Belize provided a likely 'blue' model for conserving some of the world's most vulnerable marine ecosystems on Friday, swapping a promise to protect the northern Hemisphere's biggest barrier reef for much-needed debt relief. While urgent efforts to limit global warming are expected to see at least half a trillion dollars of 'green' bonds this year, 'blue' bonds are still in their infancy, despite estimates that oceans contribute around $3 trillion per year to global GDP. Financial incentives have been one of the main pillars of efforts at the United Nations COP26 climate change summit to tackle rising temperatures, with demands from poorer countries for increased help from richer states. An undated photo shows the effect of "bleaching" on coral off Caye Caulker, Belize. REUTERS/Su...
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