Wendy Schmidt and the R/V Falkor (too)

Philanthropist and investor Wendy Schmidt founded the Schmidt Ocean Institute in 2009 with her husband, Eric, former CEO of Google. Here, Wendy tells Trudy Ross about their new research vessel, R/V Falkor (too) and the importance of expanding scientific knowledge of the oceans’ unplumbed depths

LUX: Can you share the inspiration behind founding the Schmidt Ocean Institute and your vision for advancing oceanographic research and exploration?
Wendy Schmidt: My husband, Eric, and I began Schmidt Ocean Institute in 2009 after I learned to sail and to scuba dive and he went out and found an existing hull in a retired German fisheries vessel. Combining Eric’s interest in advancing engineering and technology and my growing passion for Ocean science and communications, we repurposed the old steel hull into the construction of a state-of-the-art oceanographic research vessel, launching R/V Falkor in 2012.

We had two ideas: first, as philanthropists, to provide ship time, which is in short supply, for marine researchers at no cost. Second, in exchange, we ask scientists and researchers to make their collected data publicly available for the broader research community as soon as possible, so we might collectively accelerate the pace of oceanographic research at a critical time in the life of the Ocean and our planet.

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LUX: The Institute has recently launched a new research vessel, Falkor (too) to embark on research expeditions and expand the capacity for ocean research. What is special about the ship and how has it been specifically tailored to advance marine science?
WS: Like our first research vessel, R/V Falkor (too) is built on a repurposed hull. The original ship was a service vessel built in 2011 to travel back and forth from Ocean platforms, including wind turbines. It came with an excellent seakeeping ability, which is a wonderful feature when you have robots diving beneath the ship.

We were able to successfully convert the ship for marine research at a shipyard in Vigo, Spain, during a remarkable 18-month period in the midst of the Covid 19 pandemic, during which we faced workers absent due to illness, local work strikes, broken supply chains that delayed needed materials and technical parts.

Nevertheless, R/V Falkor (too) sailed from Vigo in March, 2023, on her first shakedown cruise across the Atlantic Ocean to Puerto Rico in the Caribbean Sea. Falkor (too) is 50 percent larger than Falkor. Its technology expands the capability of Falkor with space for more scientists, offering eight laboratories, two moonpools in the centre of the vessel, a 150-foot-tall crane that can rearrange 20 shipping-size containers to create custom labs on a 10,000-square-foot deck. Modular space on the ship is designed to accommodate concurrent science projects as well as artists, who come along on most expeditions, to translate discoveries and scientific processes into art.

Wendy Schmidt inside the Falkor (too) control room

LUX: Can you speak more about the inaugural expedition of Falkor (too) in the Mid Atlantic Ridge and your findings there?
WS: A multidisciplinary team from 11 scientific institutions joined Falkor (too) for a 40-day inaugural expedition to the Mid-Atlantic Ridge. Scientists were searching for new hydrothermal vent fields–and found three of them–the first discovery of active hydrothermal vents on this section of the ridge since 1980. The vents occur when magma from the Earth’s core comes into contact with sea water, creating a chemical reaction that can look spectacular. “Black smokers” are what they look like, and they can spew upwards hundreds of feet. Vent fields were measured at up to 350 degrees Celsius.

These systems are important to locate and to understand because they are rich with minerals–sulfide deposits–that are one of the targets of deep sea mining. Scientists working aboard Falkor (too) discovered the new hydrothermal sites supported active ecosystems, teeming with rich varieties of marine life. Now that the expedition is concluded, scientists will study the samples they have of rocks, hydrothermal fluids, microbes and animals found on these vents.

LUX: Which were the most significant scientific discoveries or breakthroughs made aboard the The Schmidt Ocean Institute’s previous vessel, R/V Falkor?
WS: During the decade the ship was in service, scientists working aboard discovered more than 50 new marine species and underwater formations and mapped more than half a million miles of the sea floor in high resolution.

Notable discoveries include the world’s longest known sea creature, a 150-foot-long siphonophore, and a coral reef standing taller than New York’s Empire State Building alongside The Great Barrier Reef in Australia. Our underwater cameras also caught rare footage of the ram’s horn squid, the glass octopus, and a 1 cm pygmy seahorse.

Rare sighting of a glass octopus, a nearly transparent species whose only visible features are its optic nerve, eyeballs and digestive tract, as seen from the R/V Falkor

LUX: How important is the role of new technology as a facet of ocean research?
WS: New technology is essential for advancing our understanding of the ocean. Imagine exploration in Space that didn’t take advantage of ever newer systems to enhance the missions we are able to accomplish. We know so little about the ocean and most of it is still unexplored.

