Latest content: Oceans and natural resources

The Commonwealth Guide to Blue Bond Issuance has been developed to help governments assess, design and implement credible sovereign blue bond programmes and support countries to make informed, practical decisions that balance sustainability goals with fiscal realities.

The first part of the report provides an accessible guide to blue bonds and the key factors that should be considered by government officials in ministries of finance, planning and environment when evaluating whether a blue bond is the right financing tool to support sustainable blue economy goals.

Part II provides step-by-step practical guidance for governments on preparing, issuing and managing sovereign use of proceeds blue bonds.
Read publication - The Commonwealth Guide to Blue Bond Issuance
The Commonwealth is playing a vital role in advancing the ratification and implementation of the Agreement on the Conservation and Sustainable Use of Marine Biodiversity Beyond National Jurisdiction (BBNJ Agreement), adopted under the United Nations Convention on the Law of the Sea in 2023, and now coming into focus as countries gather this week in Nice, France, for the UN Ocean Conference.
Read news - The Commonwealth drives progress on historic BBNJ Agreement
Commonwealth High Commissioners and other member country representatives recently met at Marlborough House for a briefing on the implementation of the Apia Commonwealth Ocean Declaration, adopted in Samoa at the 2024 Commonwealth Heads of Government Meeting. The briefing provided member countries with a vision for ÌìÃÀ´«Ã½ at the UN Ocean Conference in Nice, to be held in June.
Read news - Apia Commonwealth Ocean Declaration reaffirmed ahead of major UN Ocean conference
The International Maritime Organization’s Marine Environment Protection Committee (MPEC) is convening this week in London to try to negotiate the reduction of greenhouse gas emissions (GHG) from the global shipping industry. The discussions are expected to have major implications for global trade, climate action and economic resilience, with almost all of the 56 Commonwealth countries likely to be affected.
Read news - The Commonwealth unpacks critical negotiations for decarbonising global shipping