Remove Global Economy Remove Green Bonds Remove Shipping
article thumbnail

How blue bonds could give a boost to ocean finance

Financial Times: Moral Money

This can cover projects from sustainable fishing to coral reef restoration, cleaner shipping practices and eco-friendly tourism. Since the first blue bond issuance by the Seychelles in 2018, the market has grown, albeit modestly. Last year, blue bonds worth $2.5bn were issued, according to data provider ICE — a 10.6

article thumbnail

Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

times higher than the UK's own greenhouse gas emissions (excluding aviation and shipping). Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 trillion USD in fossil fuels.

Net Zero 113
article thumbnail

Take Five: From America to the World

Chris Hall

In related news, NatWest Group issued this week the first bond by a UK bank dedicated to financing and re-financing electric vehicles (EV), raising net proceeds of €750 million (US$811.4 The EV Green Bond originated from the group’s asset finance arm – Lombard.