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

EUR -
AED 4.174101
AFN 75.014707
ALL 93.659818
AMD 416.186309
AOA 1043.383324
ARS 1701.382878
AUD 1.631908
AWG 2.048691
AZN 1.935652
BAM 1.954327
BBD 2.293382
BDT 140.564053
BHD 0.429082
BIF 3401.381175
BMD 1.136583
BND 1.468912
BOB 12.815341
BRL 5.815781
BSD 1.138647
BTN 109.149731
BWP 15.633354
BYN 3.266424
BYR 22277.03319
BZD 2.290124
CAD 1.605037
CDF 2568.678471
CHF 0.931087
CLF 0.027161
CLP 1068.968346
CNY 7.690234
CNH 7.693129
COP 3643.84068
CRC 518.209411
CUC 1.136583
CUP 30.119458
CVE 110.181953
CZK 24.161372
DJF 202.76806
DKK 7.475223
DOP 66.250066
DZD 151.670121
EGP 57.661603
ERN 17.04875
ETB 182.083249
FJD 2.537653
FKP 0.853163
GBP 0.855432
GEL 2.978122
GGP 0.853163
GHS 13.25401
GIP 0.853163
GMD 84.107184
GNF 9990.777334
GTQ 8.688451
GYD 238.130515
HKD 8.913371
HNL 30.551393
HRK 7.53464
HTG 148.849772
HUF 360.221932
IDR 20566.475284
ILS 3.48323
IMP 0.853163
INR 108.89889
IQD 1488.924157
IRR 1562944.145828
ISK 142.583868
JEP 0.853163
JMD 180.14422
JOD 0.805871
JPY 186.093928
KES 147.312107
KGS 99.393974
KHR 4599.593863
KMF 492.14044
KRW 1661.582213
KWD 0.352773
KYD 0.948876
KZT 541.077415
LAK 25809.31973
LBP 101967.195961
LKR 382.888038
LRD 206.094661
LSL 19.083094
LTL 3.356036
LVL 0.687508
LYD 7.279861
MAD 10.647489
MDL 20.011741
MGA 4898.674156
MKD 61.478662
MMK 2386.301133
MNT 4082.06367
MOP 9.197287
MRU 45.456338
MUR 53.976172
MVR 17.571848
MWK 1973.108647
MXN 19.864634
MYR 4.646375
MZN 72.63927
NAD 19.082945
NGN 1553.527673
NIO 41.763734
NOK 10.993258
NPR 174.63937
NZD 1.971819
OMR 0.437018
PAB 1.138642
PEN 3.868925
PGK 4.995245
PHP 70.062976
PKR 315.811189
PLN 4.323472
PYG 6885.840245
QAR 4.142279
RON 5.23135
RSD 117.396569
RUB 88.654259
RWF 1665.094573
SAR 4.259901
SBD 9.166144
SCR 15.938257
SDG 682.517999
SEK 11.062149
SGD 1.46942
SLE 27.562012
SOS 650.709542
SRD 42.884437
STD 23524.980096
STN 24.891175
SVC 9.963403
SZL 19.077578
THB 38.262507
TJS 10.509878
TMT 3.989407
TND 3.369934
TRY 53.849727
TTD 7.733103
TWD 36.865083
TZS 3000.572078
UAH 51.139305
UGX 4275.77723
USD 1.136583
UYU 45.725535
UZS 13648.092807
VES 843.210697
VND 29928.51214
VUV 135.35381
WST 3.132788
XAF 655.46296
XAG 0.019876
XAU 0.000281
XCD 3.071674
XCG 2.052135
XDR 0.815193
XOF 651.832844
XPF 119.331742
YER 270.677493
ZAR 19.098754
ZMK 10230.618997
ZMW 21.276431
ZWL 365.979367
  • BCC

    0.3800

    78.22

    +0.49%

  • CMSC

    0.0250

    21.75

    +0.11%

  • GSK

    0.6300

    51.98

    +1.21%

  • NGG

    -1.0900

    81.21

    -1.34%

  • RBGPF

    0.0000

    66

    0%

  • RIO

    0.7300

    91.95

    +0.79%

  • BTI

    -0.1400

    60.82

    -0.23%

  • RYCEF

    0.5600

    18.73

    +2.99%

  • BP

    -1.5100

    42.31

    -3.57%

  • BCE

    -0.0600

    21.24

    -0.28%

  • CMSD

    0.0700

    22.05

    +0.32%

  • JRI

    -0.1500

    12.91

    -1.16%

  • AZN

    0.3800

    169.64

    +0.22%

  • RELX

    1.2400

    35.65

    +3.48%

  • VOD

    0.6500

    15.8

    +4.11%

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