Blue Bonds Are on a Roll, Giving a Boost to the Oceans
Abby Schultz, Barrons
Jeremy Wermeille, Unsplash
Today, a growing percentage of these bonds—broadly known as green, social, and sustainability bonds—carry a different name: blue bonds. These are securities issued specifically to protect and support the marine environment and a healthy ocean economy.
The Climate Bonds Initiative estimates there was a 163% rise in the use of the blue label for environmentally focused bonds last year, pushing the size of the outstanding market to nearly US$6.4 billion from just under US$2.5 billion a year earlier.
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