{"id":3334,"date":"2022-02-10T23:36:02","date_gmt":"2022-02-10T23:36:02","guid":{"rendered":"http:\/\/eos.co.id\/main\/?p=3334"},"modified":"2022-02-10T23:36:07","modified_gmt":"2022-02-10T23:36:07","slug":"blue-finance-what-is-it-and-how-could-it-save-the-ocean","status":"publish","type":"post","link":"https:\/\/eos.co.id\/main\/uncategorized\/blue-finance-what-is-it-and-how-could-it-save-the-ocean\/","title":{"rendered":"Blue finance: What is it and how could it save the ocean?"},"content":{"rendered":"\n<h3><a href=\"https:\/\/www.weforum.org\/agenda\/2022\/02\/blue-finance-ocean-protection-explained\" data-type=\"URL\" data-id=\"https:\/\/www.weforum.org\/agenda\/2022\/02\/blue-finance-ocean-protection-explained\">Source >>><\/a><\/h3>\n\n\n\n<p><a href=\"https:\/\/dipantarajogja.org\/2022\/02\/10\/944\/\">February 10, 2022 <\/a><a href=\"https:\/\/dipantarajogja.org\/author\/1h7tj\/\">1h7tj<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"https:\/\/assets.weforum.org\/article\/image\/nDZycXJBtVOIneqfrnG9cEYw86yfXOZJUZf9TvjvihM.jpg\" alt=\"Blue finance can help protect coastlines and the ocean. \"\/><figcaption>Momentum is building around blue finance.Image: Unsplash\/ Nadine Shaabana<\/figcaption><\/figure>\n\n\n\n<p>This article was originally published on the&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/blogs.worldbank.org\/climatechange\/blue-finance-how-can-innovative-wave-finance-blue-economy\" target=\"_blank\">World Bank<\/a>\u2018s website05 Feb 2022<\/p>\n\n\n\n<ol><li><a href=\"https:\/\/www.weforum.org\/agenda\/authors\/paolo-de-bolle\">Paulo de Bolle<\/a>&nbsp;Global Senior Director, Financial Institutions Group, IFC<\/li><\/ol>\n\n\n\n<p>UpLink \u2013 Take Action for the SDGs&nbsp;<a href=\"https:\/\/buff.ly\/2OyxMPN\">Take action on UpLink<\/a>&nbsp;Forum in focusCreating a Digital Ocean&nbsp;<a href=\"https:\/\/www.weforum.org\/friends-of-ocean-action\/creating-a-digital-ocean\">Read more about this project<\/a>&nbsp;Explore context<img src=\"https:\/\/www.weforum.org\/assets\/tmap-icon-2045d4d484cd2c52255f705c433a7290911308b18f88496a3163e92d39ee491e.svg\" alt=\"\">The Ocean&nbsp;<a href=\"https:\/\/intelligence.weforum.org\/topics\/a1Gb0000000LGk6EAG?tab=publications\">Explore the latest strategic trends, research and analysis<\/a><\/p>\n\n\n\n<ul><li>It\u2019s thought around 3 billion people rely on the ocean for their food, jobs, and livelihoods.<\/li><li>However, serious impacts of climate change, overfishing and pollution are putting our oceans, and the billions that rely on them, at risk.<\/li><li>Green and sustainable finance, like blue loans, can help protect the ocean and the people that rely on it.<\/li><\/ul>\n\n\n\n<p>Our oceans are critical for human existence and a cornerstone of the global economy.&nbsp;<a href=\"https:\/\/www.un.org\/en\/conf\/ocean\/background.shtml\" target=\"_blank\" rel=\"noreferrer noopener\">More than 3 billion people rely on the ocean for their food, jobs, and livelihoods<\/a>. Yet the impacts of climate change, overfishing, and pollution are putting our oceans at great risk, imperiling prosperity for millions in developing countries.<\/p>\n\n\n\n<p>Protecting the blue economy from these mounting threats isn\u2019t just a moral imperative\u2014it\u2019s a growing financial opportunity. Managed appropriately, it can create a win-win for the environment and the health in emerging market economies. Prior to the COVID-19 pandemic, the ocean economy was expected to double from 2010 to 2030 to reach&nbsp;<a href=\"https:\/\/www.oecd.org\/ocean\/OECD-work-in-support-of-a-sustainable-ocean.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">$3 trillion and employ 40 million people<\/a>. The financial sector is waking up to the opportunities that a healthy ocean can provide. It has a critical role to play in pivoting the global economic system towards rebuilding ocean prosperity, restoring biodiversity, and regenerating ocean health.<\/p>\n\n\n\n<p>The market has already witnessed the exponential growth of sustainable finance and the emergence of diverse instruments based on green or social use-of-proceeds or sustainability targets. Momentum is now building for blue finance among investors, financial institutions, and issuers globally. Blue bonds and blue loans, which are innovative instruments that earmark funds exclusively for ocean-friendly projects and protecting critical clean water resources, are seeing a surge in interest.