|
By Vanessa MÜLLER, Anna ILLARIONOVA, Alexia SCULFORT Beatrice VINACCIA, EY Luxembourg*
The blue economy, or the water and oceans finance, is emerging as the new frontier for sustainable finance. Luxembourg can play a strategic role by directing capital towards blue infrastructure and projects.
The ocean underpins global prosperity: over 80% of world trade by volume travels by sea, around 500 million people rely on small-scale fisheries for income, and more than three billion people depend on marine resources for food security. Oceans stabilize the climate by absorbing almost 90% of the excess heat from human-driven warming and represent 99% of Earth’s habitable space for wildlife(1).
Marine ecosystems face rising...
|