The China Mail - Money, mining and marine parks: The big issues at UN ocean summit

USD -
AED 3.673104
AFN 64.000368
ALL 81.091764
AMD 369.010403
ANG 1.789884
AOA 918.000367
ARS 1398.000104
AUD 1.3799
AWG 1.8025
AZN 1.70397
BAM 1.662466
BBD 2.013854
BDT 122.689218
BGN 1.668102
BHD 0.377404
BIF 2975
BMD 1
BND 1.267973
BOB 6.9098
BRL 4.914804
BSD 0.999873
BTN 94.420977
BWP 13.425192
BYN 2.825886
BYR 19600
BZD 2.010964
CAD 1.368195
CDF 2315.000362
CHF 0.776504
CLF 0.022628
CLP 890.580396
CNY 6.80075
CNH 6.796155
COP 3749.7
CRC 459.648974
CUC 1
CUP 26.5
CVE 93.718924
CZK 20.630304
DJF 177.720393
DKK 6.34307
DOP 59.467293
DZD 132.257352
EGP 52.72204
ERN 15
ETB 156.137601
EUR 0.848704
FJD 2.183504
FKP 0.734821
GBP 0.733745
GEL 2.680391
GGP 0.734821
GHS 11.264445
GIP 0.734821
GMD 73.000355
GNF 8773.107815
GTQ 7.634866
GYD 209.223551
HKD 7.828495
HNL 26.583478
HRK 6.39504
HTG 130.919848
HUF 300.852504
IDR 17359.5
ILS 2.901304
IMP 0.734821
INR 94.40555
IQD 1309.963492
IRR 1312900.000352
ISK 122.060386
JEP 0.734821
JMD 157.601928
JOD 0.70904
JPY 156.60604
KES 129.150385
KGS 87.420504
KHR 4012.087263
KMF 419.00035
KPW 899.950939
KRW 1462.110383
KWD 0.30769
KYD 0.833358
KZT 462.122307
LAK 21929.626969
LBP 89172.975107
LKR 321.915771
LRD 183.493491
LSL 16.405102
LTL 2.95274
LVL 0.60489
LYD 6.322723
MAD 9.144703
MDL 17.099822
MGA 4176.618078
MKD 52.342393
MMK 2099.606786
MNT 3578.902576
MOP 8.06268
MRU 39.968719
MUR 46.820378
MVR 15.455039
MWK 1733.612706
MXN 17.19605
MYR 3.921039
MZN 63.903729
NAD 16.405102
NGN 1359.450377
NIO 36.794016
NOK 9.20185
NPR 151.087386
NZD 1.67685
OMR 0.384491
PAB 0.999962
PEN 3.457057
PGK 4.415452
PHP 60.502504
PKR 278.66746
PLN 3.593895
PYG 6107.687731
QAR 3.654753
RON 4.430373
RSD 99.623038
RUB 74.203474
RWF 1465.941884
SAR 3.782036
SBD 8.032258
SCR 14.001038
SDG 600.503676
SEK 9.21914
SGD 1.26673
SHP 0.746601
SLE 24.603667
SLL 20969.496166
SOS 571.467429
SRD 37.399038
STD 20697.981008
STN 20.823594
SVC 8.749309
SYP 110.543945
SZL 16.394307
THB 32.207038
TJS 9.329718
TMT 3.51
TND 2.904513
TOP 2.40776
TRY 45.361304
TTD 6.776593
TWD 31.351504
TZS 2598.394038
UAH 43.92104
UGX 3746.547108
UYU 39.879308
UZS 12128.681314
VES 496.20906
VND 26308
VUV 118.026144
WST 2.704092
XAF 557.575577
XAG 0.012388
XAU 0.000212
XCD 2.70255
XCG 1.802048
XDR 0.695511
XOF 557.525817
XPF 101.364158
YER 238.603589
ZAR 16.38082
ZMK 9001.203584
ZMW 19.037864
ZWL 321.999592
  • CMSC

    0.1400

    23.11

    +0.61%

  • CMSD

    0.1140

    23.534

    +0.48%

  • BCE

    -0.4300

    24.14

    -1.78%

  • NGG

    0.9800

    86.89

    +1.13%

  • RBGPF

    0.0000

    63.18

    0%

  • BCC

    -2.0900

    70.67

    -2.96%

  • GSK

    -0.0900

    50.41

    -0.18%

  • RIO

    2.2700

    105.38

    +2.15%

  • BTI

    0.2000

    58.28

    +0.34%

  • RYCEF

    -1.0800

    16.37

    -6.6%

  • JRI

    0.0000

    13.15

    0%

  • RELX

    0.0759

    33.58

    +0.23%

  • BP

    -0.4700

    43.34

    -1.08%

  • AZN

    0.3300

    182.85

    +0.18%

  • VOD

    0.5100

    16.2

    +3.15%

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: © 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."

Y.Parker--ThChM