Unlocking Blue Economy Finance: 8 G20 Policy Recommendations
With the G20 nations holding 45% of the world's coastline, their role is critical in protecting marine ecosystems while supporting sustainable economic growth. Our oceans generate over $2.5 trillion annually in value, yet only $13 billion has been invested in ocean protection over the past decade. This underinvestment not only threatens climate stability and biodiversity, it also stalls economic opportunities, especially for coastal communities. Drawing from the T20 Policy Brief: "Generating Finance for Blue Economy Transition" (India G20 Presidency, 2023), here are 8 key recommendations that G20 countries can act on & why they’re essential: 1. Adopt Global Standards for Blue Finance There's currently no universal definition of what qualifies as “blue” finance. Without shared standards, investors lack clarity, and the risk of "blue washing" increases. Establishing global frameworks, metrics, and taxonomies will ensure consistency and build investor t...
