The Nature Conservancy plans to deliver ‘Blue Bonds for Ocean Conservation’ to help protect most vulnerable underwater habitats. Global non-profit The Nature Conservancy has announced a $1.6bn plan to help save and restore the world’s oceans by selling ‘blue bonds’ to coastal and island countries.
The Blue Bonds for Conservation initiative will refinance and restructure debt for coastal and island countries, so long as those nations commit to protecting at least 30 per cent of their near-shore ocean areas, including coral reefs, mangroves, and other important ocean habitats.
In exchange for enhanced ocean protections, the TNC says the Blue Bond will give nations better terms for debt repayment and support with ongoing conservation work.
TNC says it has already secured more than $...Read More