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At the Our Ocean Conference in Greece, the European Union is confirming its strong engagement for international ocean governance by announcing 40 commitments for action for 2024. These actions will be funded by €3.5 billion from various EU funds. They represent the biggest amount ever announced by the EU since the start of Our Ocean Conferences.
The Our Ocean Conference is an international effort, launched in 2014 and hosted by a different government each year, aiming to foster global ocean governance and action to support marine conservation and sustainable development. This year’s conference calls for joint efforts worldwide in support of a safe, secure, clean, healthy and sustainably managed ocean. At the Conference, the EU is taking commitments for action covering all themes of this event: sustainable fisheries, marine protected areas, ocean and climate change, sustainable blue economies, marine pollution, maritime security, and beyond.
EU commitments for a safe, secure, clean, healthy and sustainably managed ocean
Sustainable fisheries:
- up to €1.9 billion under the Recovery and Resilience Facility to support sustainable fisheries – one of the biggest amounts announced. It will be used in Greece, Spain, Cyprus, Poland, Portugal’s (2020-2026) recovery and resilience plans to support investments and reforms in sustainable fisheries and aquaculture.
- €23.5 million during the period 2024-2025 to support Regional Fisheries Management Organisations (RFMOs), Regional Fisheries Bodies (RFBs) and relevant International Agreements in the Atlantic, Pacific, Indian, Arctic and Antarctic Oceans and the Mediterranean and Black Seas.
- €1.5 million to support the implementation of the Port State Measures Agreement (PSMA) to fight against illegal, unreported and unregulated fishing.
Marine protected areas:
- €1.36 million to support the implementation of the Marine Biodiversity of areas Beyond National Jurisdiction (BBNJ) Agreement
- €24 million to protect marine biodiversity and preserve marine ecosystems in the Blue Benguela Current (Southern Africa), Maldives, Suriname and the French Southern and Antarctic Lands
Ocean and climate change:
- €103 million for ocean observation programmes (Copernicus, Wekeo, Neccton) and research to advance ocean models for climate predictions.
Sustainable blue economies:
- up to €130 million under the Recovery and Resilience Facility. It will be used in Italy and Portugal’s recovery and resilience plans to support two investments (2020-2026) in sustainable blue economy.
- €134 million to help African countries develop their blue economy in a sustainable manner. This corresponds to €59 million for Western Africa, €10 million for Mauritania, €35 million for Mozambique, €30 million for Angola.
Marine pollution:
- up to €980 million under the Recovery and Resilience Facility. It will be used in Greece, Spain, Italy, Cyprus and Finland (2020-2026) recovery and resilience plans to support four investments and two reforms to fight against marine pollution.
Maritime security:
- €45 million to enhance maritime security and safety in the Western Indian Ocean and Gulf of Guinea regions in Africa.
Support to the Mediterranean:
- The EU and Sweden commit €7.5 million for the Blue Mediterranean Partnership to support the sustainable development of a blue economy in the Mediterranean region. This is in line with the European Green Deal, the EU’s Agenda for the Mediterranean and the Union for the Mediterranean (UfM) ministerial declaration on sustainable blue economy.
- €2 million for the project supporting the Southern Mediterranean Contracting Parties to the Barcelona Convention in implementing the ecosystem approach to achieve Good Environmental Status (EcAp MED PLUS), from 2024 until 2027.
Related Article: Deutsche Bank Links Management Pay to Decarbonization Goals in Sustainability Push: Deutsche Bank’s 2023 Report
Research:
- Through the EU Mission Restore our Ocean and Waters, €92.3 million are committed to restore our blue planet and ensure a sustainable blue economy.