"Stress reduction and enhanced ecosystem quality achieved in selected LME regions can make a huge contribution to SDG14, the most ambitious SDG of them all" - Andrew Hudson, UNDP
A number of existing and potential future partners in LME partnerships were brought together and informed of the benefits of their cooperation and collaboration and exchanged good practices and lessons learnt for establishing and maintaining partnerships. Under the banner “The Large Marine Ecosystems are everyone’s business”, several interactive sessions were organised where participants had the opportunity to exchange views, experiences, lessons learned and ideas for future collaboration. The highlights of these sessions included the following:
● Long term relationship among partners is key;
● While discussions often focus on large private sector entities, small and medium enterprises should also be engaged in sustainable initiatives;
● Promote smart (small scale, local markets, philanthropic partnerships, insurance, etc.) and purpose-oriented partnerships;
● Engage the private sector in the early stage of the partnership establishment and/or a project initiative;
Finally, the meeting advised on the transformation of the TDA-SAP process from an almost exclusively “problem-solving” mechanism towards a “leveraging-opportunities” investment framework. The participants agreed that the TDA-SAP process needs to be revised and its scope significantly expanded towards widening of its socio-economic aspect.
"The TDA-SAP process needs to be redefined to take in consideration not just what is happening in the natural ecosystems, but also in the accompanying socioeconomic systems, which could open the way for the investments and blue economy"- Aimee Gonzales, PEMSEA