Earth Day offers a chance to pause and consider the natural world and the advantages it offers to humans each year. Usually, the conversation centers on conservation and preservation. Well-intentioned people may unintentionally spread the myth that the only way to preserve wild areas is to keep people out of them. We then wonder why this fails to mobilize people to take effective action in the face of our urgent environmental problems.
The focus of this year’s Earth Day is different: Invest in our Planet.
We see it as a call to actively participate in influencing the course of our world. It offers pragmatic solutions to our environmental issues, and by emphasizing our seas, we give that strategy a blue tint.
Sustainable investing, according to Nerd Wallet, takes into account a company’s or investment’s impact on the environment and society in addition to its financial performance. That is a departure from the traditional investing ethos, which prioritizes profit above everything else.
According to environmentalists, making financial investments in our world entails supporting policies that have a positive financial impact while addressing (insert major, terrifying environmental issues such as biodiversity loss, climate change, ocean acidification, plastic pollution, etc.). Understanding that eco-actions don’t have to be selfless and that people and the environment can and should coexist is crucial.
In fact, we encourage the proper types of paradigm changes, ideas, and activities by lining up monetary green with planetary blue and green. Finance can be a catalyst and a lever for the required ocean and climate action when used properly.
Of course, investment can take other forms besides monetary ones, such as time or resources (consider taking part in beach clean-ups, citizen science, etc.). Regardless, all of these two-handed strategies place people in the solution because of their involvement. It provides us the ability and agency to design, manage, and finance the future we want.
There are numerous options available. We’d like to draw attention to opportunities within the traditional notion of investing: funding environmental projects. Many different types of investing are sustainable. These include impact investment, ESG investing, socially responsible investing, blue bonds, green investing, and more.
In Investable Oceans, our main areas of concentration are innovation and investment in the Blue Economy, more specifically in the intersection of ocean and climate. This, in our opinion, is the crucial direction to take for both ourselves and the planet.
Despite covering more than 70% of the planet’s surface, the oceans are frequently disregarded when discussing climate change solutions. Planting trees, electrifying vehicles, decarbonizing networks, and other above-the-surface initiatives are undoubtedly important. They are the obvious low-hanging fruit in the fight against climate change since they are also quite apparent.
However, without interacting with the oceans, we can’t resolve the climate catastrophe. According to The Economist, the oceans are actually just as crucial to the climate as the atmosphere. The World Bank claims that because the oceans are the biggest heat and carbon sink on the globe, they have largely protected us from the worst effects of our addiction to fossil fuels. Unfortunately, we have reached the limit of how long they can continue to shield us, and we aren’t making any changes.
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Similar to this, we admirers of the ocean cannot safeguard marine habitats without reducing harmful greenhouse gas emissions. The greatest threats to the ocean are increasing heat and excessive atmospheric carbon, which cause everything from sea star wasting illness. attributed manatee deaths to massive coral bleaching.
We’re trying to accelerate blue investments for the world in significant and impactful ways rather than giving up hope. How does this appear? It might involve teaching lobstermen in Maine to harvest kelp in the off-season in order to diversify their industries and produce healthy food that fights climate change. It might entail encouraging increased investment in renewable energy sources that both create jobs and meet our growing energy needs, like wave energy.
Alternately, it can entail developing financial infrastructure that encourages and supports the adoption of environmental solutions, such as the use of tradable tokens to promote the decarbonization of historically polluting sectors like shipping.
Although it’s true that our seas don’t contain all the solutions, they nonetheless play a crucial role in the effort to save our planet and subsequently us The time is right at this point. In order to preserve the planet habitable and pleasurable for future generations, funding ocean-climate action is essential.
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Therefore, we celebrate ocean investing as an excellent business for people and the world on Earth Day 2023 as we change our perspective on conservation and business to bring them together on the same team. Let’s make this strategy widely accepted and keep it continuing long after April 22. We’re excited and prepared, and we hope you’ll join us.
