Berliner Boersenzeitung - High seas treaty talks fail to reach a deal

EUR -
AED 4.261414
AFN 74.847626
ALL 91.860932
AMD 420.621113
ANG 2.077506
AOA 1065.207702
ARS 1750.68835
AUD 1.617447
AWG 2.090092
AZN 1.977213
BAM 1.954969
BBD 2.333807
BDT 142.989188
BGN 1.956548
BHD 0.436914
BIF 3456.529963
BMD 1.160357
BND 1.469175
BOB 14.425865
BRL 5.942784
BSD 1.158707
BTN 110.658938
BWP 15.610361
BYN 3.519103
BYR 22742.987576
BZD 2.330409
CAD 1.608081
CDF 2676.942886
CHF 0.946838
CLF 0.027681
CLP 1093.009876
CNY 7.783962
CNH 7.782558
COP 3582.776272
CRC 521.978007
CUC 1.160357
CUP 30.749447
CVE 110.218125
CZK 24.254589
DJF 206.342244
DKK 7.477806
DOP 68.200995
DZD 154.700207
EGP 59.51249
ERN 17.405348
ETB 187.040853
FJD 2.582664
FKP 0.858274
GBP 0.857332
GEL 3.021407
GGP 0.858274
GHS 13.279352
GIP 0.858274
GMD 85.290672
GNF 10187.667261
GTQ 8.847237
GYD 242.426898
HKD 9.102537
HNL 31.099773
HRK 7.538725
HTG 151.445591
HUF 363.749008
IDR 20430.397054
ILS 3.517447
IMP 0.858274
INR 110.878451
IQD 1517.954425
IRR 1595026.057673
ISK 139.649353
JEP 0.858274
JMD 183.032158
JOD 0.822739
JPY 178.201797
KES 149.936233
KGS 101.473623
KHR 4699.00155
KMF 493.151923
KPW 1044.321264
KRW 1556.583891
KWD 0.357808
KYD 0.965589
KZT 522.867628
LAK 25924.974301
LBP 103764.469742
LKR 380.93799
LRD 202.194008
LSL 18.710243
LTL 3.426232
LVL 0.701889
LYD 7.328883
MAD 10.828095
MDL 20.08046
MGA 4987.878692
MKD 61.498845
MMK 2436.590155
MNT 4170.546013
MOP 9.359819
MRU 46.593184
MUR 54.502384
MVR 17.927947
MWK 2009.245483
MXN 19.691487
MYR 4.723004
MZN 74.158822
NAD 18.710243
NGN 1539.282968
NIO 42.641865
NOK 10.77786
NPR 177.0547
NZD 1.983685
OMR 0.44629
PAB 1.158707
PEN 3.896743
PGK 5.230775
PHP 72.715486
PKR 321.229583
PLN 4.324823
PYG 6862.081608
QAR 4.223804
RON 5.256187
RSD 117.280122
RUB 97.758424
RWF 1709.173101
SAR 4.358794
SBD 9.297943
SCR 15.981203
SDG 697.958705
SEK 11.251285
SGD 1.470524
SHP 0.858982
SLE 28.487183
SLL 24332.100067
SOS 662.218363
SRD 43.998983
STD 24017.036986
STN 24.489585
SVC 10.138688
SYP 15086.955721
SZL 18.713041
THB 38.344025
TJS 10.718242
TMT 4.072851
TND 3.381862
TOP 2.79386
TRY 55.932437
TTD 7.864655
TWD 36.71821
TZS 3070.594099
UAH 51.613749
UGX 4484.092949
USD 1.160357
UYU 46.640164
UZS 13626.204876
VES 964.775755
VND 30079.341604
VUV 136.986889
WST 3.174772
XAF 655.957
XAG 0.017994
XAU 0.000267
XCD 3.135922
XCG 2.088312
XDR 0.820432
XOF 655.957
XPF 119.331742
YER 275.062932
ZAR 18.706305
ZMK 10444.605168
ZMW 22.363489
ZWL 373.634322
SSP 6555.084378
MXV 2.233452
  • BCC

