Blue Finance Development in Shandong Province, People’s Republic of China
2024-05-10
The brief details why blue finance is falling short of expectations. In the PRC, it argues the sector is impacted by a lack of national standards, low investor awareness, and insufficient projects. It explains how ADB worked in Shandong Province to integrate a blue finance taxonomy into commercial banks to help strengthen the sector and attract the capital needed to develop sustainable, marine-based economies.