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

EUR -
AED 4.290054
AFN 72.42575
ALL 95.503191
AMD 432.173262
ANG 2.090865
AOA 1072.367827
ARS 1654.62964
AUD 1.63286
AWG 2.105602
AZN 1.993611
BAM 1.953427
BBD 2.352323
BDT 143.624334
BGN 1.948604
BHD 0.440759
BIF 3479.259433
BMD 1.168156
BND 1.491276
BOB 8.070164
BRL 5.842069
BSD 1.167872
BTN 110.358022
BWP 15.79568
BYN 3.29517
BYR 22895.862222
BZD 2.348937
CAD 1.597571
CDF 2715.963068
CHF 0.92379
CLF 0.026658
CLP 1048.933841
CNY 7.970505
CNH 7.99225
COP 4228.410171
CRC 531.250231
CUC 1.168156
CUP 30.95614
CVE 110.1303
CZK 24.37504
DJF 207.977405
DKK 7.472824
DOP 69.385135
DZD 154.88931
EGP 61.670358
ERN 17.522344
ETB 182.360337
FJD 2.570875
FKP 0.862058
GBP 0.867479
GEL 3.136506
GGP 0.862058
GHS 12.964199
GIP 0.862058
GMD 85.275208
GNF 10248.46517
GTQ 8.923086
GYD 244.343237
HKD 9.154081
HNL 31.045029
HRK 7.532388
HTG 152.992875
HUF 365.379465
IDR 20190.178748
ILS 3.492201
IMP 0.862058
INR 110.555532
IQD 1529.928754
IRR 1536125.450142
ISK 143.225439
JEP 0.862058
JMD 184.016506
JOD 0.828175
JPY 186.617663
KES 150.93771
KGS 102.131433
KHR 4680.275586
KMF 490.625211
KPW 1051.335721
KRW 1726.015078
KWD 0.359605
KYD 0.97331
KZT 535.335235
LAK 25638.751153
LBP 104645.057227
LKR 372.274673
LRD 214.308798
LSL 19.376201
LTL 3.449262
LVL 0.706606
LYD 7.410999
MAD 10.809879
MDL 20.199294
MGA 4855.082561
MKD 61.579187
MMK 2453.174057
MNT 4201.104491
MOP 9.42731
MRU 46.44819
MUR 54.646713
MVR 18.059189
MWK 2025.123085
MXN 20.39151
MYR 4.616526
MZN 74.635995
NAD 19.376201
NGN 1601.51884
NIO 42.977435
NOK 10.886603
NPR 176.573035
NZD 1.990567
OMR 0.449162
PAB 1.167877
PEN 4.094093
PGK 5.073794
PHP 71.589274
PKR 325.479535
PLN 4.248567
PYG 7321.045677
QAR 4.245743
RON 5.093627
RSD 117.391485
RUB 87.72965
RWF 1707.21192
SAR 4.381491
SBD 9.402002
SCR 16.008867
SDG 701.475152
SEK 10.847207
SGD 1.493026
SHP 0.872147
SLE 28.735721
SLL 24495.647708
SOS 667.483605
SRD 43.648182
STD 24178.475583
STN 24.470071
SVC 10.219501
SYP 129.13882
SZL 19.360321
THB 38.018235
TJS 10.955095
TMT 4.094388
TND 3.405778
TOP 2.81264
TRY 52.630925
TTD 7.941287
TWD 36.873982
TZS 3043.190704
UAH 51.469848
UGX 4344.686043
USD 1.168156
UYU 46.093623
UZS 14049.815763
VES 565.311069
VND 30778.580501
VUV 138.105975
WST 3.186512
XAF 655.155683
XAG 0.016108
XAU 0.000256
XCD 3.157
XCG 2.104826
XDR 0.815044
XOF 655.161285
XPF 119.331742
YER 278.702846
ZAR 19.433985
ZMK 10514.807479
ZMW 22.158992
ZWL 376.145831
  • CMSC

    -0.0900

    22.86

    -0.39%

  • RBGPF

    0.0000

    64

    0%

  • CMSD

    -0.0600

    23.26

    -0.26%

  • RELX

    -0.1400

    36.39

    -0.38%

  • BTI

    -0.7700

    57.32

    -1.34%

  • BCE

    -0.3200

    23.56

    -1.36%

  • RIO

    0.3400

    99.95

    +0.34%

  • NGG

    -0.1900

    87.23

    -0.22%

  • AZN

    -2.2400

    187.51

    -1.19%

  • GSK

    -0.2200

    54.22

    -0.41%

  • BCC

    -0.2900

    83.86

    -0.35%

  • JRI

    -0.0600

    12.83

    -0.47%

  • RYCEF

    0.1000

    15.4

    +0.65%

  • VOD

    -0.1200

    15.51

    -0.77%

  • BP

    -0.2800

    45.97

    -0.61%

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