blue economy and banking

Research presentations explored innovative ocean financing schemes, as well as strategies for mitigating the impacts of climate change and unsustainable practices on communities that rely on healthy ocean and coastal ecosystems. The World Bank is deeply committed to supporting the blue economy, with a blue portfolio of USD 2.6 billion in investments , through important knowledge work such as the Sunken Billions reports, as well as by supporting improved governance, fiscal and financial reforms at … GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. Africa's Blue Economy: A policy handbook v Figures, table, boxes and case studies Figures Figure 1: Financial resources into and out of Africa in reference to foreign direct investment (FDI), international assistance, and remittances (2010) 4 Figure 2: The prevailing Blue Economy framework 8 Figure 3: Blue Economy conceptual framework 9 the blue economy represents roughly 5.4 million jobs and generates a gross added value of almost €500 billion a year. 3.2 The Concept of a ‘Blue Economy’ 42 3.3 A Blue Economy Conceptual Framework 44 3.4 A Caribbean Blue Economy: Aligning Economic Growth and Ocean Health 49 3.5 Case Study: Grenada: Translating Aspiration to Action in Its Transition to a Blue Economy 53 CHAPTER 4. Blue Economy Indicators c. Blue Growth A sustainable ocean economy, where economic activity is in balance with the long-term capacity of ocean ecosystems to support this activity and remain resilient and healthy (Economist Intelligence Unit … establmaritime sectors It is a broad concept as it is not only confined to minerals and marine products, but also includes even maritime activities like shipping services. International society believes that blue economy covers three economic forms: economy coping with global water crisis1 (McGlade et al., 2012); innovative development economy2 (Pauli, 2009) and development of marine economy3 (Behnam, 2012). “A blue economy is a long-term strategy aimed at supporting sustainable economic growth through oceans-related sectors and activities, while … Fir. Blue Economy Framework b. , e.g. For Indian Ocean region, Blue Economy has importance in food security, sea borne trade, coastal tourism, alternative source of energy, coastal urbanization and so on. In this definition, the blue economy can be seen as a subset of the green economy; • another definition classifies ished . It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. Related Projects. circumstances and the national vision adopted to reflect its own conception of a blue economy. That's why in 2017, a partnership between the European Commission, WWF, the Prince of Wales’s International Sustainability Unit and the European Investment Bank (EIB) has developed a set of voluntary Sustainable Blue Economy Finance Principles. With the Blue Economy Action Plan as its foundation, the World Bank Group supports the development of integrated, sustainable and healthy marine and coastal resources. However, every year, the global community bears huge financial losses caused by ocean pollution and exploitation. as in the definition used by the World Bank: The blue ' economy is sustainable use of ocean resources for economic growth, improved liv elihoods and jobs, and ocean ecosystem health '. Since the 21st century, the concept of the “Blue Economy” has become increasingly popular. At its heart, it reaffirms the values of the Commonwealth, including Livewell Fisheries. This is the topic of the research paper, “ Financing the Blue Economy: A Caribbean Development Opportunity ,” produced jointly by the Caribbean Development Bank (CDB) and United Nations Development Programme (UNDP). In the field of academic research, the research literature about blue economy mainly includes t… Hits: 0 City: Geneva, Switzerland Office: UNEP Geneva Posting Title: UNEP Finance Initiative (UNEP FI) Communications Consultant – Banking, Blue Economy and Ecosystems Department/Office: United Nations Environment Programme Duty Station: GENEVA Posting Period: 03 December 2020 – 10 December 2020 Job Opening Number: 20-United Nations Environment Programme-145961-Consultant … The focus was on the blue economy and blue finance, including related governance planning, sectoral management, and risk management. The ‘Blue Economy’ is an emerging concept which encourages better stewardship of our ocean or ‘blue’ resources. Apart from addressing concerns such as resource scarcity and waste disposal, blue economy aims for holistic and sustainable development along with enhancing human welfare. Ambitious governance reform supported by the World Bank in Morocco for instance, helped the country develop its aquaculture sector to generate jobs, especially for women, in rural The damage will be less than what the committee had expected, Kamath said, pointing out that most of India’s top … Blue Economy Caribbean was launched in 2018 as a call for the Region to prioritise coastal and marine economies that are sustainable, scalable, inclusive, and environmentally sound. Katugampola: As the Seychelles’ blue bond demonstrated, this is not purely an environmental issue; it’s an economic one. To help guide the crucial role that banks, insurers and investors can play, the Sustainable Blue Economy Finance Principles were unveiled in 2018. The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It is encouraging to see that the Albanian government is committed to advancing “blue growth” to higher levels. The Blue Economy acknowledges that some aspects of so-called "green living", such as buying organic food and using certain forms of renewable energy, can be economically out of reach for large sections of the population. Globally, the market value of marine and coastal resources and industries, otherwise known as the Blue Economy, is estimated at USD 3 trillion per year or about 5% of global GDP. Blue bonds are emerging as an instrument to finance solutions at scale. What is the “blue economy”? Sustainable Blue Economy Finance Principles 1. Today at The Economist World Ocean Summit, the Sustainable Blue Economy Finance Principles were unveiled. • Overview of the Sustainable Blue Economy Finance Principles • Responsible Investor Survey Preliminary Findings 2. Adopting a “blue economy” approach (in which the economic value of marine assets is maximised while the health of marine and coastal ecosystems is protected) … In part, the broader emergence of aligning business practices with the United Nations Sustainable Development Goals has catalyzed this conversation. PATHWAY AND APPROACH FOR THE TRANSITION TO A CARIBBEAN BLUE ECONOMY 60 This “Blue Economy” approach supports economic growth, social inclusion and the preservation or improvement of livelihoods while at the same time ensuring the environmental sustainability of oceans and coastal areas. World Bank approves US$20 million Credit for Grenada’s Transition to a Resilient Blue Economy Media Release Courtesy The World Bank. In 2017, a partnership between the European Commission, WWF, the Prince of Wales’s International Sustainability Unit and the European Investment Bank (EIB) has developed a set of voluntary Sustainable Blue Economy Finance Principles. 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