Strengthening accountability in blue finance
World Ocean Initiative, The Economist Group
Rod Long on Unsplash
The investment community is slowly reaching a consensus on this definition of blue finance: investment in projects that restore and protect the ocean environment and support sustainable ocean economic activities. And there is tremendous value in this emerging field: according to a 2015 study by conservation group WWF, the ocean generates economic value of US$2.5trn each year while ocean assets are worth over US$24trn.
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