Schmidt Ocean supports the development and use of transformative technologies that can scale our efforts at a time when government funding for early research and development in applied sciences won’t make it happen. We support new technologies for data collection and analysis, and others, like autonomous robotics, augmented and virtual reality, machine learning, and artificial intelligence that have the promise to rapidly advance our understanding of ocean systems everywhere we go. Our Executive Director, Jyotika Virmani, chairs the UN Ocean Decade Technology Group.

LUX: You have said before that: “We can’t take care of something that we don’t understand”. Can you speak on existing accessibility barriers relating to the world of ocean research?
WS: The ocean has mostly been inaccessible to most humans throughout our history. It’s dark, cold, the pressures will crush you. We can’t breathe in the ocean without special equipment. Sea water is corrosive, and the ocean is filled with creatures that can sting you, bite you–even completely consume you. How do we reconcile that reality with the other side of the truth: the ocean is the source of all life, provides half the oxygen we breathe, controls the temperate climate that allowed civilization to advance in the places humans settled over the past 20,000 years? All that, and we have barely scratched the surface of other ocean benefits for humanity–the products it produces to enhance our well being,  supplying us with protein, and even curing disease. And yet, through my entire lifetime, the ocean has been under attack—from chemical runoff and pollution, discarded fishing gear, overfishing practices, ocean noise from the 55,000 container ships that cross our seas every day, and the constant pumping of excess C02 into our atmosphere from the burning of fossil fuels.

The people we want to engage in our outreach probably don’t live anywhere near the Ocean. They may see it from aeroplanes or ferry boats, and think it doesn’t matter to them. I didn’t know it mattered to me until I started to really look at it. Now I can’t stop looking.

Newly Discovered Hydrothermal Vent Field on Puy des Folles Seamount in the Mid-Atlantic Ridge

LUX: In addition to oceanography, your philanthropic endeavours also cover other areas, from AI to renewable energy. Can you tell us how you go about identifying areas to focus your support across a diverse range of fields?
WS: We are living in a revolutionary time in human history, and, unlike people alive during earlier times of revolution, we actually know it. We experience it every day and for many people, the world has become a confusing place that changes too quickly for us to understand.

We have a corresponding opportunity in such a world to use the emerging tools of technology to rethink the human relationship to the finite resources of the Earth: our soils, atmosphere, fresh water and energy sources, and, of course, the largest living space on the planet, where 50-80 percent of all life resides–the ocean. Our planetary systems are deeply interconnected —in ways we are only beginning to understand because our technologies allow us, for the first time, to observe and to measure what was either hard to encounter or simply invisible to us.

With today’s growing suite of technologies that help us to see, analyse, understand and encounter what is here, and to incorporate Indigenous wisdom that supported human life on Earth for millennia, we have the chance to pursue human activity as a part of the living systems of the world. We work to help build a world with energy and food systems that are regenerative by design, accessible for everyone, and that respect human rights and dignity, even as we bring AI and machine learning into our work in ways that can amplify human potential everywhere.

An aerial image of R/V Falkor (too)

LUX: In your view, how crucial is the role of philanthropy in furthering the cause of ocean conservation and wider issues of sustainability?
WS: Philanthropy holds a unique position when it comes to problem solving. Think of philanthropic funding as a kind of philanthropic capital invested in activities of transformation. I think of our funding as energy, or velocity, brought to the work. Our risk profile for return on investment is far higher than what could be borne by industry or governments. We are patient and recognize the transformation of existing systems is a marathon, not a sprint. But over a decade, over two, you can see the shift happening in the way people think about what is possible.

Our work through Schmidt Marine Technology Partners for example, has been groundbreaking in getting useful technology that might otherwise remain a pet project into development and into the hands of marine researchers and ultimately into a global market that includes governments, research institutions, coastal and fisheries planners and managers, and many others.

Reseach Vessel Falkor photographed off the NW coast of the United states. Photo by Shelton Du Preez/SOI.

LUX: What are your future aspirations for the Schmidt Ocean Institute and its impact on advancing scientific knowledge, ocean exploration, and conservation efforts?
WS: My husband, Eric, and I look at Schmidt Ocean Institute as one of our legacy institutions–one that will live well beyond our own lifetimes. Its mission is so extensive and so critical to future life on Earth, and we know we are only at the beginning of the journey that brings humanity back to the ocean as its stewards and guardians.

I’ve been saying how little we know about the Ocean. Let me give you a few examples. There are up to 10 million marine species, bacteria and viruses in the ocean, but only 10 percent of them have been classified. That’s like saying, we don’t really know what life on Earth looks like. What we see on land is only a small part of it.

