Can ocean health lead to wealth? Our latest House on Fire podcast tackles blue finance

(Credit: Unsplash)

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: James Bray, Podcast producer,


  • Episode six of House on Fire looks at the potential of blue finance to clean and conserve the ocean.
  • Private investment in ocean solutions could make huge economic and environmental gains.
  • Other episodes in the House on Fire series will focus on direct air capture, alternative meats, shipping decarbonization, and more.
  • Find the other World Economic Forum podcasts here

The sixth episode of House on Fire looks at the potential of blue finance. Can ocean solutions be economically as well as environmentally profitable? If so, could private finance unlock the innovation needed to reverse ocean degradation? https://player.acast.com/house-on-fire/episodes/the-surprising-value-of-saving-the-seas

The ocean is estimated to generate an annual value of $1.5 trillion per year, making it the world’s seventh largest economy. But it’s under pressure from a long list of harmful human activities, topped by ocean plastic, rising temperatures and coral bleaching.

In this episode, former EU fisheries minister Maria Damanaki tells us how private investment can make a profit out of ocean investment while restoring and protecting marine health. We speak to a range of investors who agree with her logic, as well as the entrepreneurs hoping to fund smart solutions to oceanic issues via the World Economic Forum’s new Uplink platform.

How UpLink is helping to find innovations to solve challenges like this

UpLink is a digital platform to crowdsource innovations in an effort to address the world’s most pressing challenges.

It is an open platform designed to engage anyone who wants to offer a contribution for the global public good. The core objective is to link up the best innovators to networks of decision-makers, who can implement the change needed for the next decade. As a global platform, UpLink serves to aggregate and guide ideas and impactful activities, and make connections to scale-up impact.https://www.weforum.org/videos/uplink

Hosted by the World Economic Forum, UpLink is being designed and developed in collaboration with Salesforce, Deloitte and LinkedIn.

UpLink is now running the COVID Social Justice Challenge, which aims to tackle social inequalities and injustices within the COVID response and recovery.

Kristian Teleki is the director of the Friends of Ocean Action platform and oversaw this year’s inaugural Uplink competition on the ocean. He describes what it’s like to matchmake investors with creative entrepreneurs who want to see impact on the ocean.

We meet Olivier Raybaud, who blended a lifelong passion for the sea with significant financial acumen to create Blue Ocean Partners, an investment vehicle for ocean impact solutions.

On the other side of the table we talk to: John Seal, CEO of Oceanium, a start-up looking to make a wide range of products from sustainable seaweed; Roger Larsen of Pinovo, which has developed a new technology to eliminate plastic pollution from sandblasting of maritime assets like ships and oil rigs; Ahsan Tariq of CubeX, which uses blockchain technology to eliminate waste in the global shipping industry.

These are just a few of the hundreds of start-ups looking to attract capital for their schemes to save the ocean, whether in coral or mangrove restoration, plastic clean-up, marine conservation zones, or anything else. Will they succeed and what difference can they make?

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Achieving an optimal student-to-tutor ratio during the COVID-19 pandemic

Staying home? Here are 5 exercise tips from the World Health Organization

EU-Singapore free trade deal gets green light in Trade Committee

5 unexpected ways bicycles have made the world a better place

State of Health in the EU: shift to prevention and primary care is the most important trend across countries

Europe can be at the heart of tech with purpose

Retirees will outlive their savings by a decade

UN experts urge India to align new anti-trafficking bill with human rights law

Just transition in EU regions: support to people, economy and environment

Finance for SMEs: Alternative supply mechanisms do exist

Commission welcomes agreement on additional financial support for the most deprived under REACT-EU

Western Balkans: An Economic and Investment Plan to support the economic recovery and convergence

Coronavirus: Commission Statement on consulting Member States on proposal to prolong and adjust State aid Temporary Framework

Tech can reach the world’s unbanked women – but only if they tell us how it should work

AI is transforming cybercrime. Here’s how we can fight back

Brexit: PM May must hush Boris Johnson to unlock the negotiations

How we overhauled healthcare amid Venezuela’s crisis

Fairness should be at the heart of the agricultural goods trade

Migrants and asylum seekers on the Greek islands: committee debate

Human rights breaches in Bangladesh, Cuba and Vietnam

EU mobilises €10 million more to respond to severe Desert Locust outbreak in East Africa

EU Solidarity Fund: Commission gives financial support to Croatia following earthquake

Macron crowned king of Europe in Washington D.C.; just a working meeting with Trump for Merkel

Mergers: Commission approves Assa Abloy’s acquisition of Agta Record, subject to conditions

European Union and African Union sign partnership to scale up preparedness for health emergencies

Quality of air in Bucharest-Romania: is it fog or is it smog?

UN expert calls for international investigation into ‘evident murder’ of Jamal Khashoggi

Guarantee of mental health’s stability in times of pandemic

At UN, youth activists press for bold action on climate emergency, vow to hold leaders accountable at the ballot box

We need to bin disposable items for good. Here are 5 ways to do it

5 ways to go green in your own kitchen

2019 Innovation Scoreboards: The innovation performance of the EU and its regions is increasing

EP President praises Nobel Peace Prize award to Denis Mukwege and Nadia Murad

This is the IMF’s latest take on the economy in 2020

More effort needed to improve equity in education

The US reject EU proposal for prudential financial controls

How dearly will Germany pay for the Volkswagen emissions rigging scandal

From the Field: Women push for peace

This farmer used an age-old technique to save his soil and now his farm is prospering

Migration crisis update: mutual actions and solidarity needed as anti-migrant policies thrive

Athens searches frantically for a new compromise between politics and economic reality

State aid: Commission approves €431 million public support for cleaner transport in German cities

Cultural Intelligence: the importance of changing perspectives

Suriname’s climate promise, for a sustainable future

The new EU “fiscal compact” an intimidation for all people

EU cross-border payments outside Eurozone: MEPs scrap excessive fees

How did Facebook fool the Commission that easily during the WhatsApp acquisition?

These are the cities where people work the longest hours

Statement by President von der Leyen on CureVac

Korea must enhance detection and reinforce sanctions to boost foreign bribery enforcement

The scheming of Boris: win an election after a no-deal Brexit

Dark spots on EU humanitarian aid spending

EU report: Implementation of reforms continues to bring EU and Ukraine closer together

To win combat against HIV worldwide, ‘knowledge is power’, says UNAIDS report

Three trends shaping the future of mobility in 2020

Agreement reached on new EU measures to prevent electricity blackouts

The scary EU elections result and the delayed Council’s repentance

Environmentalists have removed nearly 40 tonnes of trash from the Pacific

5 ways to be a better humanitarian

First aid in six months reaches families in western Yemen, ‘timelines’ slip over Hudaydah ceasefire talks

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s