Index Investing News
Friday, December 26, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

UN high seas treaty to protect oceans finally agreed

by Index Investing News
March 5, 2023
in Economy
Reading Time: 5 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Countries around the world have agreed a historic deal to protect oceans that lie outside national boundaries after nearly two decades of on-off negotiations.

The UN High Seas Treaty, which will aim to protect 30 per cent of international waters by 2030, was agreed late on Saturday night in New York after a final two days of nonstop talks that centred around support for developing nations to meet the treaty’s commitments and debate about who will benefit from marine resources.

More than 60 per cent of oceans are considered international waters, known as high seas, which means all countries have the right to ship, fish and do research there. Only about 1 per cent of high seas are now protected.

At stake in the agreement are lucrative fishing and shipping rights, as well as future proposals for deep sea mining and the harvesting of compounds from marine life that could have pharmaceutical applications.

The treaty provides the tools to establish and manage marine protected areas, covers the access to and use of marine genetic resources, and sets out requirements for environmental assessments for deep sea activities. Negotiators had clashed over the issue of how to divide the rewards from newly discovered marine resources.

“There was a question of benefit because the high seas are owned by everyone or no one,” said Antonia Leroy, head of ocean policy at WWF EU.

Discussion over which regional organisations should carry out the monitoring of protected areas was also heated, she said.

“The ship has reached the shore,” said Rena Lee, Singapore’s ambassador for the oceans, who as conference chair announced the legally binding agreement to tired delegates who gave a standing ovation.

“This is a massive success for multilateralism. An example of the transformation our world needs and the people we serve demand,” Csaba Kőrösi, president of the UN General Assembly, tweeted.

Environmental activists were also joined by celebrities such as Jane Fonda during the negotiations to urge UN representatives to seal an agreement.

Actress and activist Jane Fonda, centre, was enlisted in the campaign for the protection of oceans © AFP via Getty Images

By establishing the first legal framework to protect marine areas the treaty will be central to enforcing pledges made at the UN COP15 biodiversity conference in December to preserve a third of the sea and land by 2030, known as the 30 by 30 pledge.

The deal will have to be ratified by 60 states before it can enter into force and will be officially adopted at a later UN session. Lee told negotiators there would be no reopening or discussions of substance on the text.

Greenpeace said there were “still flaws in the text”, but argued the treaty was a “monumental win for ocean protection, and an important sign that multilateralism still works in an increasingly divided world”.

“We can now finally move from talk to real change at sea. Countries must formally adopt the treaty and ratify it as quickly as possible to bring it into force, and then deliver the fully protected ocean sanctuaries our planet needs,” said Laura Meller, an oceans campaigner for Greenpeace Nordic.

“The clock is still ticking to deliver 30×30. We have half a decade left, and we can’t be complacent.”

Virginijus Sinkevičius, the EU’s environment commissioner, described the agreement as “a crucial step forward to preserve the marine life and biodiversity”.

But ahead of the COP15 conference last year, he told the Financial Times that enforcing the environmental targets remained a challenge: “At the end of the day, it will depend what’s going to be under [the target]. What sort of overarching indicators are we going to try to put with it? What is going to be the implementation and review mechanism? How strong is it going to be?”

The EU has pledged €40bn to help developing nations protect marine environments.

Oceans have absorbed 90 per cent of the warming that has occurred in recent decades due to increasing greenhouse gases and 30 per cent of the carbon dioxide released into the atmosphere, putting their ecosystems under intense pressure.

Rising water temperatures because of global warming are disrupting ocean currents, altering food systems and making seas inhospitable to their living organisms.

The UN agreement is the third international accord of its kind relating to the high seas. It follows specific treaties related to seabed mining in 1994, and the management of migratory fish stocks in 1995.

Climate Capital

Where climate change meets business, markets and politics. Explore the FT’s coverage here.

Are you curious about the FT’s environmental sustainability commitments? Find out more about our science-based targets here



Source link

Tags: agreedfinallyhighoceansprotectseasTreaty
ShareTweetShareShare
Previous Post

SC order on ECI will bolster democracy

Next Post

Meghan: Harry and Meghan invited to Charles’ coronation: Report

Related Posts

It’s A Google Drawback – The Large Image

It’s A Google Drawback – The Large Image

by Index Investing News
December 22, 2025
0

    So let’s say you wish to purchase a live performance ticket. You search in Google and also you...

Sam’s Hyperlinks: Vacation Version

Sam’s Hyperlinks: Vacation Version

by Index Investing News
December 14, 2025
0

Sam works on innovation coverage at Progress Eire, an unbiased coverage suppose tank in Dublin, and runs a publication referred...

No matter Occurred to NFTs?

No matter Occurred to NFTs?

by Index Investing News
December 10, 2025
0

    Final week’s Sturgeon’s Corollary generated a little bit of pushback. Probably the most related questions have been about...

Housing: Provide vs. Amount – Econlib

Housing: Provide vs. Amount – Econlib

by Index Investing News
December 6, 2025
0

If there’s one factor we are able to depend on in America, it’s that our elected officers will see an...

The Return of Cisco – The Massive Image

The Return of Cisco – The Massive Image

by Index Investing News
December 2, 2025
0

    I’ve by no means shared this story earlier than, however since we're at a milestone, I would as...

Next Post
Meghan: Harry and Meghan invited to Charles’ coronation: Report

Meghan: Harry and Meghan invited to Charles' coronation: Report

Takehiro Tomiyasu slammed after bad Arsenal performance

Takehiro Tomiyasu slammed after bad Arsenal performance

RECOMMENDED

Here’s a look at what to expect when Hasbro (HAS) reports Q1 earnings this week

Here’s a look at what to expect when Hasbro (HAS) reports Q1 earnings this week

April 24, 2023
Sam Bankman-Fried Is Being Extradited Wednesday, Bahamas Attorney General Says

Sam Bankman-Fried Is Being Extradited Wednesday, Bahamas Attorney General Says

December 22, 2022
FL, DKS, CTLT, OXY & more

FL, DKS, CTLT, OXY & more

May 20, 2023
Review – Constructing the Responsibility to Protect

Review – Constructing the Responsibility to Protect

September 15, 2022
To Make Money in the Stock Market, Do Nothing : stocks

To Make Money in the Stock Market, Do Nothing : stocks

August 29, 2022
With prices flat, Seattle-area housing market settles into new normal

With prices flat, Seattle-area housing market settles into new normal

July 7, 2023
On at the present time in 2013: England undergo Champions Trophy remaining defeat to India

On at the present time in 2013: England undergo Champions Trophy remaining defeat to India

June 23, 2022
San Juan Islands consider annual tourism fee for residents, visitors

San Juan Islands consider annual tourism fee for residents, visitors

October 29, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In