Read more: Jackie Savitz on why governments much protect the oceans

Only about 25 percent of the estimated 140 million square miles of the ocean floor has been mapped in high resolution so far. We know more about the back side of the moon than we do about our own planetary surface. Most people would be surprised to learn about underwater rivers, mountain ranges, kelp forests or how one researcher described her submarine journey into the darkness of the deep, saying everything was lighting up around her: “It’s the 4th of July down here.”

In the past, explorers had ships from which to encounter the ocean and mechanical instruments with which to sample and measure its activity. We have rovers and deep sea robots that never tire, high resolution cameras, high performance computers and AI that can see things invisible to the human eye, and make sense of information that we can’t without impossibly long periods of analysis.

If we can’t learn the Ocean with all these tools, it would be a failure of humanity to understand what our life on Earth really is, and would likely spell our doom, because with “life as usual,” we are destroying our life support system. We have a responsibility to use this extraordinary opportunity to explore the frontiers of our planet in a way that is ethical and inclusive, that will serve all peoples of the world and preserve the integrity of the living systems that support us all.

All images courtesy of the Schmidt Ocean Institute

Find out more: schmidtocean.org

Photo by Tim Marshall

Ahead of World Ocean Day, LUX speaks to Jean-Baptiste Jouffray, researcher at the Stockholm Resilience Centre, about his work on the Anthropocene, the blue acceleration, and why saving our oceans must be a collaborative effort

Jean-Baptiste Jouffray

LUX: The use of the word Anthropocene has only become widespread in the scientific community fairly recently, but it’s now a key focus of your work. Why is this terminology important?
Jean Baptiste Jouffray: The Anthropocene is often described as this new period or epoch or era where humans have become a dominant force of planetary change, with profound impact on, not just the climate system, but also all sorts of ecosystems and the functioning of the earth’s system. It’s essential to my work as an analytical framework. It’s more than just entering a discussion about whether it’s a geological epoch, which means agreeing when it starts exactly. Does it start after WW2 when we start using radioactivity? Does it start exactly 2000 years ago? Does it start 10,000 years ago when we started to have agriculture and other things? I think it is more important to use it as an analytical framework, rather than focusing on those types of questions. It’s often characterised by unprecedented speed, scale and connectivity across sectors, across people, across regions, across socioeconomic contexts. What do these things mean? How do we make sure we move forward in a more sustainable and equitable way? I think that’s the power of the Anthropocene, in my work at least. Others focus more on the geological aspect of it and the question of whether it is the next geological era after the Holocene or not.

LUX: You say that in your work you use inter- and transdisciplinary approaches, which is a method which is becoming more prevalent across STEM fields. Would you say that this is particularly important when researching sustainability?
JJ: Absolutely. That’s because I think sustainability is a different kind of science. It has been described as a science for which the real test of success will be implementing its knowledge to solve the big societal challenges. So, in that sense, I think sustainability science is about translating knowledge into action. It’s not just about creating knowledge for the sake of it, but really creating knowledge, and ideally co-creating knowledge amongst multiple stakeholders to solve the problems we’re facing. Sustainable science is often said to be problem-driven and solution-oriented, and in that sense you need more than just one discipline. You have to synthesise knowledge across academic disciplines.

Beyond academia, you also need to engage with different societal actors, be it governments, NGOs or the private sector, for instance. It’s true that the coproduction of knowledge should also lead to co-operation in the designing of solutions and their implementation. If it’s just a top down thing, scientists in their ivory tower and the rest of the world, it’s not going to work.

Photo by Ivan bandura

LUX: You have been involved with SeaBOS, the organisation involved in creating a dialogue between corporations and experts in sustainability. Obviously businesses are becoming more engaged with science, but how are they really doing this and do you think we have a long way to go?
JJ: Yes we do. But it’s good that we have started somewhere. I think SeaBOS is an example of what I just described, it’s scientists coming together with businesses and trying to co-produce knowledge, agreeing on what the challenges are and discussing what the possible solutions could be. It’s really that kind of science-business dialogue that has been a really fascinating experience. I think this is because, ultimately, it is a dance between those two entities; you have to compromise somewhere. For example, scientists usually like to see more results or ambitious time goals, and then the business side also have to deal with the reality of their own operations and what is feasible. You have to adapt to the other side, and this is a really exciting prospect.

We need collective and collaborative action across the whole supply chain. It’s not just miscellaneous companies and scientists: we need the financiers involved, we need governments to set up the right regulatory landscapes to incentivise better practices, and consumers need to be aware of it as well. So it is really that collective and collaborative approach that can accelerate sustainability.

