With the goal of supporting an innovative circular economy solution that transforms a growing climate and environmental threat into a job‑creating industry with high economic and environmental value, the International Finance Corporation (IFC), a member of the World Bank Group, has announced the successful closing of an investment in Carbonwave, the first company to transform sargassum into commercially viable agricultural biostimulants and cosmetic emulsifiers. Sargassum, a seaweed that once grew in an isolated part of the Atlantic Ocean, has started to bloom out of control and overwhelm beach ecosystems across…
Read MoreIFC and Carbonwave Turn a Growing Climate Threat into Sustainable Economic Opportunity
