Why the Hot New Shade for Green Bonds Could Be Blue

Few places in the world have greater need for financing to fund water projects and protect the oceans than the Indo-Pacific region, with its vast coastlines and countless islands, many at risk from rising sea levels due to climate change. Enter so-called blue bonds — similar to wildly popular green bonds but focused on such challenges as sustainable fishing and reducing plastic waste. Pioneered in 2018 by the Seychelles, an archipelago in the Indian Ocean, the concept is still relatively rare b

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