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LUX: Is it realistic to expect consumers to understand the science and the environmental impacts behind their purchases? Do they need to?
JJ: They need to understand it in order to add another dimension of pressure in what I just described in terms of collaborative and collective action. I think consumers have a role to play, but whether they should have the sole responsibility, I don’t think so. In an ideal world, as a consumer you would enter a grocery store and only have sustainable products to choose from, you wouldn’t have to choose between a sustainable version and an unsustainable version, often with a price premium for the sustainable one, which brings more difficulties.

I think for this question it is a yes and no. Yes, they do have a role to play, and we’ve seen it in boycott or buycott campaigns which have had a really strong influence on industry. One of the most widespread mechanisms used by companies is certification or labelling of products, and we do see that it has an impact, but also limits. If you do a survey and show maybe half a dozen labels to a random, average consumer or customer in the grocery store, they will recognise some that do not exist. This was actually done in the context of seafood when consumers were presented with labels; they were recognising some of the legit ones as well as some that were totally made up.

Photo by Ivan Bandura

LUX: How do you see the relationship between science and governmental policy and what role do you think researchers should play in shaping policy and decisions?
JJ: Speaking from my own field of sustainability science  I think scientists have a really big role to play. This goes back to this example of staying in your ivory tower and publishing papers and then moving onto the next one, without really caring what happens next. I think that model of operating – again, for sustainability science, I want to make that distinction because I think there are a lot of applied or fundamental sciences that are different and that we need for the sake of them. But in the context of sustainability, it has to operate with the ambition to translate that knowledge into action, and that means communicating it to different stakeholders, like the private sector, but certainly to governments so that policy decisions are evidence based. That’s really what the IPCC is about in the context of climate change.

On the other hand, however, this doesn’t mean we always need to wait for science to act. I think there is a double-edged sword to big organisations like the IPCC, and that’s why several of the scientists who have been engaged for years in the IPCC and various reports, have publicly said this will be their last report. They will not contribute anymore because it gives the impression that we need to wait for the next report to have more information to act upon, when in fact we have all of the information we need to know in terms of the urgency of the situation and to know the solution to it, and therefore we need to act.

LUX: Can you explain what is meant by ‘blue acceleration’ and what this means for our oceans going forwards?
JJ: The term blue acceleration is something we coined very much in the spirit of the Great Acceleration idea and concept by Will Steffen, who recently passed away and was a giant of science. He used the term of the Great Acceleration to describe an exponential growth. The growth usually starts in the Industrial Revolution, but it really takes off in the mid-50s after WW2. You see across economic and socio environmental variables with population, GDP, deforestation, CO2 emissions across the board, you see that really rapid, exponential growth. Of course, it has its consequences, and it’s often one of the most iconic illustrations of the Anthropocene.

If we go back to the notion of the Anthropocene, how do you visualise, how do you embody the Anthropocene? It could be with those graphs of the Great Acceleration and our work focused on how that relates to the ocean specifically. If we take that lens and look at what happens in the ocean, it looks very similar. So that’s the interesting parallel, that’s why we called it the blue acceleration, because you see a rapid increase across a wide range of sectors. There are multiple increasing uses of the ocean for food, for energy, for materials, and for space as well.

If you look at marine aquaculture or agriculture for instance, it’s one of the fastest food production sectors in the world. If you look at shipping, the volume of goods transported by containers has quadrupled over the past 20 years and more than 1,000,000km of submarine cables have been laid on the sea bed. Undersea cables account for 99% of all international telecommunications that are happening in the world; it’s cheaper, more reliable, faster and safer than satellites.

Offshore wind is another example, one of the most promising marine renewable energies and the only one so far to have been scaled up commercially. It has increased 500 fold in the past 20 years. What the blue acceleration is, in essence, is a new phase of humanity’s relationship with the ocean that is characterised by this rapid increase at the onset of the 21st century, so very recently.

Photo by Danny Copeland

LUX: Can you tell us about the Ocean 100 project?
JJ: The Ocean 100 really speaks to the blue acceleration. If you acknowledge that acceleration and that growth across all sectors, you see that there is a scramble for the sea. Then the question is, who is racing? Or, if you look at it another way, who is left behind?

The Ocean 100 is looking at the big companies, particularly in the private sector, who are involved in ocean based industries. What you see is that a handful of companies often control a really large market share of the sector. For instance, the top ten oil and gas companies in terms of offshore production are responsible for more than half of total offshore production. If you look at the 10 largest companies in cruise tourism, they are 93% of the global market share, so really highly concentrated in terms of revenues. We look at those companies within sectors, and we look at it across sectors just by revenues, to see who are the largest of the largest across ocean industries. That’s the Ocean 100. The 100 largest companies by revenues.

