Pristine Seas team member, Alan Friedlander, sampling in the remote reefs in the northernmost region of the Seaflower Biosphere Reserve

After a number of years writing about ocean conservation as an academic, Enric Sala decided he wanted to take a more active role in protecting our seas. Here he tells Trudy Ross about his Pristine Seas project, which combines exploration and research to conserve the world’s oceans

LUX: What inspired you to dedicate your career to researching and protecting marine ecosystems?
Enric Sala: As a little boy, I grew up dreaming to be an ocean explorer and swimming in the Mediterranean, which was pretty much devoid of life. But one day I dived in a marine reserve where fishing was banned, and there I saw all the abundance of life that was missing from the sea of my childhood. That day I understood that if we give nature space, it can heal itself – and decided to work on protecting the ocean.

LUX: You made the jump from working in academia to being a full-time conservationist 15 years ago, because you wanted to stop ‘writing the obituary of the ocean’ and instead start looking at solutions. What were the biggest challenges you faced when making this career change?
ES: The biggest challenges are several. First, there is a large lack of awareness that we are overexploiting the ocean to a dangerous point beyond which it may never recover. Second, entrenched interests with strong political connections, like oil companies and the industrial fishing lobby, oppose more ocean protection. But despite these challenges we’ve been able to show that marine protection benefits not only marine life, but also people and the economy.

Pristine Seas team assembling deep sea camera onboard the ROU 23 Maldonado, South Atlantic Ocean Uruguay

LUX: Can you tell us more about your Pristine seas project and share some of its primary goals?
ES: Pristine Seas works with local communities, Indigenous Peoples and governments to protect vital places in the ocean, for the benefit of humanity. To date we have helped to protect 26 areas across the ocean, from the poles to the tropics, covering a total area over twice the size of India. Our goal is to contribute to the global target of protecting 30% of the ocean by 2030.

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LUX: What criteria do you use to identify and select areas for the Pristine Seas project, and how do you assess their ecological importance and conservation potential?
ES: We always support local conservation efforts, which can be divided in two categories: areas that are still near pristine and need to be protected before it’s too late, and areas that are somehow degraded but, if highly protected, they would deliver big gains for marine life, food and climate. Our approach is science-based, using global databases on marine life, fishing and carbon, and our own data collected during our expeditions to these vital ocean places.

The Pristine Seas team was invited by the government of Niue and Tofia Niue to help the island community survey its underwater environment in an effort to ensure the long-term sustainable use of resources

LUX: Can you discuss any recent discoveries or achievements from your expeditions that have improved our understanding of the marine ecosystem?
ES: Coral reefs suffer from ocean heat waves, which kill enormous amounts of corals. But we found that coral reefs can bounce back from these warming events if they are fully protected and harbor large abundances of fishes. It is the fishes that keep the reefs clean and allow the corals to return. Without the big and abundant fishes, dead corals are smothered by seaweed forever.

LUX: How do you engage with local communities and stakeholders when establishing marine protected areas through the Pristine Seas project?
ES: We always support local efforts to create marine protected areas through our research, storytelling and economic analysis. We work with local scientists to assess the health of their marine environment, provide local communities with cost-benefit analysis of protection, and advise them on how to implement their desire to protect more of their waters.

Kiribati’s Southern Line Islands where Pristine Seas launched a three-week expedition in 2020
LUX: What role do you see technology playing in marine conservation, and are there any specific technological advancements that have greatly enhanced your research or conservation efforts?
ES: Technology is key to allow us to explore the deep sea and remote areas, including satellite monitoring of illegal fishing – these have been instrumental developments to enhance our work. But technology and data alone are not sufficient. We actually need people to care. This is why we use our films and storytelling first, to inspire people to fall in love with their ocean – and then we provide the scientific and economic data to support action.

Dr. Enric Sala, photographed at NG Headquarters in Washinton, DC

LUX: How can governments and policymakers be encouraged to prioritise the protection of marine environments, especially in areas beyond national jurisdictions?
ES: For governments and policymakers, the easiest encouragement comes from the fact that ocean protection is good business! If we protect an area from fishing and other damaging activities, marine life comes back spectacularly. Fish abundance increases on average by 500% within a decade. Fish grow larger and produce many more babies, which helps to replenish nearby areas and helps local fishers. And when the fish come back, divers come in, supporting jobs and bringing in more economic benefits. Therefore, highly protected areas are a triple win. That’s what happens in countries’ waters. Beyond national jurisdiction, it is not as easy because many countries have to agree to protect an area.

