In the Caribbean context, characterized by a growing regional commitment to preserving marine and coastal ecosystems, innovative mechanisms have emerged to channel resources toward projects focused on conservation, restoration, and sustainable management. These efforts contribute indirectly to climate resilience and to strengthening the blue economy.

The blue economy refers to the industries and societies that rely on oceans and waterways. The Caribbean Blue Economy Financing (Caribbean BLUEFin) project will
tackle several barriers that lead to limited financial resources being invested in marine and coastal ecosystems and the inadequate consideration of the value of these ecosystems' goods and services. These barriers include the need for support to establish sustainable finance mechanisms, a poor enabling environment for private sector investment, inadequate decision-support tools and a lack of significant actions at the subregional scale.

The Caribbean BLUEFin project objective is to create and strengthen nature-based Blue Economy opportunities and approaches in the Caribbean through innovative financing mechanisms. The project also engages stakeholders and raises awareness about a sustainable blue economy within the region.

The global environmental benefits will contribute to socio-economic benefits at the national and local levels, and may improve livelihood options, increase food security, promote gender equality and assist with climate change mitigation and adaptation.

The project includes three financial mechanisms: Digital Payment App, Blue Card, and Blue Carbon Facility, adapted to the context and needs of Caribbean countries