Ocean Governance Commitments
The EU announces 40 ocean governance commitments at the 9th Our Ocean Conference and is expected to invest €3.5 billion to achieve the largest ocean governance in history.
Our Ocean Conference aims to promote global ocean protection and sustainable development actions. This year’s conference topic is to support a safe, secure, clean, healthy and sustainably managed ocean. The conference covered topics such as sustainable fisheries, marine protected areas, oceans and climate change, sustainable blue economy, marine pollution and maritime security. Since 2014, the Ocean Conference has launched more than 2,160 commitments with a cumulative value of €130 billion.
Related Post: World Economic Forum Releases Sustainable Aquaculture Report
EU’s Commitments of Our Ocean Conference
The EU plans to provide €3.5 billion to invest in the following areas:
- Sustainable fisheries: The EU will provide €1.9 billion through the Recovery and Resilience Facility to support investments in sustainable fisheries and aquaculture. It will provide €23.5 million from 2024 to 2025 to support fisheries management organizations and fisheries agencies. The EU will also provide €1.5 million to support the Port State Measures Agreement and combat illegal fishing.
- Marine protected areas: The EU will provide €1.36 million to support the Marine Biodiversity of areas Beyond National Jurisdiction Agreement and €24 million to protect marine biodiversity and marine ecosystems.
- Ocean and climate change: The EU will provide €103 million for the ocean observation program to improve ocean models for climate predictions.
- Sustainable blue economies: The EU will provide €130 million through the Recovery and Resilience Facility to support two sustainable blue economy investments in Italy and Portugal. The EU will also provide €134 million to help African countries develop sustainable blue economy.
- Marine pollution: The EU will provide €980 million through the Recovery and Resilience Facility to support marine pollution control plans in Greece, Spain, Italy, Cyprus and Finland.
- Maritime security: The EU will provide €45 million to strengthen maritime security.
- Support to the Mediterranean: The EU and Sweden will provide €7.5 million to support the Blue Mediterranean Partnership and develop the blue economy. The EU will also provide €2 million to support environmental projects under the Barcelona Convention.
- Ocean Research: The EU will provide €92.3 million to support EU Mission Restore our Ocean and Waters.
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