In his June 28, 2021,
article, McGuireWoods London partner Marc Naidoo discussed how, after a promising start, the rise of blue bonds has stymied,
sidetracked by green deals.
Naidoo provided a brief recap of the trajectory of blue bonds. He explained
how the blue economy — sustainable use of ocean resources for economic
growth — has potential for development but is not gaining traction in the
general landscape of environmental, social and governance (ESG) issues.
In conclusion, he said sustainable finance players should take the lead
creating more blue deals to ensure that blue bonds remain an option in the
spectrum of ESG instruments. “It is only then that we can develop these
other sectors and ensure that the blue bond was not in fact, a false
start,” he said.