Ocean Action Hub

[SDG Target 14.4] By 2020, effectively regulate harvesting and end overfishing, illegal, unreported and unregulated (IUU) fishing and destructive fishing practices... more

[SDG Target 14.6] By 2020, prohibit certain forms of fisheries subsidies which contribute to overcapacity and overfishing, and eliminate subsidies that contribute to IUU fishing... more


Fisheries and aquaculture contribute US$100 billion per year and about 260 million jobs to the global economy (UNDP, 2012). Women comprise 47 percent of the total workforce dependent on commercial capture fisheries for their livelihoods, including the post-harvest sector (World Bank, 2012).

Global wild fish catch has been flat at around 80-85 million metric tonnes per year since the late 1980’s; the additional global demand since then has largely been made up by the rapid growth in aquaculture which now supplies about half of annual global consumption of fish protein.

About 30% of global fish stocks are considered overexploited, 60% fully exploited, and only 10% underexploited (FAO, 2010). 20% of fish stocks are subject to illegal, unreported and unregulated (IUU) fishing, valued at $23 billion per year. Destructive fisheries subsidies that support unsustainable practices, total about $16 billion per year. World Bank/FAO estimate that the economic loss due to overfishing is now $83 billion per year (World Bank, 2017).


As SIDS work to sustainably rebuild their economies following the COVID-19 pandemic, it is more important than ever to highlight the opportunities of the ocean for resilient low-carbon gr


Oceans have always inspired and nurtured us. Their vastness has challenged our thinking and our ingenuity. They have made us sailors, navigators, explorers and scientists.


The United Nations General Assembly has declared 2022 the International Year of Artisanal Fisheries and Aquaculture (IYAFA 2022). FAO is the lead agency for celebrating the year in collaboration with other relevant organizations and bodies of the United Nations system.

Event Date:
01/01/2022 - 08:45 to 31/12/2022 - 08:45

The December 2021 Edition of the GEF IW Portfolio News features the following ocean-related stories from around the globe:


The November 2021 Edition of the GEF IW Portfolio News features the following ocean-related stories from around the globe:


On 15 July, the World Trade Organization (WTO) held a ministerial meeting on fisheries subsidies, which confirmed the commitment to set the course for a successful outcome on negotiations before the WTO’s Ministerial Conference starting in November 2021.


WTO members edged closer today (15 July) to an agreement which would set new rules for the global fisheries industry and limit government subsidies contributing to unsustainable fishing and the depletion of global fish stocks.


G7 leaders recently announced that “our world must not only become net zero, but also nature positive, for the benefit of both people and the planet.”

Nature positive is a disruptive idea and it is a new business model based on regeneration, resilience and recirculation – not destruction and pollution.


Policymakers and experts call on UNCTAD to play a leading role in research, finance and technical assistance to conserve and sustainably use the ocean, seas and marine resources.


Story highlights

  • Much of the ocean is fished by multinational corporations and their subsidiaries and suppliers. Questions remain over their sense of stewardship
  • A team of scientists, industry experts and civil society representatives analysed the sustainable seafood movement of the past 50 years
  • They identified four dimensions in which efforts by actors within the seafood industry have aligned with theoretical concepts of stewardship

The President of the United Nations General Assembly (UNGA), Volkan Bozkır, convened this one-day High-level Event on the Ocean, four years after the 2017 UN Ocean Conference, to drum up momentum by enabling a review of progress and actions required in the lead up to the Second UN Ocean Conference to conven in Lisbon, Portugal, in 2022.