What’s striking is that 47 out of the 100 are oil and gas companies, and 9 of the top 10. It’s a reality check because there is a mismatch between the aspiration of a blue economy, a sustainable and equitable ocean economy, and the reality of today’s extraction where oil and gas is by far the largest industry in the ocean today. The project identified who they were and in a subsequent effort, tried to engage in dialogue. So similar to what SeaBOS has managed to do within the seafood industry, they engaged in dialogue with some of those industries to see what they could do together across industries that they couldn’t do alone within their own sector.

Read more: Markus Müller on the links between the ocean and the economy

LUX: You recently completed your PhD. What is next for you?
JJ: I’ll keep doing it, I’ll keep going at it! I’m just starting a position at the Stanford Center for Ocean Solution, whose mission is to translate knowledge into impact across a series of initiatives. I’m very keen to keep looking at the ocean economy and trying to look at how we make sure it becomes a blue economy. It’s often used synonymously; people think of the blue economy as the ocean economy. I like to make a distinction. The blue economy right now is very aspirational, it would be a sustainable and equitable version of the ocean economy. But the reality that we’re dealing with today is very much a dark blue ocean economy.

I will be looking at the ocean economy, trying to make sense of it, increasing transparency, but not just for the sake of transparency. Transparency on its own is not enough. What you need is accountability as well. Trying to identify the levels of accountability in ocean economic sectors and leverage points to change. Who can set the right incentives? I believe the financial sector has really strong power to create incentives for industry, as do governments. You need a regulatory landscape. It’s not going to happen out of altruism as much as we could wish for this, it’s not how we operate. You need the regulation to be in place to incentivise better practices, and we’re going back to collective action. I think diving into that is something that I’m really keen on.

Photo by Danny Copeland

LUX: In 10 years’ time what changes do you hope to see in the world as a result of your research and the initiatives that you’ve worked on?
JJ: In 10 years’ time we’re past 2030, so we’ve either delivered or not on the Sustainable Development Agenda. So far it doesn’t look that good to be entirely honest, I don’t know if we are on track for delivering.

But I hope we will have got to a point where governments have been bold enough to set in motion the policies that will enable change. We can’t just stick to business as usual with a few incremental changes here and there, or a couple of long term targets that make everyone feel good.

More specifically, when it comes to the financial sector, I really like to think of financiers as either enablers or gatekeepers in terms of their potential influence. I would like to see them enable capital to flow towards sustainable activities. What’s striking in the ocean domain is that SDG 14 is the least financed goal of all of them. The SDG 14, life below water, the ocean SDG, is the least financed over the past ten years. Only 1% of the total value of the ocean economy has been invested into sustainable activity. In 10 years’ time I would hope they do more to fill that gap and enable more sustainable investment.

At the same time, regardless of that ocean finance gap, you have that blue acceleration that is exponentially increasing. This means that capital is going to those sectors, one way or another. That’s where I think of financiers as gatekeepers. Ideally financiers would take the sustainability criteria into consideration in their financial decision. It’s not the norm, but I hope it will be in 10 years’ time. Loans by default should be sustainability linked instead of the other way around, because suddenly that means companies have an incentive, a very tangible incentive to perform from a sustainability perspective.

Find out more: stockholmresilience.org/jouffray

James Chen, Chairman, Chen Yet Sen Family Foundation and ‘Vision for a Nation’

‘Moonshot Philanthropist’ James Chen speaks to LUX about the importance of risking capital for a mission that matters

James Chen is on a mission to tackle a major problem that most of humankind doesn’t even realise exists. There are more than two billion people worldwide who suffer from debilitatingly poor vision, with no recourse to help. And yet all it would take to transform their lives is a simple pair of prescription glasses. Poor vision is a life sentence that could easily be lifted, with just a little help. In what he refers to as ‘moonshot philanthropy’, Chen – softly spoken, thoughtful and himself a wearer of prescription glasses – set out to change the world.

During his eighteen-year philanthropic journey, Chen has pioneered developments in optical technology through his company Adlens and overseen its implementation in the developing world through his NGO, Vision For A Nation. In July this year, largely due to pressure from his campaign Clearly, the UN adopted a Vision for Everyone resolution, which was unanimously agreed upon by all 193 member states. By recognising vision as a basic human right, the resolution will kickstart a global effort to help 1.1 billion people with poor vision by 2030. Here, Chen speaks to LUX about his mission.

