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BSEA, the ETFMG Breakwave Sea Decarbonization Tech ETF, launched today on the New York Stock Exchange, providing a unique opportunity for investors to access companies focused on reducing the maritime sector's environmental impact. The shipping industry accounts for approximately 3% of global carbon emissions, equating to about 1 billion metric tons annually. BSEA tracks the Marine Money Decarbonization Index, spotlighting businesses in cleaner propulsion, carbon capture, and offshore wind development, aiming to capitalize on the transition to ocean decarbonization.
