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3 Pressures on the ocean, including plastic waste, acidification, tourism, pollution from shipping, and overfishing are all increasing. Recent research shows that the investment benefits of ocean protection schemes, more sustainable shipping and other ocean dependent industries can be five times higher than the costs involved.
In his Fireside Chat, Vincent Clerc, whose purview includes Maersk’s 750 cargo ships, offered an appropriately nautical metaphor for the current moment. Disruptions are similar to “waves that you see on the surface of the ocean.
Stronger wording might have been possible, but this was a big step in the right direction,” said Remco Fischer, Climate Lead, UN Environment Programme Finance Initiative (UNEP FI). That’s something that the markets and the investors need to navigate,” says UNEP FI’s Fischer. C in realistic reach.
The root of the problem is that its very hard to understand what goes on in ships, especially with fleets that are coming from China, says Zeynep Baris. Approximately US$22.2 billion of the total US$35.4 billion in global fisheries subsidies in 2018 were capacity-enhancing which contributes to overfishing.
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