Investors want clear ocean management rules to scale up funding

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London: At a conference last week, a United Nations received $ 10 billion worth of deals at a conference to protect the world’s oceans, which are less than an annual estimation of estimates, as many investors look for clear rules on the management of the Ocean before committing funds.

Although political leaders at the UN conference in Nice have taken steps to tackle fishing and pollution with more fishing and pollution with the critical ecosystem and those who rely on them, but it has been difficult for countries to agree on better governance.

Only 50 countries have so far endorsed a new HiC agreement, which has imposed rules in 2023 to rule international waters and control harmful ways by more than 130 countries. The US President Donald Trump, who is out of various climate measures, is still among those who endorse the deal.

Oliver Veders, head of British lending Standard Chartered nature, said clearly the lack of governing framework and the lack of strong sea -related data has stopped the private sector’s finance.

He said, “The main dynamic that does not apply to the Pradesh is the high sea does not belong to any one person.” “This is an important challenge, no one is responsible for the high seas.”

Of the deals found in France, the bulk came from public sector banks, which includes the Development Bank of Latin America and the Caribbean (CAF) and 3 billion euros ($ 3.5 billion) to fight $ 2.5 billion from a group of development banks to fight plastic pollution.

Taking a step, the total data is much less than the need. Between 2015 and 2019, only $ 10 billion was invested against the UN estimates, which is $ 175 billion in the required annual funding.

“Public finance is not enough, but private finance is even less than that,” said Deputy Director Francoin Pickup, Deputy Director of Policy and Program Support in the UN Development Program.

Pickup said improving policy backgrounds and regulations, including eliminating subsidies, which said that harmful ways such as overfishing have been encouraged, after which a pipeline of investment, including startups focused on Ocean -related technology, has been created.

To date, the sector has received only a small piece of funds overall, which has shown joint data with Reuters through the industry tracker site line climate.

“What we seek as investors is that governments and policy makers removed systematic risks,” said Robert Alexander Poojad, the BNP Perbas Asset administration.

To fix the shortage of funding, policy makers and investors also need a concrete effort to tackle over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -over -line. A warming planet is warming the oceans, scientists of water acidity and coral say if the world improves carbon emissions.

Scientists, marine experts, marine experts and investors say the ships are more fishing and pollution plane ships, digging of sea health and possibly, deep maritime mining that collectively damage marine health, scientists and investors are also needed.

Although the process has been slow so far, there were signs of development in Ness, as more than 20 countries supported the call through France to prevent deep maritime mining. And several fresh marine safe areas were formed.

“In a sense, the sea is the last area that we are doing without thinking about tomorrow,” said Flavin Jober, the Minister of Agriculture and Environment.