The Prague Post - Money, mining and marine parks: The big issues at UN ocean summit

EUR -
AED 4.404592
AFN 77.95771
ALL 96.649845
AMD 450.703033
ANG 2.14692
AOA 1099.79725
ARS 1730.352341
AUD 1.712339
AWG 2.160317
AZN 2.060793
BAM 1.955805
BBD 2.395796
BDT 145.360372
BGN 2.014141
BHD 0.452188
BIF 3523.523714
BMD 1.199343
BND 1.506491
BOB 8.220055
BRL 6.21895
BSD 1.189498
BTN 109.107734
BWP 15.656105
BYN 3.389495
BYR 23507.12421
BZD 2.392396
CAD 1.629218
CDF 2686.528468
CHF 0.918139
CLF 0.026129
CLP 1031.735581
CNY 8.341011
CNH 8.322218
COP 4383.251118
CRC 590.99905
CUC 1.199343
CUP 31.782591
CVE 110.265742
CZK 24.224391
DJF 211.829659
DKK 7.467224
DOP 74.83988
DZD 154.962167
EGP 56.455242
ERN 17.990146
ETB 184.948703
FJD 2.636575
FKP 0.875689
GBP 0.868762
GEL 3.232242
GGP 0.875689
GHS 13.002088
GIP 0.875689
GMD 87.551933
GNF 10433.809689
GTQ 9.127061
GYD 248.871675
HKD 9.356016
HNL 31.39195
HRK 7.533106
HTG 156.0017
HUF 380.07362
IDR 20032.62733
ILS 3.714858
IMP 0.875689
INR 109.951576
IQD 1558.297495
IRR 50522.327094
ISK 145.204438
JEP 0.875689
JMD 186.891258
JOD 0.850282
JPY 183.125291
KES 154.715286
KGS 104.881309
KHR 4783.052132
KMF 494.129028
KPW 1079.432046
KRW 1707.600986
KWD 0.367575
KYD 0.991298
KZT 599.279037
LAK 25630.958795
LBP 106522.928752
LKR 368.329408
LRD 220.060564
LSL 19.07469
LTL 3.541349
LVL 0.72547
LYD 7.507988
MAD 10.802673
MDL 20.055884
MGA 5340.03594
MKD 61.680901
MMK 2518.679665
MNT 4275.819284
MOP 9.558485
MRU 47.521924
MUR 54.07811
MVR 18.541691
MWK 2080.860365
MXN 20.601656
MYR 4.698427
MZN 76.470525
NAD 19.074769
NGN 1679.871938
NIO 43.773397
NOK 11.505118
NPR 174.570719
NZD 1.990436
OMR 0.46116
PAB 1.189508
PEN 3.986977
PGK 5.089395
PHP 70.427832
PKR 333.043041
PLN 4.19911
PYG 7972.987183
QAR 4.324429
RON 5.096852
RSD 117.394062
RUB 91.456378
RWF 1735.51168
SAR 4.497518
SBD 9.687905
SCR 16.672695
SDG 721.390251
SEK 10.560204
SGD 1.511112
SHP 0.899818
SLE 29.135652
SLL 25149.623668
SOS 678.604567
SRD 45.931218
STD 24823.980125
STN 24.501901
SVC 10.407983
SYP 13264.224528
SZL 19.069128
THB 37.135863
TJS 11.110328
TMT 4.197701
TND 3.430023
TOP 2.88773
TRY 52.050051
TTD 8.088987
TWD 37.499913
TZS 3048.399029
UAH 51.061344
UGX 4247.028584
USD 1.199343
UYU 44.570486
UZS 14391.976863
VES 429.935887
VND 31290.860746
VUV 143.618109
WST 3.273359
XAF 655.961415
XAG 0.010424
XAU 0.000228
XCD 3.241285
XCG 2.143797
XDR 0.815805
XOF 655.955945
XPF 119.331742
YER 285.923104
ZAR 19.008628
ZMK 10795.526408
ZMW 23.486962
ZWL 386.18798
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.0000

    82.4

    0%

  • CMSC

    0.0200

    23.8

    +0.08%

  • NGG

    1.7300

    84.31

    +2.05%

  • AZN

    1.3700

    95.6

    +1.43%

  • RELX

    -1.1500

    38.36

    -3%

  • CMSD

    -0.0630

    24.097

    -0.26%

  • BCE

    0.3700

    25.52

    +1.45%

  • BTI

    1.3500

    60.34

    +2.24%

  • RIO

    2.4400

    92.91

    +2.63%

  • GSK

    0.4800

    50.8

    +0.94%

  • BP

    0.8600

    37.62

    +2.29%

  • RYCEF

    0.1500

    17.27

    +0.87%

  • BCC

    -1.6600

    81.74

    -2.03%

  • JRI

    -0.0500

    13.68

    -0.37%

  • VOD

    0.2700

    14.5

    +1.86%

Money, mining and marine parks: The big issues at UN ocean summit
Money, mining and marine parks: The big issues at UN ocean summit / Photo: Frederic DIDES - AFP

Money, mining and marine parks: The big issues at UN ocean summit

France is hosting world leaders this week to confront what the United Nations calls a global "emergency" in the oceans -- but what is expected, and can the summit make a difference?

Text size:

There is pressure on the UN Ocean Conference starting Monday in Nice to show that countries can unite and deliver more than just talk for the world's ailing and neglected seas.

- Plundered parks -

Several countries are expected to announce the creation of new marine conservation zones within their national waters, though how protected they really are will come under scrutiny.

Some countries impose next to no rules on what is forbidden or permitted in marine zones. France and other EU states, for example, allow bottom trawling, a damaging fishing practice, in protected waters.

This means just three percent of oceans are considered truly safe from exploitation, far short of a global target to place 30 percent under conservation by 2030.

- High seas -

Key to achieving this goal is enacting the high seas treaty, a landmark global pact signed in 2023 to protect marine life in the vast open waters beyond national control.

France had pinned success at Nice on delivering the 60 ratifications necessary to bring the treaty into force, saying the conference would be a failure without it.

But it could not get the required number, drumming up roughly half ahead of the summit. Those outstanding will be pushed to explain when they intend to do so.

- Uncharted waters -

France will be leading diplomatic efforts in Nice to rope more countries into supporting a moratorium on deep-sea mining, a contentious practice opposed by 33 nations so far.

Bolstering those numbers would send a rebuke to US President Donald Trump, who wants to allow seabed mining in international waters despite concerns over how little is understood about life at these depths.

But it would also carry weight ahead of a closely watched meeting in July of the International Seabed Authority, which is haggling over global rules to govern the nascent deep-sea mining sector.

- Actions not words -

At the summit's close, nations will adopt a pre-agreed political statement that recognises the crisis facing oceans, and the global need to better protect them.

Critics slammed the language in the eight-page document as weak or -- in the case of fossil fuels -- missing altogether, but others cautioned against reading into it too much.

"The end declaration from here isn't really the only output. It's much more important, actually, what governments commit to, and what they come here to say on an individual basis," said Peter Haugan, policy director at the Institute of Marine Research in Norway.

- Money matters -

The conference is not a COP summit or a UN treaty negotiation, and any decisions made between June 9 and 13 in Nice are voluntary and not legally binding.

But countries will still be expected to put money on the table in Nice to plug a massive shortfall in funding for ocean conservation, said Pauli Merriman at WWF International.

"What we lack -- what we still lack -- is the ambition, the financing and the delivery needed to close the gap," she told reporters.

"It's not enough for governments to show up to Nice with good intentions."

X.Vanek--TPP