Page 601 - Economia Azul - versão: inglês

The first possibility of financing is the or no future payments. As a general rule, it already feasible gateways aimed at financ- It is important to emphasize that these
constitution of a fund, or a portfolio of as- seeks to diversify its investments, given that ing ocean projects. modalities often reward their shareholders for
sets, connected to oceanic activities. It can many projects may not be successful, but Sectorial funds aimed at social finance, the environmental and social impacts, incor-
work with 2 approaches: the first, more de- it is not a precondition, depending on the social and sustainable projects, can repre- porated into the social reports of many legal
centralized, the creation of a sectorial index risk appetite of the shareholder investor. sent an encouragement for fishing, tra- entities, going beyond the economic impacts
that references investments in companies or Insisting on exemplification, real estate ditional or not, aiming at the acquisition and more immediate remuneration. This em-
projects in the sector, consequently indicat- funds have the same approach. In this case, and renovation of boats, equipment, and phasis is important in a context of valuing
ing the potential appreciation of the sector however, as it is a concrete asset that starts warehouses, based on the generation of ESG and other associated governance.
and, if favorable, raising more resources to generate income through rent from its employment and income, but above all the In a context of sustainability, two initia-
for the sector. This approach allows for the availability, the shareholder receives divi- use of the knowledge of fishermen and tives would allow the ocean potential, re-
possibility of creating numerous financial dends more frequently. It allows large real researchers in the maintenance of coastal lated to carbon capture and other dimen-
products by investment houses, as long as estate developments, such as shopping and oceanic ecosystems. It is a fund mo- sions, to be financed: 1. The National Green
they are linked to the index. Just as there malls, commercial buildings, logistics ware- dality that would also allow the possibili- Growth Program, from the Ministry of the
are already indexes on the stock exchange houses, etc. be financed by several share- ty of creating and/or increasing tourism in Environment and the Ministry of Economy,
focused on sustainability, corporate gover- holders. As an additional example, in Brazil it potentially profitable areas in the territory. whose central objective is to achieve zero
nance, and specific sectors, one can think has recently been possible to set up agricul- Currently, social funds are structured for carbon emissions by 2050. In this context,
about creating an index for the ocean sector. tural land funds, extracting them as income family farming and small businesses. funding for oceanic activities is crucial, with
However, a supposed disadvantage is that and dividends from leasing: the agricultural It is also useful to note that within the emphasis on conservation and ecotourism
such an approach limits financing to publicly producer capitalizes himself through a mort- sustainability agenda, the Brazilian ocean areas, to this extent. It is worth emphasiz-
traded companies, or companies that follow gage and the quota holders have a return energy sector can benefit from the geopo- ing that public commercial and investment
the rules of transparency and functioning of on a property with profitable activity. litical challenges of the present: in the short banks already have lines with this approach
the stock market, usually medium or large Another strategy is the creation of fin- and medium term, collaborating to diversify and with competitive interest rates; 2. The
companies that have a compatible legal ad- techs aimed at exploring the ocean. In this the sources of oil supply and contributing, second is the Green Credit Bureau, in which
vice structure, hampering the prosperity of regard, a fintech with a specific purpose as a result, to the stability of energy prices rural producers join an open finance plat-
small businesses or projects. captures resources from clients by promis- around the world. But, in the long term, it form, in which social and environmental
The second approach is the creation of ing engagement in ocean activity, in turn can also provide a safe and sustainable en- sustainability criteria are defined, providing
sectoral funds aimed at acquiring equity in selecting the most attractive projects and ergy transition, both environmentally and in better rates to producers engaged in the de-
companies and projects aimed at the ocean companies. Some fintechs, for example, are terms of perpetuity, exploiting wave energy, fined criteria. The extension of these modal-
economy. As the projects earn a return, the dedicated to financing small businesses and but also the already feasible wind energy. ities from rural to oceanic or environmental
investor is rewarded with periodic or con- micro-enterprises or even social projects, al- The urgency of the energy dimension at in a wider range of competition for resourc-
tractual payments. This modality can even ways in compromise with their depositors. the beginning of the 21st century is that it es is justifiable in light of the sustainability
be framed, to some degree, as a venture In this way, the investor has the guarantee can guarantee the priority of directing re- objectives provided by the tool.
capital, with the fund’s shareholders exer- that the funds are transferred to companies sources to oceanic energy projects, especially
cising a risk or variable income investment. committed to pre-established values, in- in the Blue Economy. As a complement, we 4.2 Selected internacional
Some venture capital funds, for exam- stead of a traditional bank where any enter- emphasize that the technology developed experience
ple, invest in football players, others in prise can be selected for loans. The segment in the energy exploration of the oceans has Although they have a diversity of exist-
startups, still others in emerging sectors, has been a source of exponential growth in a strong research and development content ing national instruments, it is still necessary
but in common they all capture a value, Brazil and worldwide, threatening the tradi- that can benefit its investors in other applica- to identify successful international initia-
captured from shareholders, to constitute tional business model of established banks. tions or in the scaling up of the use of tech- tives that can be replicated in the national
the initial capital that will allow the success Fintechs focused on sustainable projects are nologies in other areas or ventures. context. In particular, we will highlight 4

598 BLUE ECONOMIY Financing Alternative for the Brazilian Blue Economy 599