Protecting the Ocean at the 5th World Ocean Summit
According to UN Environment, by 2050, there could be more plastic than fish in our oceans. That's why the Economist is hosting its 5th World Ocean Summit right now.
Lisa Emelia Svensson is the Global Director for Ocean at UN Environment and she joined Cheddar from the Summit. Svensson explains that the focus of this year's summit is to grow awareness around issues facing the ocean and to partner with private sector businesses that can bring financing and innovation to the space.
Svensson stresses the importance of protecting the coral reef as well. Coral reefs not only protect coastlines, but the beautiful organisms serve as major tourist attractions across the world. The dual financial impact makes protecting reefs essential for conservationists and governments alike.
Ken Shepard, Head of Specialty Asset Management at Bank of America, discusses the importance of real assets and unpacks the bank's specialty asset outlook.
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