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Economic Times
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Investors want clear ocean management rules to scale up funding
- A UN push for investment in ocean protection yielded $10 billion in deals at a recent conference, falling short of the needed $175 billion annually.
- Investors seek clearer regulations on ocean management before committing funds as the lack of a governing framework and data has hindered private sector finance.
- Only 50 countries have ratified the new High Seas treaty to govern international waters, while the US has yet to ratify it.
- Public sector banks contributed significantly to the deals, with funding aimed at fighting plastic pollution and other ocean-related issues.
- Private investment in ocean protection is still in its infancy, with challenges in policy backdrop, regulation, and funding shortfalls.
- Ocean tech received only 0.4% of the total investments between 2020 and 2025, indicating a need for more focus and financing in the sector.
- Policymakers and investors need to address systemic risks such as overfishing, pollution, and climate change to protect marine biodiversity and ocean health.
- Efforts to curb effects like water acidification and coral bleaching necessitate cutting carbon emissions and stricter policy actions against damaging practices.
- Recent progress includes countries supporting calls to prevent deep-sea mining and the creation of new Marine Protected Areas.
- The ocean, long neglected, requires concerted efforts to address the threats it faces and create sustainable practices for the future.
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