Updated: Mar 25, 2021
An $850 000 investment in Ocean Rainforest, a sustainable Nordic seaweed producer, to accelerate growth of offshore seaweed production to benefit people, communities and climate gains was announced by the World Wildlife Fund (WWF) on 6 August. This is a first for the conservation organization made possible with support of the Jeremy and Hannelore Grantham Environmental Trust to enable scaling of seaweed farming operations in the North Atlantic.
Carter Roberts, president of WWF, says seaweed is fast-growing and highly efficient at absorbing carbon dioxide and with minimal impacts on freshwater or land, its low carbon footprint can help mitigate the worst impacts of climate change while providing a nutritious source of food for our growing population. He says through impact investments like this, WWF aims to advance technologies and processes needed to meet the conservation and societal challenges facing our planet.