Can blue bonds bridge the gap in sustainable development?

With the global funding gap for sustainable development goals (SDGs) widening, particularly in emerging markets, innovative financial tools like blue bonds are gaining traction. Blue bonds, which fund ocean-friendly and clean water projects, are a new addition to the sustainable debt market and offer significant additionality—creating positive impacts that would not otherwise be achieved. By addressing underfunded SDGs 6 (clean water and sanitation) and 14 (life below water), blue bonds are poised to accelerate progress in regions where capital is scarce. As emerging markets contribute a large...