Funding
Investors want clear ocean management rules to scale up funding
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A UN push for investment to protect the world’s oceans yielded around $10 billion in deals at a conference last week, way below the estimated annual need as many investors seek clearer regulation on ocean management before committing funds.
While political leaders at the United Nations conference in Nice took steps to tackle overfishing and pollution threatening delicate ecosystems and the people who depend on them, getting countries to agree to better governance has proven tough.
Just 50 countries have so far ratified a new High Seas treaty which…
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