Francesco Ungaro, Unsplash
Blue Briefs: Blue Economy
Marilu Cristina Flores, Investable Oceans Energy Solutions Fisheries & Aquaculture Plastics & Pollution Tourism
Our ocean anchors a multi-trillion dollar economy that continues to grow — providing us with the air we breathe, the food we eat, and inspiring travel and recreation.
The Investable Oceans team keeps its thumb on the pulse of some of the latest trends, technologies, and innovations in the Blue Economy space and we're thrilled to share our top picks with you!
Aquacultured Snacks and Alternative Meats Products
The alternative meat industry is projected to grow from $5.88 billion in 2022 to $12.30 billion by 20291, and one of the most exciting new sectors is regenerative ocean farming. Two of our top Blue Economy products fall into this category: Akua kelp burgers and 12 Tides Kelp Chips are both kelp-based products committed to making delicious seabased aquaculture products more mainstream and accessible. “Kelp farming feels like the way of the future: it’s good for us, for the ocean, and for the climate. A win-win-win no brainer!” In fact the global kelp market is predicted to increase at an annual growth rate of 10.8 percent, from and reach a market value of USD 37.8 billion by 20292, making this a profitable business sector to invest in and watch closely.
Carbon Offsetting Schemes
Carbon offsets and carbon credits have been major buzzwords in recent years, for good reason. In 2022, this market share doubled in size driving a growing, $700M business3 which is projected to continue to experience significant growth. The voluntary global carbon market is white hot, as consumers directly seek options for reducing their impact when they travel, build or make significant purchases. Our top picks for carbon offsetting are: Running Tide, and Tontoton, a company taking a derivative concept of Carbon Offsetting known as Plastic Neutralization, which enables companies to take responsibility for their plastic footprint.
While carbon offsetting is a way to mitigate CO2 and help our warming climate, ultimately nothing beats clean, renewable energy and resources which should be opted for any chance available.
Electric Boats
Green energy is trending in all types of transport. Auto manufacturers increased hybrid and electric vehicle options to consumers, and electric vehicle sales in the United States reached record highs in 2021. States like California and Washington also made headlines by prohibiting new sales of traditional gas vehicles by 2030; meaning this market is only set to increase.
Furthermore, water technology has improved dramatically in recent years, and the global electric boat market is now projected to reach $16.6 billion by 2031!4
Additional Reading:
Kelp Farmers Guide to Blue Carbon
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