climate-vulnerable countries across African, Caribbean and Pacific regions painted a picture of climate catastrophe and the violation of international laws.

Pratt lauded OACPS members, noting they were relatively new states and with many sharing “colonial histories with the major historical polluters.”

She continued that it was the first time for many to appear before the ICJ to advocate for their rights, with some members making very compelling arguments that this fight for climate justice was a fight “once again for their self-determination.”

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Stingrays, which can be found in the Indian Ocean which surrounds the Seychelles. This flattened fish is closely related to sharks. The Seychelles has become the first country in the world to issue a blue bond, focused on funding sustainable use of marine resources. Credit: Nalisha Adams/IPS

By Kanis Dursin
JAKARTA, Oct 31 2018 (IPS)

The Republic of Seychelles announced on Monday that it has issued a 10-year blue bond to finance fisheries projects, making it the world’s first country to utilise capital markets for funding the sustainable use of marine resources.

Seychelles Vice President Vincent Meriton told IPS that the bond was officially issued Oct. 9 and that its sales have so far raised 15 million dollars from three institutional investors: Calvert Impact Capital, Nuveen, and Prudential.

“At least 12 million dollars of the proceeds will be allocated for low-interest loans and grants to local fishermen communities, while the remainder will finance research on sustainable fisheries projects,” Meriton told IPS in a telephone interview on Sunday.

The news comes ahead of the first-ever global conference on the blue economy, which will be held at the end of November in Kenya.

Participants from around the globe will gather in the country’s capital, Nairobi, and attend the Sustainable Blue Economy Conference to discuss ways of building a blue economy that harnesses the potential of oceans, lakes and rivers and improves the lives of all.

At the conference participants will also showcase latest innovations, scientific advances and best practices to develop economies while conserving the world’s waters.

The Seychelles’ blue bond will likely be a mechanism of great interest to participants.

“We are honoured to be the first nation to pioneer such a novel financing instrument,” Meriton said when announcing the bond on the first day of the Our Ocean Conference in Nusa Dua, Bali, a one-hour flight east of the Indonesian capital Jakarta.

“The blue bond, which is part of an initiative that combines public and private investment to mobilise resources for empowering local communities and businesses, will greatly assist Seychelles in achieving a transition to sustainable fisheries and safeguarding our oceans while we sustainably develop our blue economy,” Meriton continued.

Grants and loans to Seychelles fisher communities would be provided through the Blue Grants Fund and Blue Investment Fund, managed respectively by the Seychelles’ Conservation and Climate Adaptation Trust (SeyCCAT) and the Development Bank of Seychelles (DBS).

An archipelagic country in the western Indian Ocean, Seychelles has 115 granite and coral islands spreading across an exclusive economic zone of approximately 1.4 million square kilometers.

After tourism, the fisheries sector is the country’s most important industry, contributing significantly to annual GDP and employing 17 percent of the population, with fish products accounting for around 95 percent of the total value of domestic exports.

From right to left: Nico Barito (Special Envoy of the President of Seychelles), Vincent Meriton (Vice President of Seychelles), Laura Tuck (Vice President of World Bank Washington DC), James Michel (Former President of Seychelles), and Justin Mundy (World Resources Institute and former director of HRH The Prince of Wales’ International Sustainability Unit).

According to Meriton, the idea of a blue bond was first floated under former president James Michel in 2011, but the concept for a blue bond to support a transition to sustainable fisheries was conceived in 2014 only with the help of HRH The Prince of Wales’ International Sustainability Unit.

Since then, a World Bank team comprising experts from its Treasury, Legal, Environmental and Finance groups has worked with investors, structured the blue bond, and assisted the Seychelles government in setting up a platform for channeling its proceeds.

A joint statement issued by the Seychelles government and the World Bank said the blue bond is backed by a five million dollar guarantee from the World Bank and a five million dollar concessional loan from the Global Environment Facility (GEF). It will also pay an annual coupon of 6.5 percent to investors, but the GEF concessional loan would cut the cost to Seychelles to 2.8 percent.

The statement also said proceeds from the bond sales would finance the expansion of marine protected areas, improved governance of priority fisheries and the development of the Seychelles’ blue economy, and contribute to the World Bank’s South West Indian Ocean Fisheries Governance and Shared Growth Program, which supports countries in the region to sustainably manage fisheries and increase economic benefits from their fisheries sectors.

World Bank Vice President and Treasurer Arunma Oteh called the blue bond a milestone that complements other activities aimed at supporting sustainable use of marine resources, including particularly the fishery sector.

“We hope that this bond will pave the way for others …. The blue bond is yet another example of the powerful role of capital markets in connecting investors to projects that support better stewardship of the planet,” Oteh said in a joint statement.

World Bank Vice President of Sustainable Development Laura Tuck said the blue bond could serve as a model for other countries in mobilising funds to finance sustainable fisheries projects.

“The World Bank is excited to be involved in the launch of this sovereign blue bond and believes it can serve as a model for other small island developing states and coastal countries. It is a powerful signal that investors are increasingly interested in supporting the sustainable management and development of our oceans for generations to come,” Tuck said.

SeyCCAT Chief Executive Officer Martin Callow was quoted as saying that the bond would support the country’s ambitions to create a diversified blue economy.

“We are privileged to be working with the many partners involved in this unique transaction, and we are excited about the possibilities to back pre-development and growth stage projects in support of Seychelles’ blue economy. With these new resources, our guiding principles, and the blended finance structure that we have developed, we will support Seychelles’ ambitions to create a diversified blue economy and, importantly, to safeguard fisheries and ocean ecosystems,” said Callow.

Daniel Gappy, CEO of DBS, expressed similar sentiments and vowed to support the government’s quest for sustainable development. DBS will co-manage proceeds from the bond via the creation of the Blue Investment Fund.

“Establishing the Blue Investment Fund will bring additional exposure both locally and internationally for the bank and will provide opportunities to enhance our competency in fund management for positive environmental, social and governance outcomes,” said Gappy.

Meanwhile, Pietra Widiadi, Green and Blue Economy Strategic Leader at World Wildlife Fund (WWF) Indonesia, said the blue bond offers huge potential as an alternative financing source, but many things need to be done to ensure the projects achieve their targets.

“Awareness on the importance of the blue economy is still relatively low in island nations, especially those in the south. For that reason, I think any blue bond project should start with building the capacity of people involved,” Widiadi told IPS.

Indonesia and other island nations, Widiadi said, could use Seychelles’ blue bond structure as a model in tapping the bond market for financing sustainable fishery and marine projects.

“Projects funded with blue bond, just like green bond, are rigidly regulated, but Seychelles’ blue bond can serve as a model on how we can move forward,” he said.

Edo Rakhman, a national coast and ocean campaigner for the Indonesian Forum for Environment or Walhi, a leading civil society organisation that champions environmental issues, hailed the world’s first blue bond but stressed that any sustainable fishery and marine project should start with protecting the rights of local fisher communities and mangroves along coastal areas.

“Island nations should designate fishing grounds or zones where all forms of extractive activities are prohibited and mangroves protected to ensure the sustainability of fish stock for local fishermen communities,” Edo said.