Read more: An interview with Blue Latitudes: can oil rigs help save the ocean?

LUX: Pristine Seas has helped to create 26 of the largest marine reserves on the planet. Can you tell us about three of these areas which you find most fascinating, and which you would encourage our readers to look into?
ES: This is like asking parents which of their children they love the most! There are many wonderful places we have explored and helped to protect. A few examples are the kelp forests off the southern tip of South America, the pristine coral reefs of the southern Line Islands, and the offshore islands of Cocos (Costa Rica), Malpelo (Colombia) and Darwin and Wolf (Ecuador).

In March 2012, Pristine Seas, in cooperation with the PEW Charitable Trusts, undertook a month-long expedition in the four Pitcairn Islands

LUX: In your opinion, what are the most significant threats facing our oceans today, and how can we effectively address these challenges on a global scale?
ES: Overfishing, global warming and pollution are the major threats to ocean life. Overfishing is the easiest to solve, through responsible management of fisheries and protected areas. Solving pollution will require society to develop a circular economy without waste. And global warming is the most difficult of all, but it all comes down to halving our carbon emissions every decade to 2050, and to protect and restore more of nature so it can absorb much of our excess carbon pollution in the atmosphere.

LUX: Looking ahead, what are your aspirations for the future of marine conservation, and what would you like to see accomplished in terms of global efforts in the next decade?
ES: All the nations in the world agreed in December 2022 to protect 30% of the global ocean by 2030. We have a target. Let’s make it happen.

All images by Manu San Félix, courtesy of National Geographic Pristine Seas

Find out more: www.nationalgeographic.org/pristine-seas

From David Eustace’s series ‘Mar a Bha’, which translates from Gaelic to ‘As It Was’

The investment community is waking up to the opportunities in our oceans. Impactful ethical investments in the blue economy can involve plastic waste prevention, sustainable seafood, maritime transport, eco-tourism and more

Photography by David Eustace

DEUTSCHE BANK WEALTH MANAGEMENT x LUX 

Robert Goodwin was on a mission to solve Haiti’s cholera problem. For nine years after the island nation’s devastating 2010 earthquake, periodic cholera outbreaks started hurting communities, doing the most damage to people with limited access to clean water and sanitation. The country’s clogged water canals were to blame for spreading the disease. Goodwin, the former CEO of Executives Without Borders, started looking at why the canals were so clogged. “I’m a root-cause guy,” says Goodwin. “I knew that cholera was a water-borne disease and saw that flooding was causing all the transmission. When I looked at the canals and what was causing the flooding, I saw that it was a lot of plastic trash that could have been recycled.”

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Haitian communities could recycle materials such as metal and aluminium, but there was little in the way of plastic recycling infrastructure. So, Goodwin started a business, paying local people to pick up plastic trash and then sort it by colour, weight and type. They were paid cash on the spot. Goodwin’s efforts eventually grew into a new company, OceanCycle, a New York-based social enterprise aiming to help businesses integrate ocean-bound plastics into their products and improve traceability across the supply chain. (Ocean-bound plastic is the waste from areas in close proximity to the coast, where cutting off streams of plastic before they reach the ocean is most critical.) Companies such as OceanCycle are part of the growing blue economy, which the World Bank defines as the “sustainable use of ocean resources for economic growth, improved livelihoods and jobs, while preserving the health of the ocean ecosystem”.

“We want to turn off the tap,” says Goodwin. “Once the plastic has been in the water for too long it breaks down and it’s harder to recycle. If we want to stop the flow of any new plastic into the ocean by 2030 we have to put a value on recycling ocean-bound plastic.” Consumers around the world are more interested in ridding the ocean of plastic than they have ever been. More than 90 countries have placed some kind of ban on plastic bags, straws or other single-use plastics. The Ellen MacArthur Foundation predicted in 2017 that unless things changed the ocean could contain more plastics than fish by 2050. Consumers wanting to protect the ocean are becoming an incentive to create a now fast-growing market for cleaning up ocean trash. Sportswear company Adidas has teamed up with non-profit Parley for the Oceans to sell trail-running shoes made with ocean plastic, Method makes dish-soap containers from plastic picked up on the beaches of Hawaii, and Patagonia is making jackets from yarn derived in part from fishing nets. But plastic is only part of the new blue economy.

