加速蓝色金融：工具、案例研究和扩展途径

DISCLAIMER The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the viewsof The World Bank, its Board of Executive Directors, or the governments they represent. The World Bankdoes not guarantee the accuracy, completeness, or currency of the data included in this work and does notassume responsibility for any errors, omissions, or discrepancies in the information or liability with respectto the use of or failure to use the information, methods, processes, or conclusions set forth. The boundaries,colors, denominations, and other information shown on any map in this work do not imply any judgment onthe part of The World Bank concerning the legal status of any territory or the endorsement or acceptanceof such boundaries. The contents of this work are intended for general informational purposes only and arenot intended to constitute legal, securities, or investment advice, an opinion regarding the appropriatenessof any investment, or a solicitation of any type. Some of the organizations of The World Bank Group ortheir affiliates may have an investment in, provide other advice or services to, or otherwise have a financialinterest in, certain of the companies and parties named herein. Nothing herein shall constitute or beconstrued or considered to be a limitation upon or waiver of the privileges and immunities of any of theorganizations of The World Bank Group, all of which are specifically reserved. RIGHTS AND PERMISSIONS The material in this work is subject to copyright. Because The World Bank Group encourages disseminationof its knowledge, this work may be reproduced, in whole or in part, for non-commercial purposes as long asfull attribution to this work is given and all further permissions that may be required for such use (as notedherein) are acquired. The World Bank Group does not warrant that the content contained in this work willnot infringe on the rights of third parties and accepts no responsibility or liability in this regard. All querieson rights and licenses should be addressed to World Bank Publications, The World Bank Group, 1818 H StreetNW, Washington, DC 20433, USA; e-mail: pubrights@worldbank.org. Accelerating Blue Finance:Instruments, Case Studies, andPathways to Scale About This Report The sustainable development of the blue economy requires financial instrumentsthat mobilize investment, mitigate risks, and drive measurable impact. This reportpresents a stocktaking of blue finance mechanisms, examining their financial structures,implementation requirements, and performance across categories such as sovereignblue bonds, debt-for-nature swaps, insurance products, and impact funds. It exploresenabling conditions, key challenges, and success factors while assessing the role ofdifferent actors in structuring and scaling these mechanisms. The analysis also examines how these instruments are applied across different sectors,their effectiveness in mobilizing capital, and the frameworks used to monitor andevaluate outcomes. The findings aim to inform policy makers, financial institutions,and investors, offering practical recommendations to enhance the effectiveness andreach of blue finance solutions and replicate and scale them up in supporting the blueeconomy development. Contents Acronyms and AbbreviationsIIIIII ForewordAcknowledgments IV Executive Summary11Introduction81.1Context and Rationale81.2Objectives and Scope of the Report8 2Stocktaking of Blue Finance Instruments10 2.1Thematic Bonds2.2Outcome-Based Finance2.3Risk Mitigation Tools2.4Fiscal and Economic Instruments2.5Dedicated Funds and Facilities 1114172227 3Challenges and Success Factors34 3.1Challenges and Barriers343.2Success Factors and Enablers38 4Recommendations and Conclusions 42 4.1Strengthen Investment Readiness through EnablingPolicies and Regulatory Frameworks434.2Build Robust Data, Metrics, and Methodologies toEnhance Credibility and Performance444.3Mainstream Blue Finance into National Policy, Planningand Strategies454.4Strengthen Stakeholder Coordination to Scale Inclusiveand Locally Grounded Models474.5A Collective Call to Action for Scaling Blue Finance48 Appendix A. Instruments and Mechanisms Studied50 Appendix B. Stocktaking of Blue Finance Tools51 Acronyms and Abbreviations ADBASEANcat bondCO2COASTDFCDFIDNSESGEUFIGFCRICMAIDAIFCIUCNMARMDBMIGANGOPPPSDGSIDSSWENTCFDTNCTNFDUNDPUNEPWTWAsian Development BankAssociation of Southeast Asian Nationscatastrophe bondcarbon dioxideCaribbean Ocean and Aquaculture Sustainability FacilityUnited States International Development Finance Corporationdevelopment finance institutiondebt-for-nature swapenvironmental, social, and governanceEuropean Unionfinancial institutionGlobal Fund for Coral ReefsInternational Capital Market AssociationInternational Development AssociationInternational Finance CorporationInternational Union for Conservation of NatureMesoamerican Reefmultilateral development bankMultilateral Investment Guarant