Groundbreaking plan to unlock multi-trillion-dollar blue economy will transform the future of some of the world’s most vulnerable nations
NOAH ReGen: A climate emergency is underway, and societies and economies are suffering, especially in coastal areas. Healthy coastal ecosystems protect against natural hazards, coastal erosion and rising sea levels. Thanks to blue carbon finance and decentralized certification by the World Ocean Council with funds from NOAH ReGen and other partners, projects can be set up to boost ESG investing.
See related article: Fresh Coast Climate Solutions Launches with Bold Actions to Address Climate Change
The Blue Revolution began with projects in Panama, the Dominican Republic, Antigua and Barbuda. “Blue carbon” sinks such as mangrove forests, seagrass beds and subsoils, and other vegetated marine habitats are up to five times more effective than tropical forests at sequestering carbon.
Frédéric Degret is PDF of NOAH ReGen: Coping with climate change through economic growth. He argues that by unlocking and monetizing stored blue carbon, coastal communities could become pioneers of a regenerative blue economy that the OECD predicts will be worth three trillion dollars by 2030.
“Using a blockchain ledger, this mechanism will be able to keep the impact report certified, and the revenues will be reinvested in coastal and island territories to finance their transition to the circular economy,” he said.
Recognized as the most innovative European company for the oceans, NOAH ReGen is also co-founder of the Atlantic Smart Ports Blue Accelearation Network (AspBAN) project, funded by the European Maritime, Fisheries and Aquaculture Fund. NOAH has signed partnerships with the United Nations World Tourism Organization, Panama and its negative carbon footprint as a pilot country for autonomous solutions that generate additional blue carbon and the Federación Latinoamericana de Ciudades, Municipios y Asociaciones de Gobiernos Locales (FLACMA, representing 16,500 municipalities in Latin America).
After initiating the Blue Revolution, NOAH was approached by several island states and coastal countries to guide their transition, through the integrated operations of six interconnected ESG platforms comprising the finance, advisory, certification, digital, acceleration and industry sectors.
The funds raised through the projects will serve as a guarantee to generate a cascade of ESG investments and carbon sequestration operations in developing countries, through the Blue Carbon Bank and the Blue Climate Fund under development, and the ESG Carbon Token, a digital marketplace and an ESG carbon exchange.
Source: NOAH ReGen