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SAFETY4SEA

Clean Oceans Initiative doubles commitment to provide €4 billion by 2025 for oceans protection

by The Editorial Team
February 15, 2022
in Green Shipping
UK marine geospatial data

Credit: Shutterstock

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During the One Ocean Summit in Brest, the Agence Française de Développement (AFD), the European Investment Bank (EIB) and KfW acting on behalf of the German Federal Government committed to double the target of the Clean Oceans Initiative.

The Clean Oceans Initiative decided to raise its target to provide €4 billion of financing by the end of 2025, instead of the €2 billion initially expected to be reached by 2023.

The Clean Oceans Initiative is the largest common initiative dedicated to funding projects aimed at reducing plastic pollution at sea. In three years, the Initiative has already achieved 80% of its target by providing € 1.6 billion long-term financing for public and private sector projects that reduce discharge of plastics, micro-plastics and other litter to the oceans through improved management of solid waste, wastewater and storm water.

Projects signed so far under the initiative will benefit more than 20 million people living in Africa, Asia, Latin America and Europe.

This commitment, which was announced at the One Ocean Summit in Brest, demonstrates that PDBs work closely with coastal and river stakeholders to reduce plastic pollution in the oceans resulting largely from land-based activities

said AFD Chief Executive officer Rémy Rioux.

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CDP CEO Dario Scannapieco said: “Preserving the environment and natural resources is a major goal for CDP and is one of the priorities of the new 2022-2024 Strategic Plan. In times when we re-build our economies, our commitments for the achievement of the 2030 Agenda must not falter. CDP stands ready to play an active role by promoting constructive partnerships and looks forward to join forces with its Clean Oceans Initiative partners and is delighted to welcome EBRD as an important partner.”

In addition, EIB President Dr Werner Hoyer, noted that “this kind of cooperation is crucial to tackling global challenges and a great example of the value that EIB Global, our dedicated arm for global partnerships, can bring.”

Currently, around 8 million tonnes of plastic waste enters the oceans every year. This pollution threatens estuaries, coral reefs, fish and millions of families that rely on the oceans.

The Clean Oceans Initiative identifies projects that decrease the release of plastic waste in rivers, seas and on land globally, with a particular focus on riverine and coastal areas in the most polluting countries located mainly in Asia, Africa and Latin America.

A significant amount of plastic waste enters the oceans from the ten major river systems located in these continents, which lack access to regular waste collection and controlled waste disposal systems, as well as adequate wastewater and stormwater management systems.

Tags: healthy oceansplastic debrisplastics

Comments 1

  1. Daniel Van Mosnenck says:
    5 months ago

    It is clear, since very long time, we, don t respect the oceans, we abuse of the resources, and go further…
    Regarding the energy point of view, how politics can accept such low efficiencies, the energy converted by amount of surface is like a joke, what about capacity factors, why not having a look to NemoRenSys? Lot of various technologies are put together to provide really green energy and chemicals like green hydrogen, green Oxygen and further placing the local produced energy into High Performance Computer, cluster, crypto mining possibilities.
    The used surface used is similar to a wind turbine, can you imagine the few thousand extra offshore products like wind turbines, photovoltaic, where are you getting the rare earth materials for generators? below where over 95% of the living portion of the sealife, no noise, not sensitive to the natural risk like on the surface, no radioactive material, radiation, also for more the the GigaWatt production and 3GW in case of EnergyPolis, 3 NemoRenSys together is probably a very valuable solution, if not the solution. And this without any pollution…whatsoever.

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