Approximately 70 per cent of our planet is covered by water and the ocean is a critical resource providing food for three billion people around the world. Seaweeds and miniscule ocean plants known as phytoplankton provide more than half of the oxygen we breathe, according to the US National Oceanic and Atmospheric Administration. There are approximately 680 million people around the world living in low-lying ocean areas, and the blue economy, which includes tourism, fishing and shipping, generates $3 trillion of economic output each year, according to the United Nations. All told, the services provided to humanity by the oceans are valued at $24 trillion and create a value of more than $2.5 trillion each year.

Read more: Deutsche Bank’s Claudio de Sanctis on investing in the ocean

But we don’t own the oceans or pay them for their services. “The ocean is not just a provider of value. It also helps us to digest the negative results of industrialisation,” says Markus Mueller, Global Head of the Chief Investment Office at Deutsche Bank Wealth Management. “There’s also a deep human attachment to our coastal regions. The ocean gives an emotional connection,” Mueller says. “People are divers and go on vacation at the beach. They’ve seen all this plastic in the sea.”

Beyond ocean plastic, the oceans have seen fish stocks depleted, coral reefs die and beaches recede as a consequence of human activity. It’s not a case of the tragedy of the commons, in which people who act in their self-interest spoil a shared resource. But, Mueller explains, the oceans “are more or less a tragedy of laissez-faire because they’re not governed. We need some governance around this to prevent tragedy and right now there is no incentive system that gives us the direction on what to do.” Some countries, including small island nations such as Seychelles, are issuing blue bonds that prioritise ocean health, and the Maldives is working to vastly reduce plastic waste. But governance is much needed.

A report published in September 2019 by the UN’s Intergovernmental Panel on Climate Change (IPCC) stated the world’s oceans are experiencing drastic changes. And these changes are not only impacting people and the planet but also placing the global economy at risk. The report highlighted the troubling changes occurring across oceans as a result of increased emissions from greenhouse gases. Oceans are absorbing 30 per cent of carbon emissions, making them a crucial resource in the fight against climate change. The report predicted that sea levels will rise by up to a metre by 2100, there will be markedly fewer fish in the oceans and stronger, more intense hurricanes will cause billions of dollars’ worth of damage.

From David Eustace’s ‘Highland Heart’ series

Investing in the blue economy is just beginning, but it’s expected to grow at a faster rate than traditional investments. In 2018, the World Bank announced PROBLUE, an umbrella multi-donor trust fund (MDTF), with the goal of supporting healthy and productive oceans. PROBLUE is part of the World Bank’s overall blue economy programme, which takes a co-ordinated approach to ensure sustainable oceans and coastal resources. Focused on four key themes, the fund was created out of client demand, and to aid the bank towards a better understanding of the current and emerging threats facing the world’s oceans.

Most investments in ocean-related assets at this stage are privately held venture-capital or private-equity firms, and opportunities reach far beyond plastic-waste prevention, to sustainable seafood, maritime transport, eco-tourism and coastal adaptation.

“Oceans have played a critical role in mitigating climate change – they have stored 93 per cent of the planet’s carbon, and produce over 50 per cent of the oxygen,” says impact investor Shally Shanker of AiiM Partners Fund, based in Palo Alto, California. “Every second breath we take comes from the oceans. Ocean ecosystems are deeply interconnected with land and air. Yet, oceans remain a very underinvested sector.”

Read more: Kering’s Marie-Claire Daveu on benefits of the blue economy

Some of the blue economy-based investments Shanker is focusing on include sustainable replacements for plastic and Styrofoam, reducing antibiotics in farmed seafood and cost-effective data collection. Since three billion people depend upon the oceans for their primary source of protein, food security and growing protein demand are other areas of her work’s focus. Sixty per cent of new seafood demand is coming from India and China – two emerging economies each with populations of more than one billion. To identify viable replacements, Shanker says she is investing in plant-based and cell-based seafood alternatives. “Most of the problems in the ocean start on land,” she says.

