WHAT IS BLUE ECONOMY?The blue economy relates to the sustainable use, management, and conservation of marine resources through activities that bring about economic development and improved the livelihoods, whilst preserving the biodiversity richness of impacted areas. The Climate Change Division at the IDBG defines as following; “a sustainable Blue (circular) Economy “is intentionally designed to create and sustain restorative, regenerative and climate resilient economic, environmental and social harmonization which safely and efficiently utilizes the resources of the land and surrounding water.”” (IDBG, 2019).
SCOPE OF ACTIVITIES
Advisory support related to subjects such as ocean conservation, ocean exploration, Blue Carbon, Sustainable Fisheries, Sustainable Aquaculture, Coastal Zone Management, Nature-based Solutions, Payment for Ecosystem Services, Eco-tourism and marine protected areas, Marine renewable energy.
Promote dialogue with regulators, capital markets and financial sector stakeholders and mobilize financing, knowledge, and networking.
Stimulate private and public funding for climate-related investment .
WHY BLUE ECONOMYAn approximate 97% of world's fisherman reside in coastal areas of developing countries and heavily depend upon marine resources for their daily sustaining livelihoods (UN). In LAC, the total population that reside in coasts is at 27% (UN Environment, 2017) and coastal tourism accounts for a US$6 billion in the Caribbean. Read More
FUNDS RELATED TO INITIATIVE
- Mantente informado sobre el financiamiento verde
IDB Invest supports social and priority housing through the first social bond issued by a private entity in ColombiaIDB Invest, a member of the IDB Group, has subscribed to a social bond issued by La Hipotecaria Compañía de Financiamiento S.A. (La Hipotecaria), for 52 […]