The ocean, if treated like a country, is the seventh-largest economy in the world with an estimated value of $2.5 trillion.
However, financing remains a key concern for realizing the potential of the blue economy, defined as the sustainable use of ocean and coastal resources to drive economic growth and improve livelihoods, while protecting and nurturing marine ecosystems.
This report from the Asian Development Bank gives an overview of Southeast Asia's blue economy with a particular focus on the investment approaches, opportunities, and finance mechanisms that are available to promote and catalyze funds for a sustainable ocean economy.
It also proposes a blue finance mechanism which can provide tailored concessional finance and de-risking instruments to blue economy projects along with support for structuring sustainable project models and improving institutional capacity.
Contents
- The Blue Economy in Crisis
- Blue Finance: Needs and Challenges
- Blue Finance: Principles and Mechanisms
- Ocean Health Credit Finance Mechanism: A Proposed Accelerator
- Potential Initiatives in Southeast Asia
- Conclusion
Published December 2021.
Source: Asian Development Bank.
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