15 years: Ocean conservationist
Climate change is undeniable. So how can we fight the climate crisis in our oceans? Join Vincent Kneefel as he explores two options: financial instruments, such as blue bonds, and nature-based solutions, such as blue carbon.
Climate change is undeniable. So how can we fight the climate crisis in our oceans? Join Vincent Kneefel as he explores two options: financial instruments, such as blue bonds, and nature-based solutions, such as blue carbon.
14 mins 22 secs
There are two methods for saving the ocean: financial instruments (i.e. blue bonds) and nature-based solutions (i.e. blue carbon). The World Bank defines blue bonds as a debt instrument issued by governments, development banks or others to raise capital from impact investors to finance marine and ocean-based projects that have positive environmental, economic and climate benefits. There are important steps to follow when issuing blue bonds including: aligning with global standards, developing KPIs, securing second-party opinions and listing on an ESG exchange. Blue carbon projects that can help the ocean include: ocean farms, mangroves, seagrass and kelp forests.
Key learning objectives:
Define a blue bond
Outline the steps for blue bond issuance
Identify examples of blue carbon projects