Page 42 - Livre_MOW2024_EN

40 | ACCELERATING BLUE FINANCE AND ECONOMYACCELERATING BLUE FINANCE AND ECONOMY

INNOVATION AND FINANCE
A decarbonised

maritime industry –

tomorrow’s reality?

130 experts from the maritime industry were brought together by Blumorpho,
a company delivering innovations for a sustainable economy, to tackle the

major challenge of decarbonising the sector.

How can attractive opportunities for collaboration INNOVATION AND FINANCING:
and investment be created to build a greener, more THE NEXT STAGE?
resilient maritime industry? How can positive change
be catalysed and carbon emissions reduced across In the maritime industry, “innovation is driven almost
an entire industry? These were the questions explored exclusively by the necessity to reduce carbon
at the insightful event focusing on innovation, footprint”, noted François Tison of 360 Capital
financing and sustainable solutions, held at Monaco Partners, listing the targets in the transition to net
Yacht Club on 21 March 2024 during Monaco Ocean zero by 2050 – a topic also discussed in relation to
Week. Blumorpho’s Financing Maritime Innovation the global merchant fleet by Émilie Espanet of the
and Infrastructure for Climate and Ocean initiative New Energies Coalition. “Shipping as an investment
brought together leading stakeholders in the maritime asset class is developing quickly”, explained Sylvain
industry, including shipowners, innovative companies, Pagès of AltfinPartners. However, capital needs are
institutions, investment funds and shipyards. “The increasing to meet the ever stricter targets of the
need for alternative fuels, optimised practices and International Maritime Organization (IMO) and banks
efficient innovations in carbon sequestration, storage are limited in their lending capacities. For that reason,
and use is a complex equation to solve”, said alternative financing is needed, which is leading to
Géraldine Andrieux, President of Blumorpho and MD more and more shipping investment funds being set
of The Hive Climate AI, in her opening address. up. Leading funds are already showing the way, such
as Eurazeo, a dedicated 200 million euro platform,
and financial players like Julius Baer.
Many solutions are emerging, in addition to clean
propulsion, creating investment opportunities in
INSIGHT the innovative companies supporting the maritime
transition. Twenty start-ups and scale-ups in the
“We are convinced that attractive collaboration maritime and decarbonisation field were selected
and investment opportunities will emerge to by Blumorpho to present their solutions and discuss
achieve net zero by 2050.” them with experts.
Géraldine Andrieux, President of Blumorpho
and MD of The Hive Climate AI