• Thu. Sep 22nd, 2022

Why the aquaculture industry is so heavily funded

ByStephanie M. Akbar

Jul 20, 2022

CREO is working towards its primary goal of decarbonization — an effort into which it is actively channeling $1 trillion, according to SeafoodSource. The Oceans, Seafood, and Aquaculture Investor Consortium (OSAIC), a similar coalition of independent sustainability-focused investors within CREO, is contributing $250 million.

At the Blue Food Innovation Summit in April 2022, Maggie Fried (Head of CREO’s Ocean and Aquaculture Investor Consortium) quoted Nature conservationof the 2019 “Towards a Blue Revolution” report as a source of inspiration for the organization. The report cites aquaculture as the world’s fastest growing source of food production: a $243 billion industry that employs 20 million people worldwide, many of whom are believed to live in emerging economies.

With the scale of aquaculture’s reach being so vast, preserving the industry’s longevity is critical to averting a global food crisis. The Nature Conservancy warns that “the global reliance on seafood could jeopardize marine ecosystems and the livelihoods they support in multiple ways, especially in coastal communities and developing countries,” according to the report. This is a problem not only of sustainability and funding, but also of human survival. Fortunately, The Nature Conservancy has partnered with Encourage Capital to create a 163-page guide to implementing sustainable practices in the global aquaculture industry by 2025 (via Nature.org), as well as what those specific practices might look like.

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