Sign Up
Stories
Blue Bonds for Gabon's Ocean Conservation
Share
Awards Triumph and Bond Success
COP28: Climate Finance and Investment Re...
Climate Regulation and Finance
Barclays Strengthens Green Financing
BlackRock's Climate Finance Reforms
COP28 Summit: Climate Finance Challenges
Overview
API
Shearman & Sterling advised The Nature Conservancy in the creation of 'Blue Bonds' to refinance Gabon's national debt, generating an expected $163 million for ocean conservation. This is the first conservation-focused 'debt conversion' involving a country in mainland Africa, aiming to finance a Marine Spatial Plan, protect marine areas, and address illegal fishing in Gabon.
Ask a question
How might the success of 'Blue Bonds' impact the global trend in environmental finance?
In what ways could this project influence the relationship between governments and environmental nonprofits in the future?
What challenges might arise in implementing the 'Blue Bonds' project in Gabon, and how could they be addressed?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Nov 2023
Dec 2023
Jan 2024
Coverage
shear