LUX: You were influenced by your father to become involved in philanthropy. Tell us about that.
James Chen: When my father retired from business, he devoted himself to philanthropy in his hometown. I think a lot of people at that time were very generous, [but] they [only] wrote cheques. The difference with my dad was that he actually went there himself, a few times a year: he made that seven-hour trip [to his hometown], got to know the people and their needs. He set up schools, hospitals, town halls, and everything in between. Later, when he got old and stepped back from it, [I used it as] impetus for setting up the family foundation. Personally it was very gratifying to work with the family, and to build on his legacy, in China. But I wanted do dig into something meaningful globally. I had no idea what it would be.

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LUX: So how did the problem of vision come onto your radar?
Jame Chen: I came across this Oxford professor [Dr. Rob Stevens] who invented adjustable-powered lenses, and it immediately clicked with me. I grew up in Nigeria, where our family business still is, and for most of my career I’ve also been in developing Asia. The thing that struck me was that very few people wore glasses there – either because they don’t need them, or they don’t have access to them. When I met this professor, I could see how I could help solve the problem.

Thanks to Chen’s campaign Clearly, the UN is aiming to help 1.1 billion people with poor vision by 2030. Image by Sarah Day

LUX: Adlens is the vehicle you created to tackle this. What was that journey like?
James Chen: I formed Adlens with [Dr. Stevens]. We wanted to develop the technology and apply it commercially in the developed world, and socially in the developing world. My team spent two years knocking on the door of the World Bank, which ultimately rejected us. The industry and professionals said that it couldn’t be solved, but their model of delivery of glasses is to high resource environments: that model falls over in the developing world. That’s why we set up Vision For A Nation, an NGO, to test our model in a low-resource environment. We picked Rwanda, and developed a protocol to train nurses in three days to do a good enough eye test, and to dispense glasses. In five years, we screened 2.5 million of the 12 million population in Rwanda and dispensed 300,000 pairs of glasses. We left at the end of 2017, [having] done the thing that the policymakers said couldn’t be done.

LUX:  How did you scale that model?
James Chen: Instead of replicating the program one country at a time, I knew that this was a global problem: we had to think differently. That’s where I applied my risk capital to start the Clearly Campaign. Our target was to get policymakers to understand what we called ‘the problem that the world forgot’. We said, ‘if you have uncorrected poor vision, how are you going to achieve your sustainable development goals?’. For someone who has poor vision, it’s probably going to affect their educational outcome, their productivity; even gender equality is affected by poor vision. That’s the crux of our campaign.

LUX:  This concept of philanthropy and vision, had anyone done that before you?
James Chen: No one [has] thought of it in terms of a bigger scale. That’s why I had a brick wall when I first started looking into this. People do these programs [where they] go to a village and take glasses, but that doesn’t, to me, solve the problem. Poor vision is always put into the health silo: in the priorities of what governments have to tackle in developing countries, there’s a whole list of things that are perceived as higher priority than blurry vision. But there are 2.2 billion people in the world who have poor vision, of which, for at least 1 billion people, all they need is a pair of glasses to correct it.

Read more: Gaggenau’s Jörg Neuner on embodying the traditional avant-garde

LUX: Why do you think it took a philanthropist with no prior knowledge of the sector, instead of scientists and governments, to solve the issue?
James Chen: A key problem in the world of aid is there is very little risk capital available. As a philanthropist, I am in the privileged position of being able to take risk with my capital. If it’s successful, it’s hugely impactful. If it fails, I can absorb that loss. It’s now my prime mission [to incentivise] the high net-worth community to do the same. I coined this phrase ‘Moonshot Philanthropy’, and I came up with a tagline: ‘privatise failure, socialise success’.

Chen delivering a speech at a Sightgeist event in London

LUX: What would you say to people to encourage them to do ‘Moonshot Philanthropy’?
James Chen: Recognise the superpower that we have as ultra-high net worth individuals: we can deploy our own capital, and we can take as much risk as we want. Most of the high net-worth community do not deploy that superpower.

LUX: Do you think there is enough dialogue between philanthropists?
James Chen: No. There’s still a lot of scope [for that]. There’s all this noise around impact, investing, and social enterprise, and lots of donors have become confused. Most people who call themselves philanthropists are really doing charity or patronage. With the ‘Moonshot Philanthropy’ idea I want to plant that seed so that there is a model for people to use. I think I’m in a unique position to reframe this, to help people to grasp it. That’s the good thing about philanthropy: it’s different from business. In business you’ve got a great idea and then you try to maximise the value. In philanthropy, if you think you have a great idea, share it, and let people run with it. That’s the best way to scale it.