Redesigning humanity’s relationship with the ocean is no easy task. There’s no choice but to start taking better care of the seas, because our economy has changed them. Coral reefs worldwide, for example, continue to be ravaged by bleaching. According to the International Union for Conservation of Nature (IUCN), the Great Barrier Reef in Australia and the Northwestern Hawaiian Islands saw the worst bleaching on record for three years in a row. “The Red Sea, where I grew up, is the most luscious sea on Earth because it is the newest sea,” says Ibrahim AlHusseini, an entrepreneur and environmentalist who has founded impact investing firm FullCycle. AlHusseini, a lifelong scuba diver, became an environmental investor 15 years ago when he noticed the sea was changing. “I would go back and go scuba diving and year after year there were fewer fish, less coral, less vibrancy and more plastic,” he says. “I just remember thinking, what is the point of accumulating all of this financial success if the things that I enjoy are fading away?” He spent a year studying ‘carbon math’, ocean toxicity and climate change, before deciding to invest in companies such as Synova Power, a waste-to-energy business that can create synthetic gas from plastic waste heated to high temperatures, and then harness it for power.

The ocean’s great resources could also hold a key to the best materials of the future. Seaweed, kelp and algae production was valued as a $55 billion market in 2018, but the market could expand to $95 billion by 2025. In Amsterdam, a start-up called Seamore is turning seaweed into bacon and pasta equivalents, while biofuel producers also use it. US-based start-up Loliware is creating compostable alternatives to plastic out of seaweed. “It’s plentiful and highly regenerative and sequesters carbon 20 times faster than trees,” says Chelsea ‘Sea’ Briganti, the founder of Loliware, which is developing nine products that use seaweed instead of plastic packaging material.

Investors who want to put money to work in service of the oceans should push companies to provide better data about their impacts, and also think creatively about what they do and don’t want in their portfolios, says Mueller. “All companies thinking about using natural resources are the profiteers from it. So, transparency is a key factor – if the impact of cruise liners and shipping companies becomes more transparent, investors can adjust.” There are new rules in effect in 2020, for example, from the International Maritime Organization to prevent atmospheric pollution from ships. Shippers are investing in scrubber technology and cleaner fuel, but data for investors about the impact of the changes is lacking.

The key to sustaining the oceans in the future is to rethink how humanity extracts resources from it. “We have to protect the value the ocean is providing rather than overusing it”, Mueller says. To make the blue economy work we have to replace old business models with more sustainable ones, then we have to put a lid on it.”

Ocean Learning

As sustainable development in a blue economy develops, the first step is awareness: to think beyond the traditional extractive economy to a regenerative one. A blue economy improves biodiversity as well as food and job security for local communities, while limiting pollution and preserving the ocean’s role as a carbon sink. Here are some private organisations focused on blue economy education.

Lisbon Oceanarium

With its almost 1,800km of coastline, Portugal is using its historic relationship with the sea to show how the blue economy can aid economic growth. The Oceano Azul Foundation, led by José Soares dos Santos, is working with the Lisbon Oceanarium to teach future generations about ocean conservation and promoting the ethical values of using marine resources sustainably.

oceanario.pt

Monterey Bay Aquarium

The Monterey Bay Aquarium runs programmes on topics from cleaning up ocean plastic to how to restore the Pacific blue-fin tuna population. The aquarium, founded in the 1970s and supported by The David and Lucile Packard Foundation, has become a centre of various blue economy initiatives. Its Center for Ocean Solutions is searching for ways, such as protecting kelp forests, to fight climate change.

montereybayaquarium.org

Musée Océanographique de Monaco

The museum, located on the Rock of Monaco, highlights hundreds of species that live in the Mediterranean. The Monaco Blue Initiative, launched by H.S.H. Prince Albert II of Monaco in 2010, is focused on marine protected areas that can help conserve unique ocean species and habitats.

musee.oceano.org

Find out more: deutschewealth.com

This article originally appeared in the LUX x Deutsche Bank Wealth Management Blue Economy Special in the Summer 2020 Issue.

Baby pillar coral, being bred in quarantine, at six months. Image by Kristen Marhaver

She is one of the most compelling figures in ocean conservation. Kristen Marhaver, a marine biologist and TED and WEF star, has made coral regeneration sexy. She tells Darius Sanai that rapid scientific advance and philanthropic support are combining to make the idea of regrowing the world’s coral a real prospect

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Kristen Marhaver. Image by Bret Hartman.

LUX: Why has there been so much positive progress in coral science recently?
Kristen Marhaver: For a long time, nobody knew how corals reproduced. We assumed most corals spat out little swimming baby corals. It was only around 30 or 40 years ago that mass spawning of corals was discovered and that’s because it only happened a few nights a year. If you’re in the water one hour too late or two days too early, you won’t ever see it. We always had in the back of our minds that the more we understood about reproduction, the more we could help promote coral reproduction in the wild.

