2 October 2024 - 4 October 2024
Mombasa, Kenya
Sarova Whitesands Beach Resort & Spa
Blue Economy Innovation and Investment Summit
Blue Investment
The blue economy has a value of over $2.4 trillion annually, encompassing diverse sectors like fisheries, coastal tourism, maritime transport, and renewable energy. Despite its potential, sustainable blue businesses often struggle to attract conventional financing due to perceived risks and lack of awareness. Innovative tools like blue bonds and impact investing are emerging to bridge the funding gap, but face scaling challenges and require wider adoption.
Blue Tech
The global ocean tech market is experiencing rapid growth, projected to reach $58.6 billion by 2025, with innovations like AI-powered fishing and underwater drones. Blue tech holds immense potential for sustainable resource management, pollution monitoring, and conservation efforts.
Challenges remain in bridging the "innovation gap" between promising prototypes and commercially viable solutions.
Climate Change
Oceans silently absorb over 25% of anthropogenic (environmental change caused or influenced by people, either directly or indirectly) 50% of CO2 emissions, acting as a buffer but experiencing acidification and warming. Rising sea levels and changing weather patterns threaten coastal communities, with millions facing displacement by 2100. Blue solutions like mangrove restoration and kelp farming offer promising avenues for carbon sequestration and coastal protection.