IFC will treat a fish plant as blue only in jurisdictions enforcing sustainable quotas, and offshore wind only after a year of baseline surveys. What blue finance principles change is how far outside a project a financing decision has to look.
The Basics
Amsterdam in 1609, Lloyd’s coffee house and a Chicago grain elevator all turn on the same question: what has to exist before a stranger will finance something they cannot inspect?
The Basics
Blue finance has no governing body. The international rules are voluntary, written by five organizations together. Canada is now writing its own, with marine protection scheduled for a later phase.
The Basics
The ocean economy is counted at two to three trillion dollars a year. That number covers the industries that touch salt water, and it leaves out most of what depends on the ocean without touching it.
The Basics
Warmer water puts more energy into a storm, and the storm reaches a wharf, a season's revenue and a credit file. How ocean change arrives in finance before finance sees where it came from.
