Climate risks push Indonesia to explore blue bond market

📆 16/05/2023 4:38 a. m.
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Proceeds will fund investments in Indonesia's ocean conservation and climate change mitigation programmes. Read more at straitstimes.com.

JAKARTA – Indonesia is turning to the yen market for a rare sale of blue bonds to raise funds for ocean-related projects.

Only a handful of issuers globally have sold blue bonds, which were pioneered by the island nation of Seychelles in 2018. The variant of green debt typically channels funds into areas such as marine conservation and improving water resources, underscoring some of the issues posed by climate change.

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