The Nature Conservancy unveils $US1.6B debt-for-nature swap

The Nature Conservancy (TNC) has unveiled what it says is a pioneering US$1.6 billion scheme to scale up global ocean conservation efforts through “blue bonds”.

The bonds will refinance and restructure debt for coastal and island countries in exchange for a commitment to protect at least 30% of their near-shore ocean areas, including coral reefs, mangroves and other important habitats.

https://chinadialogueocean.net/7672-nature-conservancy-unveils-us1-6-billion-scheme-to-save-the-oceans/