World Bank issues SOS for oceans, backs alliance

By | February 27, 2012

The World Bank announced on Friday a global alliance to better manage and protect the world’s oceans, which are under threat from over-fishing, pollution and climate change.

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.” …

via World Bank issues SOS for oceans, backs alliance | Reuters.

Saving the seas would be a good financial move, yes.

One thought on “World Bank issues SOS for oceans, backs alliance

  1. luca lotto

    hi xeno,

    what’s so strange on this? Well, we already know that we got some huge problems with our oceans and hence with the Earth’s health condition.
    May be it’s strange that now even the World Bank pops in …with the totally neglible 300 millions that might be just enough to pay the salaries and equipment for the administration staff of this nice alliance.
    Graham Hancok mentioned in one of his talks that we just should spend the money for one year of our Afghanistan adventures to get the South American rain forest be protected from further harm to it. Well, if this is the case we could do the same for the oceans at least around the U.S. by spending the money for one year of our Iraq stuff.
    (if you’re faster than me with the research would be nice from you to post the real calculation (figures, projects etc.) stuff for Hancok’s claim).

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