Now some of the giants of the financial world are realizing there could be profits in ocean conservation. “We’re doing all these to help Mother Nature.”Historically, ocean protection has been funded by governments, charities and a few ethically minded investors. The money is allocated by the independent Seychelles Conservation and Climate Adaptation Trust. This winter, the organization hopes to ink the first deals toward its target of generating $1.6 billion for ocean protection around the world. It aspires to negotiate debt-restructuring arrangements, funded by blue bonds, in 20 coastal and island nations within the next five years.

Source: Washington Post October 28, 2020 12:03 UTC