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    Port of Klaipeda and Proman shake hands on methanol bunkering

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SAFETY4SEA

EU to allocate €1 billion for the ocean protection

by The Editorial Team
April 18, 2022
in Green Shipping
EU Emissions Trading System

Credits: Shutterstock

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During the “Our Ocean Conference” (OOC) in Palau, the EU renewed its pledges towards international Ocean governance, by presenting a list of 44 commitments for the 2020-2022 period for an amount of almost €1 billion.

What is the “Our Ocean Conference”

Originally launched in 2014, the Our Ocean Conference took place in the US in 2014 and 2016. Chile hosted it in 2015, the EU in 2017 (in Malta), Indonesia in 2018 and Norway in 2019. Throughout the six previous conferences, participants have made more than 1,400 commitments worth approximately $91.4 billion and protected at least five million square miles of ocean. This 7th edition, co-convened by President Surangel Whipps Jr. of Palau and the US Special Presidential Envoy for Climate John Kerry, is all the more important as it will help draw attention to one of the most ocean-dependent and climate change-prone regions.

The Our Ocean Conference is a key moment for countries across the world, civil society, and industry to commit to concrete and significant actions to protect the ocean. The theme of 2022 edition is ‘Our Ocean, Our People, Our Prosperity’, and it draws global partners to identify solutions to sustainably manage marine resources, increase the ocean’s resilience to climate change and safeguard its health for generations to come.

The sum the EU is committing today is significant, but not as significant as the role that the ocean plays for our very existence. It provides us clean air, regulates the climate, hosts a large part of biodiversity on Earth and is key for our economy. The ocean is bringing all these benefits to us and we need to protect it. Our future depends upon it

…Commissioner for Environment, Oceans and Fisheries, Virginijus Sinkevičius, said.

At the Our Ocean Conference, the EU has taken commitments covering all the themes of this international event: marine protected areas; tackling marine pollution; confronting the ocean-climate crisis; creating sustainable blue economies; advancing sustainable small-scale fisheries and aquaculture; and achieving a safe, just and secure ocean. The EU has also developed a commitment tracking tool to allow citizens to follow the progress of the implementation of the commitments.

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The EU is conscious of the challenges facing the ocean and has put a strong focus this year for protecting and restoring it, for example by contributing to initiatives such as the One Ocean Summit (in February, Brest) and the forthcoming UN Ocean Conference (in June-July, Lisbon). The EU is also currently updating its International Ocean Governance Agenda to take into account in a comprehensive way ocean challenges and recent developments, but also opportunities presented by the European Green Deal.

The EU remains fully engaged in the Our Ocean process, and stands ready to assume its responsibility in relation to international ocean governance as a firm supporter of multilateralism.

During the 2017 Our Ocean conference in Malta, the EU committed €300 million on projects to tackle plastic pollution, make blue economy more sustainable and improve research and marine surveillance.

In 2019, the EU made 22 commitments consisting of concrete and targeted action with a total budget of almost €540 million to tackle key ocean challenges such as the impact of climate change, strengthen knowledge base, drive innovation and to promote the development of the sustainable blue economy within and beyond Europe.

CLICK HERE TO READ EU’S ANNOUNCEMENT

Tags: environmental protectionEUFundingmarine environment

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