By David Callaway, Callaway Climate Insights In the frothy world of ESG stocks, ocean investing is still just a proverbial drop in the $2 trillion bucket. The same confusing metrics and lack of definition that plagues the environmental, social and governance sector is even murkier in the so-called Blue Economy, where ocean investments can range […]
These 4 start-ups are using seaweed to help save the planet europeansting.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from europeansting.com Daily Mail and Mail on Sunday newspapers.
Big guns pile into seaweed for green cattle
Save
Share
Tasmanian seaweed farmer Sea Forest has raised $34 million and attracted support from heavyweight investors as it looks to expand operations touted as playing a big part in Australia slashing its greenhouse gas emissions in agriculture.
Macquarie Infrastructure and Real Assets (MIRA), Rich Lister Peter Gunnâs PGA Investments, and businessman and green philanthropist Rob Purves were among those who piled into the oversubscribed raising to expand the growing of asparagopsis seaweed across a 1800-hectare marine lease at Triabunna, north of Hobart.
The successful raising was revealed as US President Joe Biden endorsed Australiaâs technology-based approach to cutting farming emissions.
Premium Content
Innovative seaweed research and farming being undertaken at Gladstone has drawn international attention this week.
At the world economic forum Davos 2021, seaweed biofilters have been recognised as one of the top global innovations for protecting oceans.
Gladstone-based researchers believe a network of seaweed biofilters in targeted locations across the Great Barrier Reef could be part of the solution to safely soaking up excessive nitrogen and carbon dioxide that is damaging coastal ecosystems and the reef.
Every year thousands of tonnes of excess nutrients run off the land and out to the reef, reducing its resilience to recover from stress events like rising sea temperatures, ocean acidification and coral bleaching.