World leader urge nations to ratify UN Ocean treaty
![World leader urge nations to ratify UN Ocean treaty](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/04/ES5VxrHXkAEhHGF.jpeg)
The European Union, along with the governments of 13 countries, has called upon nations to prioritize the ratification of a UN treaty aimed at protecting the world’s oceans from overfishing and other human activities.
At the “Our Ocean” conference held in Athens this week, The EU and the governments of Belgium, Bermuda, Chile, Costa Rica, Dominican Republic, France, Germany, Greece, South Korea, Nigeria, Palau, the Philippines, and Seychelles pledged to expedite the ratification process of the “High Seas” treaty, aiming to secure the 60 ratifications required for it to enter into force.
The European Union pledged to spend 3.5 billion euros to protect the ocean and promote sustainability through a series of initiatives this year, its top environment official said on Tuesday.
More than 400 new commitments, amounting to $10 billion, were expected to be announced during the conference.
The EU’s commitments announced encompass a wide array of measures aimed at fighting marine pollution, supporting sustainable fisheries, and fostering the growth of the blue economy, which is the sustainable use of marine and freshwater resources for economic activity.
Last month, a report published by the European Union’s Copernicus Climate Change Service revealed in February that ocean temperatures had reached a record-high rise since 1979, underpinning the urgent threat from overfishing and plastic pollution.
The EU funds will mainly support investments and reform in sustainable fisheries in Cyprus, Greece, Poland, and Portugal. Other EU initiatives are directed at helping African countries develop their blue economies.
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