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8 November 2021Insurance

Catlin’s Convex partners with BLUE to research ocean-climate links

Convex Group has unveiled a multi-million-dollar partnership with the Blue Marine Foundation (BLUE), a charity dedicated to restoring the ocean to health, and the University of Exeter with the launch of the  Convex Blue Carbon Seascape Survey.

The five-year global research programme is the largest attempt yet to build a greater understanding of the properties and capabilities of the ocean and its continental shelves in the earth’s carbon cycle, in the urgent effort to slow climate change.

Spearheaded by BLUE and the University of Exeter, and in collaboration with leading scientific institutions worldwide, the survey will provide timely, accurate, and open access data on the world’s seabed carbon stores.

This research is essential; studies have shown that ocean-based mitigation could provide up to a fifth of the solution needed to limit global warming to 1.5 degrees Celsius and narrow the emissions gap. Yet the ocean seabed remains largely unprotected and seascape carbon is presently not accounted for in the inventories of carbon emissions compiled by the Intergovernmental Panel for Climate Change.

Stephen Catlin (pictured), chairman and CEO of Convex, said: “Anticipating and mitigating future risks is at the heart of what we do at Convex. Our ability to make informed decisions rests upon our access to and analysis of robust data – the same is true when combatting climate change.

“Significant results will take global effort. This survey will encompass the expertise of scientists spanning continents and will build upon the research gathered from the Catlin Arctic Survey and the Catlin Seaview Survey. This is a huge opportunity to support cutting-edge and impactful research.”

Professor Callum Roberts, professor at the University of Exeter as well as BLUE’s chief scientific adviser and trustee, said: “The ocean and its resources, while vital to all life on earth, are currently misunderstood and neglected. The survey endeavours to bring much needed clarity to our understanding of the ocean, including the amount of carbon stored in coastal seascapes and on the continental shelves, as well as how vulnerable these stores are to man-made damage.

“The survey should clearly demonstrate the immense value to be found in our oceans and the global impetus to protect it. It is through meaningful support from visionary businesses like Convex that such crucial research is made possible.”

Professor Lisa Roberts, vice-chancellor of the University of Exeter, added: "This exciting partnership is a wonderful example of Exeter's research leadership and through Convex’s philanthropy, we will be better equipped to train the next generation of global marine scientists as well as help inform future policy and management practices.”

George Duffield, co-founder of BLUE, said: “What distinguishes our project from others is that we will not stop having identified the problems - we plan to field test the solutions as well.”

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