    0.3900

    75.44

    +0.52%

  • RIO

    0.5700

    99.96

    +0.57%

  • NGG

    0.4800

    76.86

    +0.62%

  • GSK

    0.0100

    48.13

    +0.02%

  • BCE

    0.1400

    23.39

    +0.6%

  • AZN

    0.5300

    160.17

    +0.33%

  • CMSC

    0.0100

    20.45

    +0.05%

  • BTI

    0.3800

    55.24

    +0.69%

  • JRI

    -0.0700

    12.01

    -0.58%

  • CMSD

    -0.0200

    20.32

    -0.1%

  • RELX

    -0.0200

    33.8

    -0.06%

  • VOD

    0.0700

    17.4

    +0.4%

  • RYCEF

    0.4100

    19.54

    +2.1%

  • RBGPF

    0.2800

    68.02

    +0.41%

  • BP

    0.0200

    46.1

    +0.04%

High seas treaty talks fail to reach a deal
High seas treaty talks fail to reach a deal

High seas treaty talks fail to reach a deal

The clock ran out Friday at UN talks to forge a legally binding treaty to protect open oceans beyond national jurisdictions, with no schedule set for prolonging the discussions.

Text size:

This fourth round of negotiations since 2018 -- preceded by a decade of preliminary talks -- was meant to create vast marine reserves to prevent biodiversity loss, oversee industrial-scale fisheries and share out the "genetic resources" of the sea.

"We have not come to the end of our work," said conference president Rena Lee, a diplomate from Singapore, noting that the Covid pandemic had caused major delays.

"I believe that with continued commitment, determination and dedication, we will be able to build bridges and close the remaining gaps," she said at the end of Friday's session.

It now rests with the United Nations General Assembly to give the green light for another round of talks.

"All efforts must be devoted in the coming months to secure this long-awaited treaty in 2022," said Peggy Kalas, president of the High Seas Alliance, a coalition of more than forty major NGOs and the International Union for the Conservation of Nature (IUCN).

A so-called High Ambition Coalition of European Union nations and 13 other countries, including India, Australia, Canada and Britain, have endorsed the same goal.

Some nations and many environmental groups have called for at least 30 percent of the world's oceans to be granted protected status, a target also to be on the table at UN biodiversity talks later this year.

Currently less that one percent of open ocean enjoys that status, according to the High Seas Alliance.

Oceans produce half the oxygen we breathe, regulate the weather and provide humanity's single largest source of protein.

But they are being pushed to the brink by human activities.

- Marine genetic resources -

Carbon dioxide emissions and global warming drive devastating marine heatwaves and acidification.

The UN's climate science advisory body has projected that more than 99 percent of shallow water corals will die if average global temperatures rise more than degrees above preindustrial levels.

"The oceans as a whole are becoming warmer, the salinity levels are increasing. There's less oxygen for marine life," said Liz Karan, an expert with The Pew Charitable Trusts.

Humans have also fished some marine species to the edge of extinction, and used the world's waters as a garbage dump.

Today, a patchwork of agreements and regulatory bodies govern shipping, fishing, and mineral extraction, while the UN Convention on the Law of the Sea, negotiated in the 1970s, lays out rules for how far a nation's zone of influence extends beyond its shores.

But despite two decades of consultations, there is still no treaty protecting international waters beyond national jurisdiction, accounting for about two-thirds of the world's oceans.

Another contentious question is who gets a share of the benefits from the exploitation of what are known as "marine genetic resources".

Poorer countries fear they will be sidelined as wealthier nations scour the seas for the next wonder ingredients for the pharmaceutical, chemical or cosmetic industries, and lock up the spoils in trademarks and patents.

Will McCallum, head of oceans for Greenpeace UK, said wrapping up a deal by the end of this was crucial.

"We're not disappointed to have a 5th session," he told AFP. "But if a deal is not concluded in 2022 the chances of having a solid treaty are practically zero."

"Ministers and heads of state need to step up ahead of the next round of negotiations to ensure we land the strong treaty," he added.

The treaty covers the so-called high seas, which begin beyond national exclusive economic zones that extend 200 nautical miles (370 kilometres) from their shores.

(P.Werner--BBZ)