What Diversification must look like

Not just a conversation piece to distract us, the topic of diversification is real in Dr Anjani Ganase’s mind. Here’s what we should be doing to ensure that we can protect land and marine resources and communities. The main purpose of diversifying our economic resources is to be able to withstand the shocks of external disturbances. Since the Government of Trinidad and Tobago first started talking about the need to diversify our economy the threat of climate change seemed more like a future retirement plan. Today, climate change is on the doorstep, the world is committed to leaving fossil fuels behind and Covid has thrown us a curve ball. But diversifying isn’t simply trying to get profit from elsewhere, more holistically it is to build a system of socio-economic resilience, and this doesn’t mean gaining profits for something but making sure we’re also not losing it somewhere else. For small island developing states, the impact of climate change...