LUX: What’s next?
James Chen: I’m very focused on proving the link between vision correction and its impact on things like productivity and education outcome. We need to provide the evidence base so that governments will invest. It’s not just helping me by doing all this; I’m bringing more awareness, and capital, and support to the whole sector.

Find out more: jameschen.vision

Jimi Hendrix, London, 1967, Gered Mankowitz

With many national lockdowns reinstated across the globe, the majority of this year’s festive shopping is  taking place online. Launching her new monthly column for LUX, artnet’s Vice President of Strategic Partnerships Sophie Neuendorf discusses the benefits of buying and gifting art remotely

Sophie Neuendorf

Nothing is more enduring or powerful than a work of art. Throughout history, it has been artists who have documented the zeitgeist, from religious convictions to frivolous fêtes or times of social unrest and upheaval. It is also always artists who push boundaries and promote an atmosphere of tolerance and peace.

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Especially now, at a time when we’re all forced to be secluded and are closing our houses and boarders, art has the power to open up a cross-cultural exchange and bring hope and light into our homes and our hearts. What’s more, art has the potential to provoke important discussions around current issues such as religion, gender, race, and politics. With the recent presidential election, and the ongoing Black Lives Matter, and Me Too movements, these topics will remain very current leading into this year’s holiday season.

For many of us, the holiday season is one of the most wonderful times of the year. 2020, however, is confronting us with unprecedented new challenges, and also an element of sadness and caution. Many of us will not be able to visit our grandparents; some of us won’t be able to travel home for the holidays; and a few of us will have suffered the loss of a family member or friend this year.

Untitled, 1964, Sam Francis

So, the question is: how do we celebrate the holidays pandemic style? By surprising our loved ones with witty, thoughtful gifts to make them happy for months, and years to come! Thanks to online technology it has never been easier to buy and ship directly, allowing us to get into the spirit of giving without the anxiety of social distancing.

Read more: Three major art patrons and a fine art photographer are transforming London’s shopfronts into a pop-up gallery

Whilst sites such as net-a-porter.com and matchesfashion.com provide excellent browsing material, why not try something new this year and invest in an artwork? Buying art online isn’t as complicated as it might seem. Although the art market has been slowly moving online over the past few years, the coronavirus pandemic has accelerated this transition. Now, with the help of cutting-edge technologies such as AR or VR, you’re able to visualise an artwork within a room and to scale, to ensure that the piece you love is perfect for your home. You can also chat with a specialist throughout the research and bidding process.

Study for Canadian Forest, Robert Longo

At artnet, for example, we offer a range of ongoing auctions which you can browse and bid at leisure from the comfort and safety of your home. From David Hockney to Richard Prince and KAWS, from Modern & Contemporary fine art to photography or abstraction, you’ll be spoilt for choice. It takes two minutes to register and then, you’re ready to go. Once you place a winning bid, your funds will be safely held by artnet in escrow until you or your loved ones receive the artwork in a perfect condition. And yes, there’s a returns policy. Now go ahead and treat yourself or someone else!

Sophie’s 5 top tips for buying art online:

1. Learn how to recognise quality and prioritise it over everything.
It’s much better to own one great artwork than five mediocre works. The beauty of bidding online is that it removes the time pressure of a live auction room. Take your time to browse, choose, and place your bid on that one piece you love.

2. Be patient and wait until a work of high quality within your budget comes up for sale. Then be prepared to act decisively and quickly. Don’t get discouraged if you miss out or end up being outbid; the next opportunity is always around the corner.

3. Study prices and the market extensively so you can spot good deals when they come up. At artnet, we have the art market’s most extensive and trusted price database, which is an excellent research tool. If you don’t have time, get advice from one of our specialists who are very happy to help, or work with a reputable advisor.

4. Take transaction costs into account prior to bidding. Buyer’s premium, shipping, insurance, taxes and duties can add significant costs to your acquisition. We can calculate all that for you at artnet.

5. Enjoy yourself. Art collecting is excellent fun!

Browse artnet’s current auctions via artnet.com/auctions

Baby pillar coral, being bred in quarantine, at six months. Image by Kristen Marhaver

She is one of the most compelling figures in ocean conservation. Kristen Marhaver, a marine biologist and TED and WEF star, has made coral regeneration sexy. She tells Darius Sanai that rapid scientific advance and philanthropic support are combining to make the idea of regrowing the world’s coral a real prospect

DEUTSCHE BANK WEALTH MANAGEMENT x LUX

Kristen Marhaver. Image by Bret Hartman.

