Environment

The Sustainable Blue Economy Finance Initiative: How to destroy the oceans responsibly

The Sustainable Blue Economy Finance Initiative: How to destroy the oceans responsibly

Efforts to make blue economy sustainable have led to increasing calls for better regulations on investments. The European Commission has provided funding for the United Nations Environment Programme (UNEP) to launch the Blue Economy Finance Initiative (BEFI). The BEFI has been celebrated in international conferences about blue economy, however, this article highlights the inherent weaknesses of voluntary guidelines in mitigating the threats financial investors pose to the destruction of the planet.

Understanding the conservation finance industry

Understanding the conservation finance industry

Financialisation is considered to be the fundamental dynamic that contributes to inequalities in the world, while also a threat to democracy because it transfers the ownership and control of so much to a small group of financial investors and institutions, with the only goal of maximising profits.