<\/p>\n\n\n\n<p>The growth of green and sustainable finance has brought about the introduction of several transparency and integrity principles, including the Green Bond Principles (GBP), administered by the International Capital Markets Association (ICMA), and the Green Loan Principles (GLP) published by the Loan Market Association (LMA). These principles provide examples of what constitute green eligible use of proceeds and have contributed to developing a credible green bond and green loan process.<\/p>\n\n\n\n<p>However, unlike its labeled bond counterparts, blue bonds and blue loans have not yet adopted and implemented industry standards and guidelines.<\/p>\n\n\n\n<p>In 2018, the Sustainable Blue Economy Finance Principles launched. These principles consider the sustainable conservation and use of oceans, seas, and marine resources in compliance with Environmental and Risk Management practices such as the IFC Performance Standards. But the market has been seeking guidance on project eligibility criteria, translating general blue economy financing principles into guidelines for blue bond issuances and blue lending.<\/p>\n\n\n\n<p>Amid this growing interest in scaling blue finance, IFC developed and released new&nbsp;<a href=\"https:\/\/www.ifc.org\/wps\/wcm\/connect\/industry_ext_content\/ifc_external_corporate_site\/financial+institutions\/resources\/guidelines-for-blue-finance\" target=\"_blank\" rel=\"noreferrer noopener\">Guidelines for Blue Finance, Guidance for Financing the Blue Economy<\/a>.<\/p>\n\n\n\n<p>Amid this growing interest in scaling blue finance, IFC developed and released new Guidelines for Blue Finance, Guidance for Financing the Blue Economy.<\/p>\n\n\n\n<h3 id=\"have-you-read\">Have you read?<\/h3>\n\n\n\n<ul><li><a href=\"https:\/\/www.weforum.org\/agenda\/2012\/06\/transforming-mauritius-into-a-blue-economy\">Transforming Mauritius into a \u201cblue\u201d economy<\/a><\/li><li><a href=\"https:\/\/www.weforum.org\/agenda\/2020\/06\/virtual-ocean-dialogues-water-forecasting-fish-farms-waste-innovation-blue-economy\">\u2018Water-forecasting\u2019 and fish farms fed on waste: how innovation is driving the blue economy<\/a><\/li><li><a href=\"https:\/\/www.weforum.org\/agenda\/2020\/12\/blue-finance-ocean-health-wealth-house-on-fire-podcast\">Can ocean health lead to wealth? Our latest House on Fire podcast tackles blue finance<\/a><\/li><\/ul>\n\n\n\n<p>IFC\u2019s&nbsp;<a href=\"https:\/\/www.ifc.org\/wps\/wcm\/connect\/industry_ext_content\/ifc_external_corporate_site\/financial+institutions\/resources\/guidelines-for-blue-finance\" target=\"_blank\" rel=\"noreferrer noopener\">Guidelines for Blue Finance<\/a>&nbsp;aim to provide a list of eligible use of proceeds to support private investments that are not only aligned with the Green Bond Principles and Green Loan Principles but also contribute to the UN\u2019s SDG Goals 6 and 14\u2014 \u201censure availability and sustainable management of water and sanitation for all,\u201d and \u201cconserve and sustainably use the oceans, seas and marine resources for sustainable development.\u201d In addition, it identifies eligible blue project categories to guide IFC\u2019s investments to support the blue economy.<\/p>\n\n\n\n<p>IFC will use its guidelines to finance the blue economy and encourage best practices to enable the growth of blue finance globally.<\/p>\n\n\n\n<p>Check out IFC\u2019s newly released&nbsp;<a href=\"https:\/\/www.ifc.org\/wps\/wcm\/connect\/industry_ext_content\/ifc_external_corporate_site\/financial+institutions\/resources\/guidelines-for-blue-finance\" target=\"_blank\" rel=\"noreferrer noopener\">Guidelines for Blue Finance: Guidance for Financing the Blue Economy<\/a>, building on the Green Bond Principles and the Green Loan Principles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source >>> February 10, 2022 1h7tj This article was originally published on the&nbsp;World Bank\u2018s website05 &hellip; <a href=\"https:\/\/eos.co.id\/main\/uncategorized\/blue-finance-what-is-it-and-how-could-it-save-the-ocean\/\" class=\"more-link\"><span class=\"more-button\">Continue Reading<span class=\"screen-reader-text\">Blue finance: What is it and how could it save the ocean?<\/span><\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/posts\/3334"}],"collection":[{"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/comments?post=3334"}],"version-history":[{"count":1,"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/posts\/3334\/revisions"}],"predecessor-version":[{"id":3335,"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/posts\/3334\/revisions\/3335"}],"wp:attachment":[{"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/media?parent=3334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/categories?post=3334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eos.co.id\/main\/wp-json\/wp\/v2\/tags?post=3334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}