Issuing a blue bond with exciting opportunities on the horizon

What are blue bonds?

There is no agreed standard definition of a blue bond. According to the World Bank it is a debt instrument issued by governments development banks or others to raise capital to finance marine and ocean-based projects that have positive environmental economic and climate benefits. The United Nations Global Compact (UNGC) has stated that blue bonds can be issued by companies financial institutions governments and municipalities for ocean-related assets and projects to raise finance to promote the United Nations Sustainable Development Goals (SDGs).

There are 17 SDGs in total the most important of which in the context of blue bonds are SDG 6 (clean water and sanitation) and SDG 14 (life below water) under which the goal is to conserve and sustainably use the oceans seas and marine resources...