Blue finance focusses on ocean-linked sectors, including but not limited to shipping, seafood, marine renewable energy, including coastal wind energy, ocean thermal energy and tidal energy, port construction, coastal tourism, coastal infrastructure, offshore oil, and gas exploration, etc. - Advertisement -Blue finance is all about monetary tools or reserves that ensure the conservation of the ocean environment. The expansion of blue finance is thus critical since it supports and promotes the global transformation into economic growth associated with ocean sustainability. The emerging global intimidations in the form of climate change and man-made pollution have been challenging concerning the growth of blue finance. For Pakistan, there is a growing need to research and highlight the potential for ocean financing and the challenges focusing on the sub-themes, such as marine conservation, fisheries and coastal infrastructure.

Source: Pakistan Today June 20, 2023 00:56 UTC