Ocean Action Hub

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Our Ocean conference 2018 closes in Bali with more than 260 commitments pledged, including on MPAs

30 Oct 2018 - The EU made 23 new commitments, representing €300 million for the blue economy; climate change impacts; marine pollution; marine protection and sustainable fisheries.

30 Oct 2018 - The European Union makes 23 new commitments to the Our Ocean 2018 conference. These commitments represent around EUR 300 million and cover all six themes of the Our Ocean conference: Blue economy; climate change impacts; marine pollution; marine protection and sustainable fisheries. In addition, several EU Member States have their own commitments. They add up to the 35 commitments made by the EU in 2017.

Together, these commitments prove that healthy, safe and clean oceans are, and will remain, a priority for the European Union. 

In terms of MPAs, the EU announced:

  • A project worth EUR 7 million to protect marine ecosystems and to promote exchange of knowledge on the effective management of MPAs between Atlantic and South East Asia Regions.
  • The launch of a new version of the Digital Observatory for Protected Areas (DOPA) Explorer, a global information system providing data on the world's terrestrial, marine and coastal protected areas from the IUCN and the EU.
  • Financing of a regional support programme for the sustainable management of natural resources in Pacific Overseas Countries and Territories. 

CONTINUE READING ONLINE HERE: http://europa.eu/rapid/press-release_MEMO-18-6210_es.htm

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World’s first global framework to finance a sustainable ocean economy launched today

29 Oct 2018 - Developed by the EU, WWF, WRI and EIB, these principles are intended to become the gold standard to invest in the “blue economy” in a sustainable way.

29 Oct 2018 - Launched at the Our Ocean conference, these principles are set to become the gold standard to invest in the “blue economy” in a sustainable way.

The Sustainable Blue Economy Finance Principles were developed by the European Commission, WWF, World Resources Institute (WRI), and the European Investment Bank (EIB). Started as a commitment by a dozen financial institutions and key stakeholders just a year ago, they are now set to become the gold standard to invest in the ocean economy—the “blue economy”—in a sustainable way.

Bringing sustainability into the boardrooms

Ocean ecosystems are under enormous pressure. With growth of the blue economy expected to double over the next decade, action is urgently needed to reverse this trend. Sustainable finance is a powerful solution. By engaging investors, insurers and banks, the Sustainable Blue Economy Finance Principles bring sustainability into the boardrooms of all ocean-based industries, from shipping, fisheries and tourism, to aquaculture, energy and biotechnology. 

To put the principles into practice, an IT-based tool is being developed to help investment managers assess whether their investment decisions are verifiably sustainable. The organisations behind the principles are convinced that this will show in practice how profitability can go hand-in-hand with environmental and social stewardship, and how UN Sustainable Development Goal 14 to “conserve and sustainably use the oceans, seas and marine resources” can be achieved. 

Broad international endorsement

The Sustainable Blue Economy Finance Principles will become part of a new sustainable blue economy finance initiative under the auspices of the UN Environment Finance Initiative (UNEP FI), which joins the European Commission, WWF, WRI and the EIB as a founding partner. The initiative, anticipated for 2019, will receive initial support from the European Commission.  

The principles are endorsed by the major international sustainable finance initiatives, including UN Environment’s Principles for Sustainable Insurance Initiative (PSI) and the World Bank.

A growing number of financial institutions and stakeholders have already endorsed the initiative, including Alimentos Ventures, Aloe Private Equity, Althelia Ecosphere, Bonafide Ltd., Boston Common Asset Management, Fishing Accelerator, Greenbackers Investment Capital, the International Capital Market Association, Investas – Association luxembourgeoise des investisseurs privés, Mermaid Investments, Ocean Assets Institute, the Ocean Data Alliance, Pure Salmon, The Nature Conservancy, Rockefeller Asset Management, SeaAhead, SKY - Ocean Rescue Fund and 8F Asset Management.  

With the new UN Environment-hosted sustainable blue economy finance initiative planned for 2019, it is expected that many more institutions will come on board. Meanwhile, interested organisations can consult "Sustainable Blue Economy Finance Principles".

What the founding partners say about the initiative

Pavan Sukhdev, President of WWF International, said, ““Without the valuable guidance that these principles provide, there is a real risk that poorly-directed investments could lead to unsustainable marine and coastal development, further eroding the health of ocean ecosystems and the resource base on which our future well-being depends. We are delighted that by signing on to these Principles a growing number of progressive institutions and companies are now demonstrating their commitment to healthy oceans and a sustainable blue economy.”

CONTINUE READING ONLINE HERE: https://ec.europa.eu/maritimeaffairs/press/pioneering-global-framework-sustainable-ocean-finance-launched-our-ocean-global-summit_en 

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Our Ocean 2017 Commitments

The 2017 edition of the Our Ocean Conference – An Ocean for Life - builds on these results to take our shared ambition further.

Commitments made at this year's conference – 5-6 October 2017 in Malta – are available at: https://ourocean2017.org/sites/default/files/ooc-2017-list-of-commitment...

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Opening of the "Our Ocean, an Ocean for Life" conference 2017

The Ocean is the blue heart of our planet … This video opened the 4th International #OurOcean conference (Malta, 5-6 October 2

The Ocean is the blue heart of our planet … This video opened the 4th International #OurOcean conference (Malta, 5-6 October 2017). During this high-level event, global leaders announced new commitments on: marine pollution, marine protected areas, maritime security, sustainable blue economy, sustainable fisheries and climate change.

Visit: http://www.ourocean2017.org/

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My Ocean is #OurOcean

After the United States of America and Chile, the European Union is proud to host the 4th edition of the "Our Ocean" conference, at the initiative of High Representative of the EU for Foreign Affai

rs and Security Policy Federica Mogherini and European Commissioner for Environment, Maritime Affairs and Fisheries Karmenu Vella. 

On 5-6 October 2017, global leaders are invited in Malta to commit to new actions to ensure sustainable fisheries, to mitigate climate change impacts, to announce new marine protected areas and to fight marine pollution: http://www.ourocean2017.org/

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"Message to my grandchildren, my Ocean is #OurOcean, Karmenu Vella"

On 5-6 October 2017, global leaders are invited in Malta for the 4th "Our Ocean" conference. Now more than ever there is an urgent need to come together.

Future generations deserve our best efforts. The world's ocean community will renew commitments in the fight against climate change. They will take new actions to ensure maritime security, sustainable fisheries and blue economy. They will announce new marine protected areas and measures in the fight against marine pollution.

After the United States of America and Chile, the European Union is proud to host the 4th edition of the "Our Ocean" conference, at the initiative of High Representative of the EU for Foreign Affairs and Security Policy Federica Mogherini and European Commissioner for Environment, Maritime Affairs and Fisheries Karmenu Vella.

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