Climate Week NYC was bigger than ever, with over 900 events covering a broad spectrum of topics. We’re happy to report the oceans seemed to reach new levels of engagement and integration into mainstream climate dialogues.
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Following a marked increase in ocean related events at last year’s Climate Week NYC, we’re delighted that this year is likely to serve up an even broader array of blue gatherings. We chalk this up to an ever-increasing awareness of ocean-climate linkages, more investment opportunities and the chance to connect with geographically dispersed ocean actors in a single trip to New York City.
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In the past few years World Oceans Day has become a global phenomenon. Last year the event had a social media reach of 67+ million and over 100,000 people viewed the program.
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At last month’s Economist’s World Ocean Summit in Lisbon, we participated in the panel announcing this year’s winners of the Ocean Changemakers Challenge. The three winners – rrreefs, SOS Carbon and Water Warriors – were all inspiring, and Ted is looking forward to serving as mentor for the coming year for rrreefs, a passionate Zurich-based startup rethinking, rebuilding and regenerating coral reefs with an innovative modular reef system.
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The Economist’s annual World Ocean Summit kicks off Monday in Lisbon. Ted was delighted to serve as a judge in this year’s Ocean Changemakers Challenge , and will continue on as a mentor for one of three winners along with Marisa Drew, Chief Sustainability Officer at Standard Chartered and Lubomila Jordanova, CEO of PlanA.
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We’ve commented in recent newsletters that oceans have received increasing visibility at global gatherings, most recently at COP28’s Ocean Pavilion
. On first blush, that trend wasn’t as pronounced during Davos, with AI and elections dominating the headlines. On closer inspection though, there were numerous positive developments...
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As we enter 2024, we wanted to note a few 2023 highlights from our perspective. First and foremost, the oceans gained a lot of support this year – from donors, investors, NGOs and governments. While we all of course feel the imperative to do more faster, there are many examples of increasing interest in ocean stewardship and investment, including oceans gaining a prominent seat at the table at Climate Week and COP28.
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In our last newsletter we wrote about the oceans gaining visibility at September’s Climate Week NYC. We’re excited that similar progress seems likely at COP28.
When over 70,000 people head to Dubai for the next two weeks to grapple with a broad range of climate issues, they’ll have many oceans options, both in the pass-required Blue Zone as well as at more broadly accessible side events.
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Building Sustainable Capital Markets for the Oceans. We used this phrase during Climate Week NYC and it seemed to strike a chord – so we’re making it our mission statement. The timing is not accidental: over the past months the blue economy dance card has filled in across the major asset classes of stocks, bonds, private equity and venture capital.
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A number of us have backgrounds in structured finance, so we’ve been excited for some time about the potential for blue bonds to help accelerate a sustainable ocean economy. In 2021 we co-hosted a panel of experts with DLA Piper to review the expanding array of offerings, which at the time included a pioneering Bank of China blue bond offering of nearly $1 billion.
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Recent global heat waves, floods and fires are ringing alarms louder than ever, and there have been numerous outstanding analyses and reflections on our current situation. Here are a few suggestions for pieces that provide a broader perspective.
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World Oceans Day at the United Nations was another huge success, thanks to inspired curation by Oceanic Global
and the UN team.
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Seaweed, as the expression goes, is having a moment. While it’s been a long-time dietary and cultural staple in many parts of the world, there’s been an explosion of interest and activity over the past several years in its myriad potential uses – from food to carbon capture to methane reduction to coastal resilience. Europe has been leading the charge in many ways, but the US and others are jumping in with enthusiasm.
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This year’s Earth Day theme provides the opportunity to think about what investing in our planet means to different people and organizations, and how to drive action across those diverse perspectives and disciplines.
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Recent COPs and conferences have generated a steady stream of ocean commitments, agreements and action. While there’s inevitably commentary that we’re not moving fast enough, the string of accomplishments is impressive and hard-won, and taken together feel like a foundation that will facilitate and accelerate further gains.
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We hope everyone’s year is off to a great start. We’re excited about what’s coming for Investable Oceans and for the Blue Economy and, as always, are thrilled to have you here with us.
Like COP 27 (Climate) and COP 15 (Biodiversity), the World Economic Forum’s recent Davos 2023 conference sought to expand and strengthen its ocean focus.
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We hope everyone has had a safe and enjoyable holiday season. As we head into 2023, we wanted to share a few last items:
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(7 minute read)
Blue thread is the metaphor The High Level Panel for a Sustainable Ocean Economy (Ocean Panel) used to connect 10 ocean activities at the COP.
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Climate Week was hectic as usual and packed with gatherings. We participated in as many as we could, including World Economic Forum’s Sustainable Development Impact Meetings (SDIM) , Nasdaq & WSJ Custom Events’ second annual ESG Leadership Forum, and the UNGC Ocean Stewardship Coalition’s Ocean at UNGA 2022.
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With 6,000 people participating in hundreds of meetings and events addressing a kaleidoscopic range of issues, the UN Ocean conference last month is difficult to shrink-wrap into a few sentences.
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