Topic– Conservation, environmental pollution and degradation, environmental impact assessment
8) What do you understand by a Blue Bond. Discuss its relevance for a country like India.(250 words)
Why this question
Seychelles has recently been successful in raising around 15 million dollars from its newly devised Blue Bonds. In this context it is essential to discuss the nature of Blue Bonds and its relevance for a country like India.
Discuss- this is an all-encompassing directive which mandates us to write in detail about the key demand of the question. we also have to discuss about the related and important aspects of the question in order to bring out a complete picture of the issue in hand.
Key demand of the question.
The question wants us to describe the meaning of Blue Bonds. It then wants us to discuss the relevance of the blue bonds for India.
Structure of the answer
Introduction– write a simple description of a blur bond. E.g The blue bond is a debt instrument issued by governments, development banks or others to raise capital from impact investors to finance marine and ocean-based projects that have positive environmental, economic and climate benefits. The blue bond is inspired by the green bond concept, which people are more familiar with.
- Discuss the concept of blue bonds in detail and mention the initiative of Seychelles in this direction. E.g The bond, which raised US$15 million from international investors, demonstrates the potential for countries to harness capital markets for financing the sustainable use of marine resources. The World Bank assisted in developing the blue bond and reaching out to the investors etc.
- Discuss the relevance of blue bonds for India. Discuss the Indian fisheries sector- employment generated, livelihoods dependent on it, and also mention the issue of overexploitation faced by Indian fisheries sector. In this regard bring out the need for a blue bond like instrument for India.
Conclusion- based on your discussion, form a fair and a balanced conclusion on the given issue.