What blue finance looks like in practice. The focus is on real projects from around the world, how they were structured, and what they produced. Both the good and the bad.
In Practice
Ten projects worldwide are issuing blue carbon credits, and one accounts for most of them. Here is what the market actually looks like, what a lender needs before carbon revenue counts toward a loan, and why Canada has not issued a credit yet.
Indigenous Stewardship
On BC's central coast, the Wuikinuxv Nation is working out whether finance can support salmon stewardship over the decades salmon actually need. The governance and the priorities are already there. The open question is whether a financing structure can be built to fit them instead of the reverse.
The Instruments
In 2023, the world's largest offshore wind company became the first energy firm to issue a blue bond. What the money actually funded says something about where corporate blue finance is heading.
The Instruments
In 2018 one of the world's smallest countries borrowed fifteen million dollars and, in doing so, showed the world what a blue bond could be. The money was small. What Seychelles attached to it, in conditions, reporting, and marine protection, was the part worth studying.