Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home » EU commits EUR 816.5m to protect oceans

    EU commits EUR 816.5m to protect oceans

    npsBy nps2 March 2023 No Comments3 Mins Read
    — Filed under: Environment EU Funding EU News Headline1
    Share
    Facebook Twitter LinkedIn Pinterest Email
    EU commits EUR 816.5m to protect oceans

    Ocean – Photo by Ricardo Esquivel on Pexels

    (PANAMA) – The EU confirmed Thursday strong engagement for international ocean governance by announcing 39 commitments for action for the year 2023 funded to the tune of EUR 816.5 million.

    At the ‘Our Ocean’ Conference, attended by oceans and environment Commissioner Virginijus Sinkevicius, the EU is taking commitments for action covering all themes of this event: Marine Protected Areas (MPAs), marine pollution, climate change, sustainable fisheries, sustainable blue economies, and maritime security. In addition to the commitments, the EU is also today joining the Illegal, Unreported and Unregulated (IUU) Fishing Action Alliance.

    The theme of the 2023 edition is ‘Our Ocean, Our Connection’, which calls for new commitments and joint efforts worldwide in support of a secure, clean and sustainably managed ocean. In support of these objectives, the EU’s new commitments announced include, for example:

    • Around €320 million for ocean research to protect marine biodiversity and address the impacts of climate change on the ocean. For example this will help develop the Digital Twin of the Ocean and implement the All-Atlantic Ocean Research and Innovation Alliance. This will support the objectives of the EU Mission ‘Restore our Ocean and Waters by 2030’ which has set ambitious targets by 2030: cleaning marine and fresh waters, restoring degraded ecosystems and habitats, and decarbonising the blue economy.
    • €12 million to facilitate the access to Copernicus data and products through a Copernicus Regional Centre for Latin America and the Caribbean operated by Panama. This Centre will facilitate timely access to all Copernicus sentinel data for policy implementation, sustainable development and science.
    • The EU will also renew its satellite constellation with the launch of Sentinel-1C for a value of €250 million euros. Sentinel-1C will be instrumental to continue the real time observation of icebergs and ice melting over the Arctic in order to monitor the effect of climate change.
    • €126 million to protect biodiversity and fight climate change in Benin, Guyana, and Tanzania.
    • €24 million during the period 2022-2023 through voluntary contributions under the European Maritime, Fisheries, and Aquaculture Fund (EMFAF) for actions to support Regional Fisheries Management Organisations (RFMOs), Regional Fisheries Bodies (RFBs) and relevant International Agreements in the Atlantic, Pacific, Indian, Arctic and Antarctic Oceans and the Mediterranean and Black Seas. The actions will include support to: scientific research to underpin science-based management decisions; improved monitoring of fishing activities and compliance with RFMOs rules; the fight against IUU fishing; evaluation of RMFOs’ status through Performance Reviews; as well as to ensuring the effective participation of developing Coastal States in the RFMOs.
    • €1 million to the WTO funding mechanism on fisheries subsidies. The objective is to support developing countries, through technical assistance and capacity building for the implementation of the disciplines under the WTO agreement on harmful fisheries subsidies.

    Full list of EU commitments

    Commission website on international ocean governance

    Our Ocean Conference 2023

    Add A Comment
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    Danish presidency decorations - Photo © European Union 2025

    New Danish EU presidency aims to deliver on security and competitiveness

    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Eurozone investor sentiment remains upbeat – Euro currency news daily

    Van driver - Photo by Kampus Production on Pexels

    Risk Management Strategies for Your Delivery Business

    Accessibility - Photo by RDNE Stock project on Pexels

    EU accessibility act into force for key digital products

    Christophe Hansen - Photo © European Union 2025

    EU agrees new trade deal with Ukraine

    Space satellites - Photo by Kevin Stadnyk on Unsplash

    EU cuts red tape in space

    LATEST EU NEWS
    Danish presidency decorations - Photo © European Union 2025

    New Danish EU presidency aims to deliver on security and competitiveness

    1 July 2025
    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Eurozone investor sentiment remains upbeat – Euro currency news daily

    1 July 2025
    Accessibility - Photo by RDNE Stock project on Pexels

    EU accessibility act into force for key digital products

    30 June 2025
    Christophe Hansen - Photo © European Union 2025

    EU agrees new trade deal with Ukraine

    30 June 2025
    Space satellites - Photo by Kevin Stadnyk on Unsplash

    EU cuts red tape in space

    30 June 2025

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Terms
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025

    Design and developed by : 

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?