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EU Provides €3.5B for Ocean Protection in European and African Countries, Including Mozambique

EU Provides €3.5B for Ocean Protection in European and African Countries, Including Mozambique

Portugal, Angola and Mozambique will receive funds from the European Union (EU) this year to protect the oceans, as part of the sustainability of fisheries and the blue economy, it was announced today at the “Our Oceans” conference in Athens.
The total amount announced by the EU for ocean protection – 3.5 billion euros – will finance 40 action commitments for 2024, according to a statement from the EU executive.

Portugal will receive up to 1.9 billion euros, which will also be shared with Greece, Spain, Cyprus and Poland in their recovery and resilience plans to support investments and reforms in sustainable fisheries and aquaculture for the 2020-2026 period.

The sustainability of blue economies will be financed in Portugal and Italy with up to 130 million euros, also to be used in the recovery and resilience plans to support investments in this area.

Another 59 million euros will go to West African countries, 35 million euros to Mozambique, 30 million to Angola and ten million to Mauritania.

a d v e r t i s e m e n t

The “Our Ocean” conference is an international effort, launched in 2014 and organised annually by a different government, with the aim of promoting global ocean governance and actions to support marine conservation and sustainable development.

The initiative has since mobilised more than 2,160 commitments worth around 130 billion dollars.

See Also

According to data from Brussels, the oceans and seas cover 71 per cent of the earth’s surface and are affected by global warming, unsustainable practices, illegal fishing, pollution and the loss of marine habitats.

The Conference on our Oceans aims to intensify collective efforts to address these issues. It brings together countries from around the world, civil society and industry to inspire joint solutions and put forward ambitious commitments to protect the oceans.

Lusa

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