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When I started my research career, we would watch corals reproduce and collect their eggs and raise them through the first couple of days or weeks of life and that was it. It was extraordinarily difficult to make progress and most of the coral community thought that there was no way that this would ever lead to something you could apply in conservation. All of a sudden, things just started to click and every year we made a little bit more progress – by “we” I mean the hundreds of people around the world working on a thousand coral projects every year – and decoding one more puzzle at a time and getting a little bit further along the path.

Then we realised all of a sudden something that had seemed impossible became fairly possible. Now everything is aligned just right, and there is this gold rush in coral reproduction science to increase the efficiency of their breeding. We know that every year we’re only going to make a couple of steps more before we have to wait 11 months to try again.

It has been exciting to see the field’s potential grow in the past few years, and it makes it even more exciting to dig into the ever more difficult puzzles because we know that the more we solve, the more we can hand over the answers to other groups that can scale it up from there.

LUX: Is it correct to say there is hope that coral reefs can be rebuilt?
Kristen Marhaver: We are slowly accepting that it’s an option, but we are always really careful about the scale and the timeline when we talk about it. Sometimes I think that we are in year 40 of a 200 year project. So, we can’t go and give an island nation an entire new coral reef, but we can grow a handful of species, get them out in the water, give them 10 years, and they will be the size of basketballs. We can do that on a metres to tens of metres to hundreds of metres scale, but it is also true that the more that people get good at this, and the more innovation is applied, the more it will scale up. In the next five to ten years, we will have changed from saying, “this is something we can do” to “this is something that we can scale up confidently”. There is an analogy with orchids. These used to be extraordinarily expensive, but if you go to a supermarket or a florist, you will see an orchid for $10. The reason they are so abundant and cheap is because scientists figured out meristem culture, so instead of waiting for orchids to grow big and then dividing, they just take a tiny sliver of tissue and grow a whole new orchid. That completely changed the availability and propagation of those plants. We are about to see the same kind of thing in coral propagation.”

Juvenile corals, aged 18 months in the aquarium system at CARMABI. Image by Kristen Marahver

LUX: You can recreate coral killed by human activity, but how do you ensure the new coral won’t be killed again?
Kristen Marhaver: That’s a great question. And it’s a huge concern. We have a couple of reasons to be optimistic, one of which is that there’s now a really powerful race amongst the countries to enact not only climate plans, but also marine protected areas and fisheries regulations and sewage system modernisation. There are also some pretty nice examples of places where juvenile corals can do better than the adults could. That’s partly because when we are growing juveniles, there is a tremendous amount of genetic diversity. You have more chances of getting a good hand by putting 20,000 juveniles of all different genetic combinations into a place, as opposed to fragmenting 10 or 20 adults and gluing those pieces back onto a reef.

Read more: How Chelsea Barracks is celebrating contemporary British craft

LUX: You are passionate about making sure philanthropists support the right groups in coral restoration.
Kristen Marhaver: The most powerful groups in coral restoration are in places like Belize and the Dominican Republic and the Philippines. You don’t necessarily hear about them because they don’t have the glossy brochure and the advertising budget and the social media person; they’re just all underwater busting their butts. It is really important to find a group that’s not just flashy and well branded, but one that is honest about what they can do. It’s important for donors and philanthropists to do their homework and find out what’s going on behind the scenes.

LUX: And why is coral important?
Kristen Marhaver: I was interviewed once on a television station and the interviewer asked me why we should care about coral reefs. And I said, “Well, they bring in tourism money, and provide food for a billion people around the world, and they grow these beautiful structures that are art.” Then he asked, “Why should we care?” I said, “If you don’t like money or tourism or art, then I really don’t know what I’m going tell you.” But if you have ever been to a beach in the tropics, or been in a building in the tropics, you may have corals to thank for keeping that beach there, keeping that building up. It’s also cultural heritage, the same way that we care about losing languages or losing monuments or losing art. It’s because it’s the heritage of our earth and the cultures on earth. We owe it to small communities around the world to help them hold on to that cultural value as well.

Dr Kristen Marhaver is a coral reef biologist at the Research Station Carmabi and the founder of Marharver Lab, both in Curaçao.

Find out more: researchstationcarmabi.org; marhaverlab.com

This article originally appeared in the LUX x Deutsche Bank Wealth Management Blue Economy Special in the Summer 2020 Issue.