ESG and sustainable investing have taken center stage in asset management. Climate and now Oceans are leaders in this elevation with a proliferation of products, firms, and frameworks increasingly on investors’ radar screens. The oceans are becoming broadly investable, with market-based opportunities across all sectors of the Blue Economy.
When it comes to climate change, oceans are the bellwether. For Maine, with a heritage and economy heavily tied to the sea, this is increasingly apparent in the changing behaviors of marine creatures, which is also affecting people’s lives and livelihoods. For Maine’s iconic fishing industry, known for its sustainable management of marine resources, commercial aquaculture can be a part of the solution.
The Earth is a water world covered by vast oceans and a sheltering atmosphere. All life emanates from and is sustained by this watery cradle. Every breath we take, every drop we drink, every aqueous cell that binds our physical being; reminds us that we are water creatures. The sheer immensity of our oceans has made them appear impervious to man’s presence. But they are not.
Of all the types of institutions playing a role in averting catastrophic climate change, banks are perhaps unlikely protagonists. Yet by the everyday process of allocating capital and issuing loans to clients, lenders can be powerful allies or destructive antagonists in the fight for a climate-safe world. The impact of their lending has significance on the climate, our ecosystems and overall planetary stability.