Clean oceans and the blue economy Overview 2023
Year: 2010
Content-Type: Executive Summary
Description: Keeping the ocean clean and healthy is crucial for sustainable development and poverty reduction. This is reflected in the UN Sustainable Development Goals (SDG 14: Life Below Water). Financial markets and institutions can play a pivotal role in driving the ocean sustainability agenda. Since 2017, the UN Ocean Conference and the Our Ocean Conference have collected around 1 800 measurable and financial commitments, mobilising $108 billion. Considering the threats the ocean faces, the EIB, as the EU climate bank, has begun to step up its lending and advisory activities in marine-related sectors. The Bank invests in a sustainable blue economy by supporting low-carbon marine solutions, coastal resilience to climate change, preservation and restoration of the ocean’s natural capital, as well as innovation, education and public research linked to the ocean. Between 2018 and 2022, EIB lending to the sustainable blue economy amounted to €6.7 billion, leveraging €23.8 billon of investments.
Pages: 8 pages
Author: European Investment Bank (EIB)
Categories: Biodiversity Protection, Climate / Resilience, Infrastructures, Investments, Publications, Sustainability
Tags: Biodiversity Protection, Climate Change, Infraestructure, Investment, Sustainability