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UNOC, which was first held in 2017, brings together a broad range of stakeholders, including governments, intergovernmental organisations, international financial institutions and the scientific community. 360° view of the pipeline Investors are increasingly recognising the financial materiality of sustainable and regenerative oceans.
Governments gathering for critical ocean -focused negotiations this summer must prioritise unlocking private financial flows into a sustainable and regenerative blue economy, according to ocean finance experts. A unified taxonomy helps investors identify credible projects and avoid greenwashing, increasing trust in blue finance.
Issuance of green bonds has more than tripled from 2017 to 2021. In addition, the green bond market remains fraught with challenges including poor quality of reporting and transparency, and, according to the head of the International Accounting Standards Board, “rampant greenwashing.”
In Senegal, the government, via the Senegalese Agency for Reforestation, has partnered with local farmers practising regenerative agriculture. Wall of greenwash? The BBC subsequently reported in 2017 that in Senegal alone, more than 11 million trees had been planted.
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