Blue economy

EDB partners aquaculture venture firm and WWF to launch blue carbon accelerator programme

Known as Blue Catalyst, the initiative will support startups working on scalable technologies that aim to plug the technological and financing gap in blue carbon projects

The vibrant landscape of climate tech solutions for the blue economy for ocean restoration and preservation of coral reefs, among others, are key financing opportunities for investors to realise long-term value and impact.

From risk to resilience: Why nature-based solutions must be on every CEO’s agenda

They hold the key to enhancing resilience against financial risks linked to climate change

May Liew, CEO of Octave Capital, says: “There has been a rise (in activity) in the blue-economy space. With climate change, we see quite a number of opportunities in which the blue ocean will become more and more important.”

Octave Capital launches US$75 million ocean-focused impact fund with Katapult Ocean

The fund will look into supporting relevant startups in the Asia-Pacific, as well as companies from elsewere looking to expand into the region

Blue bonds are debt instruments to finance marine conservation projects. But in blue bonds tied to debt swaps, only a small amount may go towards marine conservation.

Debt sold by Credit Suisse, BofA loses ‘blue’ label with funds

ENVIRONMENTAL, social and governance (ESG) bonds tied to debt swaps arranged by Credit Suisse and Bank of America (BofA) are being reclassified by the fund managers buying them.

The financial sector and businesses should collaborate to address funding and data gaps to unlock the potential of oceans for lasting growth.
THE BOTTOM LINE

The blue economy offers growth amid economic volatility

By Anton Ruddenklau and Michelle Carter