Page 41 - Indo-Pacific Oceans Initiative (IPOI) 2021
P. 41

FINANCING BLUE ECONOMY:
           A CRITICAL REVIEW AND PATHWAYS AHEAD

           The increasing level of human activity   undertaken on different shades of
           in the ocean is causing severe threats   blue in financing- leading to the
           to marine ecosystem(s), ocean     transformation of the ocean economy
           habitats, including overexploitation   with Blue Bonds and other innovative
           of, climate change and other      instruments. The objective of the
           stressors such as ocean warming,   paper is to provide a critical review of
           acidification, large scale species
           extinction and ecosystem collapses,   all the existing sources of financing
           etc. A holistic view is required by   the blue economy with a view to
           adopting a combination of new multi-   come up with some innovative and
           disciplinary research, infrastructure   new pathways of financing by citing
           solutions and innovative financial   important case studies from IORA and
           instruments. Studies have been    other regional economic groupings.
































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