Fresh wave of funds aims to kick-start blue bond market
Interest in projects focused on water and the marine environment is picking up, giving the nascent sector a boost.
Impact investing is growing, but too slowly given the staggering annual funding gap of USD2.5 trillion to achieve the Sustainable Development Goals by 2030. And the greatest challenges for people and planet won’t stand for half measures. We need much, much more impact capital to increase prosperity and social progress for all, eliminate inequalities and injustices and preserve the planet.
That's why we've teamed up with the Financial Times for the second time to put impact in the big headlines and on the front pages. And to mobilise more mainstream capital for impact.
**
Green may be the environmentalists’ colour, but the planet they are fighting for is overwhelmingly blue. Oceans cover 70 per cent of the Earth’s surface, generate half of its oxygen, and absorb up to 30 per cent of the carbon dioxide produced by human activity. They are also economically important: the UN values the ocean economy at more than $3tn a year, comparable to the UK’s GDP.
Yet, compared with the boom in green financing for land-based projects, the blue equivalent — financing focused on water and the marine environment — remains in its infancy.
