Joseph Barrientos on Unsplash
A breakthrough for blue bonds at the UN Ocean Conference
World Ocean Initiative, The Economist
The ocean economy has the potential to double in annual value by the end of the decade compared with its size in 2010—growing from US$1.5trn to US$3trn. Key to this growth are blue bonds, which can be issued by governments, financial institutions and private companies wanting to fund projects to restore ocean health, protect wildlife and secure the livelihoods of coastal communities. But demand is outstripping supply.
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