Our Ocean conference commitments worth US $16 billion

At the closing of the Our Ocean conference in Palau the co-hosts announced that 410 commitments were made by various, countries, civil society, and industry valued at $US16.35 billion.

The two-day conference was held in the Pacific region for the first time.

Palau’s president, Surangel Whipps Jr, and US Special Presidential Envoy for Climate, John Kerry, closed the conference. Each of them praised those attending for the commitment to protect the ocean.

“Our goal this week was to shine a light on what is happening to our ocean and to make real commitments about real actions and not just words,” Kerry said.

The Palauan president said that the conference was truly a global event, with over 500 delegates from more than 80 nations.

Delegates at Our Ocean conference listening to US Special Presidential Envoy for Climate, John Kerry

Delegates at Our Ocean conference listening to US Special Presidential Envoy for Climate, John Kerry Photo: Jesse Alpert

The Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs at the Department of State, Monica P. Medina, said that since the launch of the Our Ocean conference in 2014 it has ” generated over 1400 commitments valued at more than $US90 billion, that’s not including the commitments made at the 2022 conference.”

“Over the years, leaders around the world have protected more than 5 million square miles of ocean that’s an area larger than the United States and Palau combined,” she said.

Participants at Our Ocean conference in Palau

Participants at Our Ocean conference in Palau Photo: Jesse Alpert

New Zealand commits US $6 million at Our Ocean conference

The Minister for Pacific Peoples and Associate Minister of Foreign Affairs, Aupito William Sio and FFA Director-General, Dr Manumatavai Tupou-Roosen announced, at the Our Ocean conference, that the New Zealand Government will commit to a US$3.4 million partnership with the Pacific Islands Forum Fisheries Agency (FFA).

Aupito said fishing is a major big asset in the region, for example in Tokelau, 81 percent of its non-aid money comes from fishing.

New Zealand's Minister for Pacific Peoples and Associate Minister of Foreign Affairs, Aupito William Sio

New Zealand’s Minister for Pacific Peoples and Associate Minister of Foreign Affairs, Aupito William Sio Photo: US State Department

He said New Zealand’s financial commitment to the FFA is for 4 years.

Increasing jobs and economic benefits from the Pacific’s offshore fisheries is the focus of the partnership.

New Zealand also committed US$3 million towards climate change assessment. The funds will go to the University of the South Pacific and the University of Canterbury.

The next Our Ocean conference will be in Panama in 2023.

Source: RNZ