The report draws on insights from a multi-stakeholder dialogue convened during Mumbai Climate Week 2026 to examine the opportunities and structural challenges shaping blue finance for urban coastal resilience in emerging markets. It highlights the scale of financing needs alongside key barriers such as risk mispricing, tenor mismatches, fragmented governance, and limited bankable project pipelines, while outlining critical market preconditions including regulatory clarity, standardised frameworks, and stronger project aggregation. The report also explores the role of blended finance, credit enhancement, and risk transfer mechanisms in addressing risk-return gaps and presents emerging structuring solutions to help transition blue finance into a scalable asset class that can support climate-resilient development and financial stability.