Tag: environmental footprint

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KfW joins ship recycling initiative

KfW IPEX-Bank became the first German bank to join the initiative "Responsible Ship Recycling Standards". This initiative aims to include scrapping clauses in accordance with international standards into loan agreements, and wants shipping companies to provide at least the minimum standards of occupational safety and environmental protection when scrapping their ships

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Mexico’s huge ocean park: A gold standard for marine conservation?

In 2012, the Cook Islands announced the creation of world's largest single-country marine park -  approximately 1.1 million square kilometers (km2) of the southern Cook Islands’ Exclusive Economic Zone (EEZ) - a vast swathe of ocean almost twice the size of France. In 2014, the International Union for Conservation of Nature recommended that we need to protect at least 30 percent of the world's oceans to effectively preserve biodiversity and then Mexico created a marine reserve larger than Greece; a ‘safe haven’ – as many say -  in Pacific Ocean! Thus, are marine parks the answer to saving ocean wildlife? On 25 November 2017, Mexico’s President Enrique Peña Nieto officially signed a decree to protect the biodiversity of the region by creating North America's largest marine protected area around the Revillagigedo Islands, prohibiting mining, fishing, and tourism development on or near the islands. The park was praised by the World Wildlife Fund and British investor and philanthropist Richard Branson. Technically part of the Mexican state of Colima, the Revillagigedo Islands or Revillagigedo Archipelago are a group of four volcanic islands in the Pacific Ocean, known for their unique ecosystem. They are located where the cold waters of the California current meet ...

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