Source link : https://earth-news.info/general/insurers-must-promote-the-blue-economy-eco-business/
As the world grapples with escalating environmental challenges, insurers are increasingly recognized as pivotal players in advancing sustainable development. In a recent call to action, industry experts and environmental advocates emphasize that insurers must actively promote the blue economy-a sustainable use of ocean resources-to safeguard marine ecosystems while fostering economic growth. This emerging focus underscores the insurance sector’s unique capacity to underwrite risks, incentivize responsible practices, and mobilize capital toward ocean-friendly ventures. As the blue economy gains momentum globally, the role of insurers is set to become crucial in steering investments that balance profitability with planetary health.
Insurers Play a Crucial Role in Advancing Sustainable Ocean-Based Economies
The insurance industry stands at the forefront of driving a resilient and sustainable blue economy by underwriting risks associated with ocean-based activities while incentivizing environmentally responsible practices. Through innovative products tailored to fisheries, aquaculture, marine transport, and renewable ocean energy, insurers can mitigate financial uncertainties that have historically hindered investments in this sector. By embedding environmental, social, and governance (ESG) criteria into underwriting policies, insurers not only protect their portfolios from long-term ecological risks but actively foster sustainable development.
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Author : earthnews
Publish date : 2025-06-16 13:50:00
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