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The government of Bermuda has announced plans to issue a blue bond and establish a new blue and green investment fund to support ocean conservation and decarbonization in the island nation. As one of the largest custodians of marine environments globally, responsible for over 460,000 square kilometres of ocean including the ecologically significant Sargasso Sea, Bermuda aims to position itself as a global hub for climate risk capital and insurance through these new financial mechanisms.

Blue bonds allow governments and organizations to raise funds for marine and ocean-based projects that have positive environmental, economic and climate benefits. The proceeds from Bermuda’s blue bond will likely support sustainable fisheries, restoration of coral reefs and mangroves, and the transition to clean energy and low-carbon transportation. The blue and green investment fund will provide further financing for these initiatives while generating returns for global investors.

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