Oceans are the lifeblood of the planet and the global economy, World Bank President Robert Zoellick told a conference on ocean conservation in Singapore. Yet the seas have become overexploited, coastlines badly degraded and reefs under threat from pollution and rising temperatures.
“We need a new SOS: Save Our Seas,” Zoellick said in announcing the alliance.
The partnership would bring together countries, scientific centers, non-governmental groups, international organizations, foundations and the private sector, he said.
The World Bank could help guide the effort by bringing together existing global ocean conservation programs and support efforts to mobilize finance and develop market-mechanisms to place a value on the benefits that oceans provide.
Millions of people rely on oceans for jobs and food and that dependence will grow as the world’s population heads for 9 billion people, underscoring the need to better manage the seas.
Zoellick said the alliance was initially committed to mobilizing at least $300 million in finance.
“Working with governments, the scientific community, civil society organizations, and the private sector, we aim to leverage as much as $1.2 billion to support healthy and sustainable oceans.” …
Saving the seas would be a good financial move, yes.