The GEF to expand ocean support under new high seas treaty
Created Apr 16 2023, 4:06 PM
by
Vivek Prasad
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The GEF to expand ocean support under new high seas treaty
“The Global Environment Facility is honored to serve this important new convention. We are ready to continue and intensify support for biodiversity protection and ocean health on the high seas.” – GEF CEO Carlos Manuel Rodríguez
PRESS RELEASE March 6, 2023
The Global Environment Facility welcomes the draft agreement reached on Saturday [March 4, 2023] under the UN Convention on the Law of the Sea on the conservation and sustainable use of marine biodiversity in areas beyond national jurisdiction, known as BBNJ.
More than a decade in the making, the BBNJ agreement commits countries to safeguarding life on the high seas through a variety of means including the equitable use of marine genetic resources, area-based management tools such as marine protected areas, environmental impact assessments, and capacity building and the transfer of marine technology.
The draft text, which will be adopted at a resumed intergovernmental conference at a future date, designates the GEF trust fund as part of the financial mechanism for the new convention, alongside a designated special fund and an additional voluntary fund.
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Blog » The GEF to expand ocean support under new high seas treaty
The GEF to expand ocean support under new high seas treaty
The GEF to expand ocean support under new high seas treaty
“The Global Environment Facility is honored to serve this important new convention. We are ready to continue and intensify support for biodiversity protection and ocean health on the high seas.” – GEF CEO Carlos Manuel Rodríguez
PRESS RELEASE March 6, 2023
The Global Environment Facility welcomes the draft agreement reached on Saturday [March 4, 2023] under the UN Convention on the Law of the Sea on the conservation and sustainable use of marine biodiversity in areas beyond national jurisdiction, known as BBNJ.
More than a decade in the making, the BBNJ agreement commits countries to safeguarding life on the high seas through a variety of means including the equitable use of marine genetic resources, area-based management tools such as marine protected areas, environmental impact assessments, and capacity building and the transfer of marine technology.
The draft text, which will be adopted at a resumed intergovernmental conference at a future date, designates the GEF trust fund as part of the financial mechanism for the new convention, alongside a designated special fund and an additional voluntary fund.
Read more