1. Introduction

Moving beyond conventional understandings of maritime economies (i.e. economic activities that directly or indirectly take place in the ocean), the SBE concept drives focus on how to promote sustainable livelihoods and economies in an equitable manner that also safeguards the health of the ocean. UNEP defines an SBE as:

‘…one in which the sustainable use of ocean and coastal resources generates equitably and inclusively distributed benefits for people, protects and restores healthy ocean ecosystems, and contributes to the delivery of global ambitions for a sustainable future.’

The transition towards an SBE is a multifaceted process that combines natural, social and economic considerations, and which must embed the value of nature at the heart of decision-making. To support countries in this transition, UNEP has developed the SBE transition framework (SBE-TF) which aims to make implementing an SBE feasible and practical. The transition framework provides countries with guidance for developing a strategic process to enable progress towards an SBE, based on existing governance and institutional landscapes. It describes a set of principles that drive forward national implementation, and has been particularly designed to accelerate national contributions to the United Nations (UN) Sustainable Development Goals (SDGs).

The SBE-TF describes three broad phases of transition:

• phase 1 focuses on analysis of the current ocean governance system in a specific country (6-12 months);
• phase 2 guides the creation of a national integrated policy and supporting governance framework (6-12 months); and
• phase 3 (20-25 years) focuses on the implementation of the integrated policy (created in phase 2) including ongoing monitoring and evaluation.

The phases of transition are underpinned by seven cross-cutting elements that need to be in place and should be considered for all activities and decisions that take place on a country’s journey to an SBE:

• leadership;
• institutional infrastructure and culture;
• laws and policies;
• planning and management;
• sustainable finance;
• stakeholder engagement and coalitions; and
• data and monitoring.

To support countries in the transition, an RRA process is being piloted in Trinidad and Tobago and elsewhere. This process supports information gathering and dialogue at national level to enable countries to better understand the current status of their efforts to create an ocean-based economy and from this, to identify key enabling actions and next steps to drive the transition to an SBE. The RRA provides a high-level snapshot of the existing ocean-based economy landscape with an eye towards establishing the unique transition pathway for each country. By its nature, RRA provides a rapid overview and is not intended as a comprehensive analysis (which may also be required). Working with national government and stakeholders, it aims to:

• assess readiness for taking forward a transition to an SBE;
• collectively identify and understand the necessary first steps; and
• identify short- to medium-term priority resources required.

Supported by UNEP and the Commonwealth Secretariat through the Commonwealth Blue Charter programme, Trinidad and Tobago, alongside Antigua and Barbuda, agreed to pilot the RRA process from October to December 2022. The RRA is derived from:

• a two-day stakeholder workshop held on 18 and 19 October 2022 at the Institute of Marine Affairs (IMA), Port of Spain, Trinidad;
• interviews with stakeholders;
• an online questionnaire; and
• supplementary information from a desk-based review of documents and policies.

Based on the above information, this report provides:

• an overview of the blue economy in Trinidad and Tobago to date (section 2);
• the main issues and opportunities in the ocean-based economy that exist across key enabling factors, including the challenges and barriers to overcoming them (section 3);
• an assessment of national readiness to transition to an SBE (section 4); and
• recommendations (section 5).

List of acronyms