FINANCING “BLUE” ECONOMY: WORLD AND RUSSIAN PRACTICE

Author:

Evdokimova A.A.1,Konovalov A. M.1,Baturova G. V.1

Affiliation:

1. Institute for Integrated Studies of National Maritime Policy MIREA – Russian Technological University

Abstract

The article briefly describes the prerequisites for the emergence of the blue economy concept. Characteristics are given of the international innovative business standards that have emerged on its basis (Practical guidance for implementing the Sustainable Ocean Principles of the UN Global Compact, Sustainable Blue Economy Finance Principles of the UN Environment Programme Finance Initiative) and new types of financial instruments (blue bonds and debt-for-nature swap). Particular attention is paid to the development of the market for financing a sustainable development in the Russian Federation and the prospects for the emergence of blue bonds on it.

Publisher

P.P. Shirshov Institute of Oceanology, RAS

Reference26 articles.

1. Bank of Russia, Glossary of terms in the field of sustainable development. https://cbr.ru/develop/ur/faq/ (accessed: 11.17.2023).

2. Bank of Russia annual report for 2023. https://www.cbr.ru/Collection/Collection/File/49041/ar_2023.pdf/ (accessed: 03.04.2024).

3. Bloomberg Línea How Wall Street’s New ESG Money-Maker Promises Nature Conservation in Emerging Markets. https://www.bloomberglinea.com/english/how-wall-streets-new-esg-money-maker-promises-nature-conservation-in-emerging-markets/ (accessed:18.11.2023).

4. Department of Multilateral Economic Cooperation of the Ministry of Economic Development of Russian Federation «The Blue Economy Concept: Review of International Sustainable Management Practices». 2021, https://www.economy.gov.ru/material/file/4f3bdf9df55157624f13ff2440275880/130821.pdf/ (accessed: 17.11.2023).

5. European Commission,2021, The EU Blue Economy Report. 2021. Publications Office of the European Union. Luxembourg.

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