Lalakbayin Ecoventures reposted this
Simplifying NatureTech and Nature Finance || Strategy Consultant @ Monitor Deloitte and Founder @ The NatureTech Memos
Exciting News - $243 Million for Clean Oceans 🐠 It's a game changer for biodiversity... ... and ocean plastic initiatives in emerging markets 🚨 Status of our oceans: - Over 33% of marine mammals and reef-forming corals are threatened with extinction. -Ocean plastic pollution has increased tenfold since 1980. 🌊 What Happened: - IFC's has issued a $243 million blue bond that will support ocean projects in developing countries. - Since 2020, IFC has provided over $1.9 billion in blue loans and bonds. 🔬 How A Blue Bond Works: 1. Issuance: An organization (like IFC) issues a blue bond. 2. Investment: Investors buy the bond, providing upfront capital. 3. Project Selection: The issuer identifies eligible blue economy projects. 4. Fund Allocation: Money is distributed to chosen projects. 5. Implementation: Projects are carried out, benefiting oceans and water resources. 6. Monitoring: Progress and impact are tracked and reported. 7. Repayment: The issuer uses revenues from funded projects to repay investors with interest over time. 🏦 Previous Success Stories: a) Philippines: $100 mn bond to reduce 2.5 mn tons of plastic waste annually b) Brazil: $150 mn to clean up the Pinheiros River and improve sewage collection for 2 mn people c) Ecuador: $40 mn to supports more sustainable processes at fisheries and aquaculture projects 🛰 Zoom Out: - There was a 163% rise in the use of the blue label for environmentally focused bonds last year - This pushes the size of the market to a whopping $6.4 billion What's your view on Blue Bonds? How can start-ups help ensure they have the desired outcomes? 🎞️ SZTV --- Enjoy this post? 1. Follow me for daily updates on NatureTech and Nature Finance 2. Subscribe to my weekly newsletter The NatureTech Memos
Between the National Park grants and this, that's a lot of good investment Ollie! One question I have is, are these projects that are being led by local people and communities who understand the ecosystems that they're dealing with?
This is amazing! I can not wait to see its impact :D
That's awesome news, Ollie. Can't wait for the before / after pics.
Great post, as always Ollie. I have a question. Could you elaborate a little bit on how such revenues are generated which then are used to repay investors? For example for the project in the Philippines? Thank you!
Making Sustainability Profitable. Founder @ Business with Impact | Business Advisor, Speaker, MiniMBA instructor and International Bestselling Author
3mojust love to read your posts - they bring hope and insights into the progress being made around the globe. More #positivenews is what the world needs.