Business Maverick: Landmark UN treaty is poised to curb exploitation of the ocean

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 84%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

An agreement reached on Saturday night on the wording of a historic United Nations treaty to protect marine biodiversity could mark the end of the unregulated exploitation of the ocean, an increasingly urgent concern as climate impacts multiply.

. But the word “biodiversity” does not appear in UNCLOS, nor does the agreement provide any mechanisms to assess the environmental impact of industrial activities on ocean life or provide for its conservation through marine protected areas. The drafting of a high seas biodiversity treaty has been a decades-long effort to resolve those deficiencies.

“Activities on the high seas have a very strong impact on us, our territorial waters,” said negotiator Ismail Zahir, a representative for Samoa and a principal advisor to the Alliance of Small Island States. “The way that we see it, there’s no point in having this treaty unless we acknowledge the fact that the benefits should apply and be shared equitably amongst everyone.”and further talks were held later that year.

The agreed-upon text of the treaty had not been released as of Sunday afternoon, and it was unclear to delegates what compromises had been reached to achieve consensus. “There’s a few little things that we know are probably not as strong as we would have liked from a conservation outcome, but I think it’s a pretty good treaty,” says Fuller of the High Seas Alliance, who has attended every UN session related to a high seas biodiversity treaty since 2004.

After the UN General Assembly approves the treaty, 60 nations must ratify the agreement for it to go into effect. The US has never ratified UNCLOS due to opposition from the Republican Party, but the Biden administration has supported the high seas biodiversity treaty.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What climate change are they talking about? The lied about climate fake ass ridiculous lied about change that's been doing the rounds for hundreds of years? The UN needs to be disbanded as it's not working for the people and is an UN-elected organization.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ESKOM LIVE | Back to Stage 4 overnight on Saturday | BusinessAll the latest news and analysis on load shedding, power and the national grid. Bring back the distinguished Brian Molefe and Koko. They are dripping with expertise and proven track record.
Source: News24 - 🏆 4. / 80 Read more »