Financing the Ocean Back to Health in Southeast Asia:

Download or read book Financing the Ocean Back to Health in Southeast Asia: written by Asian Development Bank and published by Asian Development Bank. This book was released on 2021-12-01 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication provides an overview of the “blue economy” and emphasizes its significance for protecting the biodiversity of natural resources in Southeast Asia. The “blue economy” is defined as the sustainable use of ocean and coastal resources to drive economic growth and improve livelihoods, while protecting and nurturing marine ecosystems. In this publication, investment approaches, opportunities, and finance mechanisms that can promote and catalyze funds for a sustainable ocean economy are discussed. Multilateral and bilateral funding sources, a market-based approach, incentives, and regulations, among others, are presented. Also considered is the need to align these elements with a cohesive development framework for the blue economy.