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 Milestones

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

Security spillovers from Trump’s trade wars: China, Germany prepare for global disorder

Why the UN is investigating poverty in the United Kingdom

These 5 countries are home to more than half the world’s forests

MEPs back plans to promote water reuse for agricultural irrigation

Coronavirus: Commission starts testing interoperability gateway service for national contact tracing and warning apps

Eurogroup: IMF proposes Germany disposes

Better understanding the psychological impact caused by the COVID-19 Pandemic

First EU collective redress mechanism to protect consumers

Stigmatized, shunned and shamed, International Widows’ Day draws attention to their unique needs

EU’s new environmental policy on biofuels impacts both the environment and the European citizen

Parliament gives green light to EU-Singapore trade and investment protection deals

The EU learns about fishing and banking from tiny Iceland

Denouncing attacks against Baghdad protesters, UN warns ‘violence risks placing Iraq on dangerous trajectory’

Arrest of three Libyans wanted for grave crimes ‘would send strong and necessary message’ to victims, urges top Prosecutor

The European Union continues to lead the global fight against climate change

How to plan your company’s future during the pandemic

Commission adopts Recommendation on EU coordinated approach to travel and transport in response to new variant of coronavirus in the UK

EU-UK: A deal synonymous to ‘remain’, England pays the Irish price

WEF Davos 2016 LIVE: Banking moguls continue brandishing financial Armageddon to intimidate us all but in Davos they worry about the very distant future

EU-Turkey leaders’ meeting, 9 March 2020

We need to talk about how we define responsibility online – and how we enforce it

How 5G can connect the affordable homes of the future

How private investment can boost education access and quality in the digital economy

Tsipras imposes more austerity on insolvent Greece; plans to win new early election soon

The use of mobile technologies in Radiation Oncology: helping medical care

Raw materials: Commission launches new online portal to support responsible sourcing in businesses

State aid: Commission approves €12.835 million Italian aid measure to compensate Alitalia for further damages suffered due to coronavirus outbreak

New poll shows what people think coronavirus will do to their economies

How the creative manufacturing and handmade sector can craft a post-COVID-19 future

Deutsche Bank: the next financial crisis is here and the lenders need €150 billion from taxpayers

Organizations can get reskilling right. This McKinsey survey shows how

Things are bad and getting worse for South Africa. Or are they?

Commissioner sings “Volar-e” but the European driver no “Cantar-e”

Here’s how we solve the global crisis of tribalism and democratic decay

On COVID-19: Did we prepare for another storm while dust was settling? A tale of world’s largest democracy

This project is using AI and drones to track and protect great white sharks

Brexit: UK to suffer from EU’s uncompromising stance

Antitrust: Aspen proposes 73% price reduction for six off-patent cancer medicines to remove Commission’s excessive pricing concerns

The EU threatens to occupy Libya militarily; is another colonial war brewing?

How Costa Rica’s environment minister talks to his daughter about climate change

Draghi drafts a plan to donate more money to bankers, the era of ‘money for nothin’ is flourishing

Becoming a father made me more motivated to end anti-Asian hate

Almost all businesses expect to face a crisis. And how they deal with them really counts

To realise the full potential of AI, we must regulate it differently

The 4 types of leader who will thrive in the Fourth Industrial Revolution

Still a long way to go to achieve gender equality in all EU countries

COVID-19: Peoples’ response and myths -did we learn anything?

The West and Russia accomplished the dismembering and the economic destruction of Ukraine

CO2 emissions around the world

4 principles for securing the digital identity ecosystem

Assembly President launches new initiative to purge plastics and purify oceans

Impacting society with digital ingenuity – World Summit Award proclaiming the top 8 worldwide

Top UN court orders Myanmar to protect Rohingya from genocide

The European Sting’s 2018 in most critical review

How China is tackling air pollution with big data

Brexit: when the hubris of one man can set the UK, the EU and the entire world on fire

Amid strong outlook for U.S. economy, risks abound

What do the Dutch court ruling on Shell and shareholder moves at Chevron and Exxon mean for oil giants in the era of climate action?

UN relief chief urges Security Council to back aid delivery, more funding for millions of Syrians hit by harsh weather

FROM THE FIELD: One teen’s journey from refugee camp to US school principal

More Stings?

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