Blue economies provide a sustainable way forward for developing countries and island economies to formalize their institutions and industries. Seeing as Africa is in desperate need of ensuring its economic growth, a good blue economy framework would establish Africa as an international trade hub and help global supply chains.
With the growing popularity of green movements in every facet of society, the Securities and Exchange Commission (SEC) is looking to launch the largest green financial initiative in history. They plan on implementing a new climate disclosure rule that will require all public companies to disclose their climate data. If the rule is adopted, it will bring about large pivots in global equity portfolio management and alter the market landscape for many industries.