Ocean conservation finance (blue finance) took a large step forward in April on the back of two announcements.
The first came from The Nature Conservancy (TNC), which revealed its plans to put $1.6 billion to work towards marine conservation through the delivery of blue bonds during the next five years.
TNC tested its blue bond idea in the Seychelles starting in 2012, a deal that was a combination of debt restructuring and debt forgiveness, which launched in October 2018.
|
|
|
Mark Tercek, TNC |
TNC CEO Mark Tercek says the organization has highlighted another 20 countries that could benefit from a similar structure.
Thanks for your interest in Euromoney!
To unlock this article:
