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

EUR -
AED 4.18829
AFN 79.786672
ALL 98.228214
AMD 437.536589
ANG 2.041031
AOA 1045.788824
ARS 1346.278084
AUD 1.755342
AWG 2.046293
AZN 1.943285
BAM 1.955964
BBD 2.306593
BDT 139.611675
BGN 1.955964
BHD 0.430736
BIF 3400.884402
BMD 1.140445
BND 1.469323
BOB 7.89366
BRL 6.340197
BSD 1.142396
BTN 97.81318
BWP 15.283278
BYN 3.738513
BYR 22352.729264
BZD 2.294692
CAD 1.561897
CDF 3284.48308
CHF 0.937613
CLF 0.027773
CLP 1062.428846
CNY 8.199175
CNH 8.198291
COP 4698.19289
CRC 582.348699
CUC 1.140445
CUP 30.221802
CVE 110.274222
CZK 24.805136
DJF 203.427012
DKK 7.463474
DOP 67.435639
DZD 150.181759
EGP 56.373714
ERN 17.106681
ETB 155.989545
FJD 2.566919
FKP 0.842834
GBP 0.843026
GEL 3.113861
GGP 0.842834
GHS 11.708979
GIP 0.842834
GMD 80.972027
GNF 9901.828048
GTQ 8.778734
GYD 239.360017
HKD 8.94543
HNL 29.790491
HRK 7.539717
HTG 149.802527
HUF 403.934788
IDR 18607.905823
ILS 3.994256
IMP 0.842834
INR 97.833681
IQD 1496.525148
IRR 48027.010022
ISK 144.118521
JEP 0.842834
JMD 182.445257
JOD 0.808621
JPY 165.222068
KES 147.652348
KGS 99.732386
KHR 4583.383289
KMF 492.106504
KPW 1026.485806
KRW 1551.211421
KWD 0.349
KYD 0.95198
KZT 582.628723
LAK 24663.062467
LBP 102356.359628
LKR 341.748579
LRD 227.899058
LSL 20.283196
LTL 3.367439
LVL 0.689844
LYD 6.22052
MAD 10.454674
MDL 19.688646
MGA 5153.43096
MKD 61.540146
MMK 2394.38643
MNT 4079.124485
MOP 9.232272
MRU 45.363794
MUR 52.016145
MVR 17.568605
MWK 1980.865651
MXN 21.793117
MYR 4.821237
MZN 72.943316
NAD 20.283196
NGN 1778.045998
NIO 42.043516
NOK 11.534241
NPR 156.501088
NZD 1.896633
OMR 0.438506
PAB 1.142396
PEN 4.141646
PGK 4.695393
PHP 63.764016
PKR 322.205645
PLN 4.287859
PYG 9119.762647
QAR 4.166148
RON 5.047958
RSD 117.179799
RUB 89.590292
RWF 1616.935217
SAR 4.284458
SBD 9.519743
SCR 16.762202
SDG 684.841637
SEK 10.99903
SGD 1.46867
SHP 0.896211
SLE 25.717466
SLL 23914.569443
SOS 652.854595
SRD 42.130376
STD 23604.916622
SVC 9.995836
SYP 14827.902431
SZL 20.276696
THB 37.37814
TJS 11.293744
TMT 3.991559
TND 3.388083
TOP 2.671042
TRY 44.726561
TTD 7.730646
TWD 34.136614
TZS 3035.853876
UAH 47.308456
UGX 4135.345821
USD 1.140445
UYU 47.47397
UZS 14596.22062
VES 112.208523
VND 29713.163686
VUV 137.255383
WST 3.133948
XAF 656.011859
XAG 0.031698
XAU 0.000344
XCD 3.082111
XDR 0.815868
XOF 656.011859
XPF 119.331742
YER 277.527795
ZAR 20.280021
ZMK 10265.38096
ZMW 28.302367
ZWL 367.222944
  • CMSD

    -0.0510

    22.184

    -0.23%

  • CMSC

    -0.0700

    22.17

    -0.32%

  • SCS

    -0.0250

    10.35

    -0.24%

  • NGG

    -0.3000

    70.7

    -0.42%

  • GSK

    0.0550

    41.2

    +0.13%

  • RIO

    -0.2000

    59.03

    -0.34%

  • BTI

    0.3200

    47.79

    +0.67%

  • BP

    0.2250

    29.29

    +0.77%

  • RBGPF

    1.0800

    69.04

    +1.56%

  • RYCEF

    0.1300

    12

    +1.08%

  • BCC

    -0.7100

    86.8

    -0.82%

  • RELX

    -0.0900

    53.68

    -0.17%

  • BCE

    -0.0850

    21.78

    -0.39%

  • JRI

    0.1100

    13.08

    +0.84%

  • VOD

    -0.0170

    9.94

    -0.17%

  • AZN

    0.5300

    72.88

    +0.73%

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