LUX: Why has there been so much positive progress in coral science recently?
Kristen Marhaver: For a long time, nobody knew how corals reproduced. We assumed most corals spat out little swimming baby corals. It was only around 30 or 40 years ago that mass spawning of corals was discovered and that’s because it only happened a few nights a year. If you’re in the water one hour too late or two days too early, you won’t ever see it. We always had in the back of our minds that the more we understood about reproduction, the more we could help promote coral reproduction in the wild.

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When I started my research career, we would watch corals reproduce and collect their eggs and raise them through the first couple of days or weeks of life and that was it. It was extraordinarily difficult to make progress and most of the coral community thought that there was no way that this would ever lead to something you could apply in conservation. All of a sudden, things just started to click and every year we made a little bit more progress – by “we” I mean the hundreds of people around the world working on a thousand coral projects every year – and decoding one more puzzle at a time and getting a little bit further along the path.

Then we realised all of a sudden something that had seemed impossible became fairly possible. Now everything is aligned just right, and there is this gold rush in coral reproduction science to increase the efficiency of their breeding. We know that every year we’re only going to make a couple of steps more before we have to wait 11 months to try again.

It has been exciting to see the field’s potential grow in the past few years, and it makes it even more exciting to dig into the ever more difficult puzzles because we know that the more we solve, the more we can hand over the answers to other groups that can scale it up from there.

LUX: Is it correct to say there is hope that coral reefs can be rebuilt?
Kristen Marhaver: We are slowly accepting that it’s an option, but we are always really careful about the scale and the timeline when we talk about it. Sometimes I think that we are in year 40 of a 200 year project. So, we can’t go and give an island nation an entire new coral reef, but we can grow a handful of species, get them out in the water, give them 10 years, and they will be the size of basketballs. We can do that on a metres to tens of metres to hundreds of metres scale, but it is also true that the more that people get good at this, and the more innovation is applied, the more it will scale up. In the next five to ten years, we will have changed from saying, “this is something we can do” to “this is something that we can scale up confidently”. There is an analogy with orchids. These used to be extraordinarily expensive, but if you go to a supermarket or a florist, you will see an orchid for $10. The reason they are so abundant and cheap is because scientists figured out meristem culture, so instead of waiting for orchids to grow big and then dividing, they just take a tiny sliver of tissue and grow a whole new orchid. That completely changed the availability and propagation of those plants. We are about to see the same kind of thing in coral propagation.”

Juvenile corals, aged 18 months in the aquarium system at CARMABI. Image by Kristen Marahver

LUX: You can recreate coral killed by human activity, but how do you ensure the new coral won’t be killed again?
Kristen Marhaver: That’s a great question. And it’s a huge concern. We have a couple of reasons to be optimistic, one of which is that there’s now a really powerful race amongst the countries to enact not only climate plans, but also marine protected areas and fisheries regulations and sewage system modernisation. There are also some pretty nice examples of places where juvenile corals can do better than the adults could. That’s partly because when we are growing juveniles, there is a tremendous amount of genetic diversity. You have more chances of getting a good hand by putting 20,000 juveniles of all different genetic combinations into a place, as opposed to fragmenting 10 or 20 adults and gluing those pieces back onto a reef.

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LUX: You are passionate about making sure philanthropists support the right groups in coral restoration.
Kristen Marhaver: The most powerful groups in coral restoration are in places like Belize and the Dominican Republic and the Philippines. You don’t necessarily hear about them because they don’t have the glossy brochure and the advertising budget and the social media person; they’re just all underwater busting their butts. It is really important to find a group that’s not just flashy and well branded, but one that is honest about what they can do. It’s important for donors and philanthropists to do their homework and find out what’s going on behind the scenes.

LUX: And why is coral important?
Kristen Marhaver: I was interviewed once on a television station and the interviewer asked me why we should care about coral reefs. And I said, “Well, they bring in tourism money, and provide food for a billion people around the world, and they grow these beautiful structures that are art.” Then he asked, “Why should we care?” I said, “If you don’t like money or tourism or art, then I really don’t know what I’m going tell you.” But if you have ever been to a beach in the tropics, or been in a building in the tropics, you may have corals to thank for keeping that beach there, keeping that building up. It’s also cultural heritage, the same way that we care about losing languages or losing monuments or losing art. It’s because it’s the heritage of our earth and the cultures on earth. We owe it to small communities around the world to help them hold on to that cultural value as well.

Dr Kristen Marhaver is a coral reef biologist at the Research Station Carmabi and the founder of Marharver Lab, both in Curaçao.

Find out more: researchstationcarmabi.org; marhaverlab.com

This article originally appeared in the LUX x Deutsche Bank Wealth Management Blue Economy Special in the Summer 2020 Issue.