Caribbean Islands Attract Investors Amidst Microplastic Pollution Concerns
The increase in interest in Caribbean citizenship by investment schemes and the issue of microplastic pollution in the oceans are two distinct concerns that require attention, with the former offering a potential solution for individuals seeking visa-free access to multiple countries, and the latter highlighting the need for urgent action to protect the environment and human health.
Citizenship by investment schemes in Caribbean islands such as Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia have seen a significant increase in interest, particularly from US citizens, due to political and social volatility in the US, with the cost of investment varying from $200,000 to $300,000.
The schemes allow buyers to purchase a home and receive a passport that grants visa-free access to up to 150 countries, with estate agents in Antigua reporting a surge in demand, with up to 70% of buyers seeking citizenship. The Caribbean CBI programmes have increased by 12% since the fourth quarter of 2024, with US citizens accounting for the bulk of applications.
However, a recent study has highlighted the alarming rate of microplastic pollution in the world's oceans, with an estimated 150 million tons of microplastics present, equivalent to the weight of about 1.8 billion elephants. The study found that microplastics are present in every corner of the globe, from the surface of the ocean to the deepest depths, and are being transported through the ocean's food chain, potentially harming marine life at all levels.
The Caribbean nations offering citizenship by investment schemes have implemented reforms to address concerns over potential security risks and tax evasion, and the issue of microplastic pollution in the oceans is a separate concern that requires urgent action from governments and individuals to reduce plastic pollution and protect the environment.