Index Investing News
Saturday, June 20, 2026
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

Fiscal Dominance and the Politicization of Money

Fiscal Dominance and the Politicization of Money

by Index Investing News
June 16, 2026
0

Fiscal Dominance and the Politicization of Money Much of the contemporary debate about monetary policy focuses on technical questions: whether...

At The Money: How Fixed-Income Investors Can Use ETFs to Their Best Advantage

At The Money: How Fixed-Income Investors Can Use ETFs to Their Best Advantage

by Index Investing News
June 12, 2026
0

     At The Money: How Fixed-Income Investors can use ETFs to their Best Advantage (June 11, 2026) Investors...

The Self, the Crowd, and Social Contagion (with Luke Burgis)

The Self, the Crowd, and Social Contagion (with Luke Burgis)

by Index Investing News
June 8, 2026
0

0:37Intro. Russ Roberts: Today is April 28th, 2026, and my guest is author Luke Burgis. His latest book is The...

At The Money: Grab Your Summer Rental Soon Now!

At The Money: Grab Your Summer Rental Soon Now!

by Index Investing News
June 4, 2026
0

     At The Money: Grab Your Summer Rental Soon!! (June 3, 2026) It’s not too late to get...

Sam’s Links: May Edition – Econlib

Sam’s Links: May Edition – Econlib

by Index Investing News
May 31, 2026
0

Sam Enright works on innovation policy at Progress Ireland, an independent policy think tank in Dublin, and runs a publication...

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

Open banking is helping revolutionize access to credit

Open banking is helping revolutionize access to credit

May 7, 2023
Another NFT Influencer Was Accused of Stealing Art for Upcoming NFT

Another NFT Influencer Was Accused of Stealing Art for Upcoming NFT

June 24, 2023
Who’s Performing, Location & Date – Hollywood Life

Who’s Performing, Location & Date – Hollywood Life

December 26, 2024
How To Start Living Below Your Means

How To Start Living Below Your Means

September 26, 2023
Peter Crouch busts out robot celebration in iconic mascot appearance

Peter Crouch busts out robot celebration in iconic mascot appearance

June 12, 2026
Poconos Resort’s Coronary heart-Formed Bathtubs Discover New Homeowners

Poconos Resort’s Coronary heart-Formed Bathtubs Discover New Homeowners

February 11, 2025
Gareth Southgate heaps praise on Jude Bellingham after rescuing England draw

Gareth Southgate heaps praise on Jude Bellingham after rescuing England draw

March 27, 2024
10 Tips For How To Always Look Good Regardless Of Your Budget

10 Tips For How To Always Look Good Regardless Of Your Budget

May 13, 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