Source: TH
Context: At the recently concluded 3rd UN Ocean Conference (UNOC3) in Nice, key global initiatives such as One Ocean Finance and the High Ambition Coalition for a Quiet Ocean were launched to accelerate progress on SDG 14 — Life Below Water.
About Major Initiatives Launched at UN Ocean Conference 2025:
- What it is?
- A global finance initiative to mobilise billions in sustainable funding for blue economy sectors and ocean restoration.
- Objective: To unlock new capital flows for industry transition, improve ocean health, and build resilient coastal communities.
- Launched by: A UN multi-agency coalition.
- Nations Involved: Open call for engagement not limited to formal member states.
- Key Features:
- Designed as an inclusive, agile, scalable financing platform.
- Seeks to address the underfunding of SDG 14 (less than $10 billion vs $175 billion needed annually).
- Aims to channel funds through blended finance instruments to de-risk investments.
- Complements existing funds, aligns capital with marine ecosystem protection and community resilience.
High Ambition Coalition for a Quiet Ocean:
- What it is?
- A coalition of nations committed to reducing marine noise pollution and its harmful impacts on marine biodiversity.
- Objective: To tackle underwater noise pollution and enhance ecosystem resilience in global oceans.
- Launched by: Canada and Panama.
- Supported by 35 other nations.
- Key Features:
- Focuses on policy interventions to reduce human-generated noise in oceans.
- Promotes global cooperation to safeguard marine life from the growing impact of industrial activity.
- Builds on scientific recommendations from One Ocean Science Congress.
