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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.

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