The blue economy and the power of impact investing : a case study of seaweed farming

Abstract

The research focuses on the promotion of sustainable seaweed farming through impact investment. The thesis concludes that sustainable seaweed farming aligns with the blue economy (BE) notion, which seeks to transform economic development into sustainable growth while providing advantages for everyone. The cultivation of seaweed is a sustainable marine industry that adheres to the criteria of a BE. Nevertheless, the existing sector size prevents seaweed farming from compatibility with the BE and necessitates various solutions. This thesis demonstrates that investing in sustainable seaweed farming has positive effects ranging from decarbonization to promoting social equity and community development. However, without funding, the industry will be exposed to a wide range of risk factors ranging from carbon dumping on high seas to the loss of ocean health caused by the introduction of invasive species. Furthermore, the seaweed business has the potential for exploitation and, due to inadequate laws and licencing, poses substantial marine problems for vital organisms. Investments will counteract potential threats to the industry and result in lower production costs and reduced negative externalities. Impact investment contributes to the long-term sustainability of the seaweed farming sector by fostering economies of scale and industry expansion. Moreover, investing in sustainable seaweed production would contribute to the fulfilment of 12 of the 17 United Nations' Sustainable Development Goals (SDGs).