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Secret sustainable islands: Discover the 6 top green tourism spots in Greece

Secret sustainable islands: Discover the 6 top green tourism spots in Greece

Meet the locals on the island of Tilos

Hidden gems like Tilos may not dominate your Instagram feed, but there’s far more to discover in Greece than Mykonos and Santorini. Not only is the picturesque island in the Dodecanese part of a vast ecological park and nature reserve, but it’s also entirely self-sufficient in energy. The Tilos Project saw the island welcome Greece’s first hybrid power station, which produces energy from its very own wind farm and solar power generators. Visitors to the charming 63 sq km isle usually arrive by ferry from Rhodes and are more likely to run into curious partridges, rare herbs and endangered eagles than people. With more than 400 varieties of flora and fauna and over 150 species of birds, the island’s 500 residents are cheerfully outnumbered by wildlife on what has been unofficially crowned Greece’s green island.

Take the road less travelled in Hydra

Just a 90-minute boat ride from the busy metropolis of Athens lies the island of Hydra. But, with its sleepy cobbled streets, whitewashed walls and total absence of cars, the bustling Greek capital feels a million miles away. Part of the Saronic Islands, Hydra hasn’t just slammed the brakes on motorised vehicles – it has never allowed them in the first place. Instead, locals rely on a herd of donkeys for transport up amphitheatre-like hills rising steeply from stone harbour walls. As a result, life moves at a slower pace, children play freely in the streets and noxious exhaust fumes are non-existent. Spend an afternoon getting lost among warren-like alleys to the tune of church bells and the occasional clatter of hooves for a step back in time with nothing but your legs to carry you.

Break new ground on Astypalaia

Astypalaia, also in the Dodecanese, is being billed as the first smart and sustainable Mediterranean island, with 1,000 electric vehicles replacing around 1,500 engines – and the green fleet is only the beginning. The revolutionary project aims to transform the island into a zero-impact zone using green energy, exclusively electric vehicles and state-of-the-art technology. Hop on an electric bus or take the wheel of an electric hire car to explore Astypalaia ‘s wonderful wilderness, taking in its pretty whitewashed villages, ancient Venetian castle, sleepy tavernas and kaleidoscope skies. Plans are also underway for a new hybrid RES station that will maximise the island’s renewable energy potential and help preserve its natural beauty for years to come.

Discover hidden gems in popular Paros

Paros may be one of the busier islands in the Cyclades but stray from the beaten path and you’ll be rewarded with an abundance of natural gems. Nestled in the northern part of the island lies Paros Park and 80 hectares of protected natural beauty. Lace up your hiking boots for several trails across the rocky peninsula or follow the signs to Faro Di Capo Korakas, a historic lighthouse perched on a towering 60m cliff. Herb-scented hills and labyrinth-esque villages aside, Paros is also celebrated for its sustainability focus, including a new initiative that aims to banish single-use plastic from its shores. Currently, Paros is on track to become the first waste-free island in the Mediterranean through its pioneering initiative, Clean Blue Paros with Common Seas, which supports over 100 local businesses that have committed to becoming completely plastic-free.

Become one with nature on Lipsi

Back in the Dodecanese lies the perfect sustainable travel experience for those looking to get off-grid. Perched amid rocky reefs and surrounded by deserted islands, Lipsi is the ideal destination for banishing background noise and embracing Mother Nature’s bounty. Recently the island became a no-sunbed zone, encouraging travellers to physically connect to the earth by stretching out on its smooth, natural rock, before cooling off in the wide, wild sea. When the sun falls, 28 self-sufficient solar lights now light up areas that previously lacked electricity coverage, with motion sensors that increase light level as people approach, and dim to 30 per cent to reduce energy consumption when no one is around.

Swim amongst the seagrass near Andros

Despite being the second largest island of the Cyclades, Andros is one of the least crowded and most diverse, with statuesque mountains cleaved by fertile valleys and crisscrossed with bubbling streams. A walker’s paradise, hikers can wander through ancient villages and scramble down rocky shores, where divers will find sprawling underwater meadows of swaying sea grass. The Posidonia Meadows are endemic to the Mediterranean and are vital for filtering the seawater, limiting coastal erosion and hosting marine life – all while absorbing 15 times more CO2 than a similar sized plot in the Amazon rainforest. Recent initiatives aim to raise awareness about the importance of seagrass to encourage responsible yacht anchoring in the region.

 

 


 

 

Source Euronews Travel

Philippines’ BDO Unibank first blue bond gets US$100 million investment from IFC

Philippines’ BDO Unibank first blue bond gets US$100 million investment from IFC

The International Finance Corporation (IFC), the private investment arm of the World Bank Group, is pouring US$100 million into BDO Unibank Inc’s blue bond, which aims to finance projects that will help tackle marine pollution in the Philippines.

The country is considered the third largest global contributor of ocean plastic, with an estimated 0.75 million metric tonnes of mismanaged waste entering the ocean every year, according to a World Bank study published in 2021.

The coastal blue economy is critical to the Philippines but is threatened by pollution, unsustainable fishing, rapid urbanisation, and the impact of climate change such as typhoons that drag tonnes of rubbish into seaside areas.

BDO Unibank Inc’s blue bond, the first of its kind in the country and a first for IFC in the East Asia Pacific region, is slated to raise money for projects such as water conservation, wastewater treatment, plastic recycling, sustainable tourism, fisheries, and sustainable seafood processing, the global development institution said in a statement on Friday.

“A blue bond instrument will be key to the nation’s growth trajectory. By supporting the first blue bond issuance in the country, IFC continues its tradition of supporting the development of capital markets through issuances of thematic bonds and mainstreaming climate finance in the banking sector”, said Jean-Marc Arbogast, IFC country manager for the Philippines.

“Moving forward, a robust blue economy will help create jobs and alleviate poverty while strengthening the marine ecosystem in the Philippines.”

IFC will also help BDO identify projects that can combat water stress with rapid urbanisation, as more than 3 million people in the Philippines rely on unsafe and unsustainable water sources and 7 million lack access to improved sanitation.

 

…A blue bond instrument will be key to the nation’s growth trajectory…a robust blue economy will help create jobs and alleviate poverty…

Jean-Marc Arbogast, country manager for the Philippines, International Finance Corporation

 

The bond will be issued under the International Capital Market Association (ICM’s) Green Bond Principle and IFC’s recently launched Blue Finance Guidelines, a blue-specific framework and metrics that monitor the use of proceeds and report on relevant impact.

“Marking our two-decade partnership, IFC’s investment will be key to helping BDO develop a Blue Finance Framework that will allow us to fund projects that support the country’s blue economy while establishing a new asset class in the Philippine debt market,” said Teresita Sy-Coson, chairperson of BDO Unibank, Inc.

Blue financing is emerging in Asia, with the IFC piloting the mechanism in China, India, Indonesia, and Thailand. Last year, multi-lateral lender Asian Development Bank issued its first ever dual-tranche blue bonds denominated in Australian and New Zealand dollars that will finance ocean-related projects in Asia and the Pacific.

The “blue economy”, which includes livelihoods and other economic benefits derived from oceans, is expected to reach US$3 trillion and employ 40 million people by 2030, giving it critical role in pivoting the global economic system towards regenerating ocean health, said the World Bank.

 


 

Source Eco Business