Matt Paul Catalano, Unsplash
Fresh wave of funds aims to kick-start blue bond market
Emily Herbert, Financial Times
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.
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