Financial Mechanisms
Innovative Financing from Blue Economy Options (IFBEO)
Sri Lanka explores Blue Economy finance tools like Blue Bonds, Bio-credits, Blue Carbon, and Debt-for-Nature Swaps for marine protection.
Land-Based Pollution
Overfishing and Destructive Fishing
Mangrove Deforestation
Unsustainable Tourism
Coral Reefs Restoration
Wastewater
With the current economic crisis, importance of coastal and marine resources-based economy – or Blue Economy for Sri Lanka has gained renewed interest. It is proposed to explore the potential in using Blue Economy tools as financing mechanisms for the SLCRI. As these are not tested in Sri Lanka, their potential will be explored in the Phase I of SLCRI with the view of applying some of them in the subsequent phases as real solutions. Main areas being discussed in Sri Lanka include Blue Bonds, Bio-credits, Blue Carbon and Debt-for-Nature Swaps (DfNS).
Author Naalin
Region Asia
Country Sri Lanka
GFCR Programme Sri Lanka Coral Reef Initiative (SLCRI)
GFCR Convening Agent International Union for Conservation of Nature (IUCN)
Priority Coral Reef Sites Bar Reef Seascape, Kayankerni Seascape, Pigeon Island Seascape
Sector Financial Mechanisms
Stage Concept/Design
Scale to Investment Yes
Key Contact Naalin Perera
