EU Announces €500 Million Ocean Biodiversity Investment

On World Oceans Day 2022, the EU has announced a €500 million investment into its Mission Ocean research programme, under the EU Commission’s funding programme Horizon Europe, and other ocean-related programmes. Mission Ocean aims to restore oceans and waterways by 2030 by funding a network of lighthouses at sea and river basin scale, expanding the networks of marine protected areas and establishing an EU-wide ‘Blue Parks’ initiative to provide new restoration and conservation opportunities. The EU has partnered with 40 countries to form a ‘high ambition coalition’ on the sustainable use and conservation of marine biodiversity and has declared its support for a future UN Treaty of the High Seas. The blue economy is currently estimated to be worth at least 3.5% of global GDP, a value predicted to double by 2030, and more then 350 million jobs worldwide are linked to the ocean. A report released in 2020 by the World Resource Institute suggested that investment in sustainable ocean strategies could generate total benefits of US$10.3-26.5 trillion by 2050.  

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2023 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top