ACTUAL, OceanPixel, and CCEX Launch The Blue Economy Platform to Drive Regenerative Economies in Asia-Pacific
ACTUAL, in partnership with OceanPixel and CCEX, is proud to announce the launch of The Blue Economy Platform, a cutting-edge initiative designed to address critical environmental challenges and foster sustainable development across the Asia-Pacific region. By leveraging advanced AI technology and geospatial data, the platform transforms sustainability into a compelling investment opportunity, paving the way for regenerative economies.
The Asia-Pacific region is at a crossroads, facing severe threats to its marine ecosystems, biodiversity, and economic stability due to environmental degradation and inadequate waste management systems. These challenges have made it difficult for investors to deploy capital in blue carbon and other blue projects, hindered by the complexities of valuing environmental benefits and achieving satisfactory returns.
“The Blue Economy Platform bridges the gap between sustainability goals and financial viability,” said Karthik Balakrishnan, President and Co-founder of ACTUAL. “By leveraging emerging funding models and investing in projects like this, we’re transforming sustainability into a compelling investment opportunity with measurable market returns. This approach empowers investors to drive both financial gains and significant positive impacts on ecosystems, accelerating the path to net zero.”
The Blue Economy Platform aims to overcome these barriers by creating sustainable, economically viable projects within the blue economy, encompassing marine and coastal ecosystems. Blue projects co-developed by consortium partners build blue economy clusters to catalyze sustainable development. Key focus areas in these blue projects include nature-based solutions, ecotourism, sustainable aquaculture, green transport, marine renewable energy, biodiversity, and blue carbon. One such project partner is rrreefs, which is actively involved in ecosystem rehabilitation and conservation in Southeast Asia.
“Supporting sustainable transformations through integrated solutions that address economic, environmental, and structural development vulnerabilities leads to increased impact in people’s lives,” said Dr. Michael L. S. Abundo, CEO of OceanPixel. “We have been enabling and piloting blue projects in Southeast Asia and beyond for over a decade, but significant challenges remain. Through this partnership, we are leveraging technologies like data intelligence and digital tools to accelerate the development of Blue Economy clusters in the Asia-Pacific region, beginning with the Philippines.”
ACTUAL’s AI-powered technology will enable the development of investment-grade portfolios focused on restoring ocean and water ecosystems, addressing the most pressing sustainability challenges in the region. By providing an accurate valuation of environmental benefits such as carbon sequestration, biodiversity preservation, and ecosystem rehabilitation, the platform makes sustainability an attractive option for institutional investors, unlocking new financial resources for these critical projects.
“We are excited to bring this leading-edge international collaboration into the coastal communities in the Philippines,” said William I.Y. Byun, CEO of CCEX. “This multi-sector approach integrates different tech silos such as mangrove and reef restoration, sustainable fisheries, and community-based tourism to create a stronger, more resilient coastal and marine ecosystem. Our joint partnership will help bring credibility back to carbon credit markets by providing science-verified, impact-proven, high-quality blue carbon credits.”
This groundbreaking platform fosters seamless collaboration among stakeholders, ensuring the sustainable management of marine and coastal resources. By aligning objectives and optimizing decision-making, The Blue Economy Platform will enhance the viability of marine industries, support local communities, and promote equitable resource management.
With the launch of The Blue Economy Platform, ACTUAL, OceanPixel, and CCEX are poised to make a lasting impact on the sustainability and resilience of marine and coastal ecosystems, driving both environmental and economic advancements across the region.
About ACTUAL:
Founded in 2018 by a team of software engineers, game designers, and clean transportation and supply chain experts, ACTUAL is a first-of-its-kind AI-driven Capital Planning Platform designed to help organizations build capital plans to meet their sustainability and resilience goals. ACTUAL’s plans are uniquely living, always up-to-date, and available for stakeholder inspection. ACTUAL’s platform has been recognized by Business Intelligence Group as a 2022 Sustainability Product of the Year, a TIME Best Inventions 2022 winner, and an honoree of Fast Company’s 2023 Innovation By Design Award. ACTUAL is backed by Buckley Ventures, Hyper, Social Impact Capital, Wndrco, Sequoia Scout, Signalfire Scout, Craft Scout, and Global Founders Capital. For more information, visit actualhq.com.
About CCEX:
Building on its over 20 years of direct project experience globally, the California Climate Exchange (CCEX) is a vertically integrated specialist enterprise to develop and monetize climate change-related financial instruments such as carbon, biodiversity, and other credits and products for its partners and projects.
About OceanPixel:
OceanPixel is a sustainability specialist with deep expertise in blue economy sectors, energy engineering, marine science, climate change, project and technology development, coupled with multi- and cross-sectoral experience in the Asia-Pacific region. OceanPixel supports project developers, technology/solutions providers, funding organizations, financial institutions, and various stakeholders from industry, government, academe, and communities to enable blue economy clusters and accelerate sustainable transformations.
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