Proposing Regulatory=Driven Blue Finance Mechanism for Blue Economy Development
Yoshioka, Nagisa; Wu, Hsing Hao; Huang, Michael C.; Tanaka, Hajime | June 2020
Abstract
The ocean is being jeopardized because of the adverse effects of climate change and human activities, such as marine plastic pollution, extreme weather events, sea level rises, and others. In addressing these ocean risks, ensuring sufficient finance to sustain the ocean economy is an ever-present challenge, particularly for those vulnerable regions, coastal communities, and small island developing states. Blue Finance, as a concept, is thus critical to ensure sustainability and conservation of the marine ecosystem and resources aligned with economic growth. Ocean sustainability has attracted global finance initiated by multilateral development banks and international institutions. This paper explores the interconnection between stakeholders among agents in the Blue Finance mechanism to illustrate incentives to increase private investment in addition to public donations in financing ocean health protection and boosting the blue economy. We then attempt to propose potential regulatory and institutional arrangements incorporating the concept of the blue financing principles in the context of the relevant legal regimes concerning marine governance both at the international and domestic levels. We further elaborate on the potentials of these legal and institutional arrangements to provide incentives for increasing private investment in marine development programs seeking economic growth and sustainability.
Citation
Yoshioka, Nagisa; Wu, Hsing Hao; Huang, Michael C.; Tanaka, Hajime. 2020. Proposing Regulatory=Driven Blue Finance Mechanism for Blue Economy Development. © Asian Development Bank Institute. http://hdl.handle.net/11540/12221.Keywords
Work Environment
Urban Environment
Social Environment
Regulatory Environments
Marine Environment
International Environmental Relations
Institutional Environment Assessment
Global Environment
Environmental Sustainability
Environmental Strategy
Environmental Services
Environmental Resources
Environmental Management and Planning
Environmental Issues
Environmental Guidelines
Environmental Effects
Environment and Pollution Prevention
Urban Development Finance
Trade Finance
Small Business Finance
Rural Finance
Roundtable on International Trade and Finance
Regional Development Finance
Public Service Finance
Public Finance
Project Finance
Private Finance
Nonbank Financing
Non-Bank Financial Institutions
Municipal Finance
Local Government Finance
Local Currency Financing
Limited Resource Financing
International Financial Institutions
Infrastructure Financing
Industrial Finance
Government Financial Institutions
Government Finance
Financing of Infrastructure
Financial Sector Development
Financial Regulation
Foreign direct investment
Environmental Control
Environmental Technology
Land Development
Forestry Development
Fishery Development
Environmental Statistics
Environmental Planning
Environmental Management
Environmental Education
Environmental Capacity
Pollution Control
Nature Protection
Environmental Conservation
Taxation
Public Accounting
National Budget
Municipal Bonds
Local Government
Local Taxes
International Monetary Relations
International Financial Market
International Banking
Central Banks
Business Financing
Capital Resources
Budgetary Policy
Capital Needs
Corporate Divestiture
Capital Instruments
Pension Funds
Insurance Companies
Banks
Portfolio Management
Fiscal Administration
Economics of Education
Development Banks
Bonds
Air quality indexes
Ecological risk assessment
Environmental impact evaluation
Analysis of environmental impact
Environmental toxicology
Health risk assessment
Rain and rainfall
Acid precipitation
Ozone-depleting substance mitigation
Greenhouse gas mitigation
Prevention of pollution
Air quality
Air quality management
Pollution
Use tax
Taxing power
State of taxation
Tax-sales
Tax revenue estimating
Tax planning
Spendings tax
Special assessments
Tax administration and procedure
Sales tax
Real property and taxation
Progressive taxation
Effect of taxation on land use
Effect of taxation on labor supply
Intergovernmental tax relations
Inheritance and transfer tax
Energy tax
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