Do you know about ‘The Sustainable Blue Economy Finance Initiative’?


During the past few years, the term “Blue Economy” or “Blue Growth” has become common place across the planet. Whilst the term has high level links to the resources that can be harnessed from the planet’s expansive oceans, for many people it simply refers to financial activity in the maritime sector and has no links to any sustainable or environmentally based governance or agreed principles. As the greatest ecosystem on earth, the oceans cover 71% of the Earth’s surface and is the primary food source for almost half of the world’s population and hosts an incredibly diverse range of industries including shipping, fishing, aquaculture, coastal tourism, offshore energy and much more.

With an annual economic value estimated at USD$2.5 trillion, equivalent to the world’s 7th largest economy, the blue economy is increasingly attracting investors, insurers, banks, and policymakers as a new source of prosperity. A rapid and unsustainable growth, however, can lead to environmental risks and losses in natural capital, eroding the ocean’s resource base and creating regulatory, market and physical threats. The finance and investment community has a strong role to play in driving sustainable investment but needs guidance on how to act in a complex environment which intrinsically carries significant business risk.

RRF is a non-profit dedicated to the protection of coral reefs in developing countries. The RRF mission statement encompasses the most important elements to support, promote and educate on the risks to fragile reef ecosystems; working with local governments and populations to implement conservation and rehabilitation policies and initiatives.

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