Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


CAF is made up of 18 Latin American and Caribbean countries, as well as Spain, Portugal and 13 Latin American private banks

CAF will allocate USD 1,250 million to protect the oceans of Latin America and the Caribbean

Click on the flag for more information about Spain SPAIN
Monday, October 03, 2022, 01:00 (GMT + 9)

The multilateral organization will mobilize its own financial resources to promote the blue economy, preserve the health of the oceans and boost the value chains of fishing and tourism in coastal areas. The announcement is part of CAF's strategy to become the green bank in Latin America and the Caribbean, with which it intends to accelerate climate action and position the region as a leader in the fight against global warming.

CAF -development bank of Latin America- announced that it will allocate USD 1,250 million over the next five years to finance projects that contribute to preserving, revitalizing and promoting marine and coastal ecosystems in Latin America and the Caribbean.

The resources will be used to design and implement projects and programs that promote the blue economy, with an emphasis on the restoration of marine and coastal environments, blue carbon, renewable marine energy, sustainable fisheries and aquaculture, integrated coastal management, nature-based solutions, payment for ecosystem services, ecotourism and improved management of marine protected areas, among others.

Currently, the oceans face serious sustainability problems, mostly caused and accelerated by climate change, such as increasingly acidic and hot waters, rising sea levels and overexploitation of marine stocks. In Latin America and the Caribbean, marine ecosystems show a reduction in the abundance, density and cover of coral and of stocks of fish and marine fauna, changes in plankton and loss of wetland ecosystems.

“This financing reaffirms our commitment to lead the fight against climate change and promote the development of the blue economy in Latin America and the Caribbean. With these resources we will implement innovative solutions that help mitigate the effects of global warming, we will promote the preservation of marine ecosystems and we will contribute to improving the living conditions of the millions of Latin Americans who depend on the seas”, said Sergio Díaz-Granados, CAF Executive President.

The resources to protect the oceans are part of CAF's goal of becoming the green bank in Latin America and the Caribbean. In this sense, during the COP26 in Glasgow, the institution announced a financing of USD 25,000 million in green operations that help increase climate resilience, preserve biodiversity, restore natural ecosystems, promote the energy transition and achieve growth low in gas emissions. greenhouse. In parallel, the institution's green financing will go from 24% in 2020 to 40% in 2026, and all its operations will be aligned with the objectives of the Paris Agreement and with the post-2020 framework for biological diversity.

One of the first projects within this financing is the agreement for the protection of the Marine Corridor of the Eastern Tropical Pacific (CMAR), a region shared by Colombia, Costa Rica, Ecuador and Panama that generates USD 3,000 million annually derived mainly from fishing, tourism and maritime transport. Thanks to a contribution from CAF of USD 1 million, joint strategies will be implemented with the participation of the governments of the four countries, civil society, international cooperation organizations and NGOs. The biodiversity of the Marine Corridor, which includes coral areas, passage of large migratory species, reptiles or numerous sharks, is linked to the cultural and tourist offer of customs, gastronomy and handicrafts.

Situation of the oceans in Latin America and the Caribbean

Latin America and the Caribbean contains one of the most important productive marine areas in the world, with unique biodiversity that represents a significant portion of global marine biodiversity, home to the Mesoamerican Reef System (SAM), the second largest barrier reef in the world. . The region has 18% of global marine ecoregions and has 47 of the 258 marine ecoregions on the planet.

The effects of climate change on the oceans are evident: more than 80% of the oceans experienced at least one marine heat wave in 2020 (45% had strong heat waves, while 28% of cases were moderate) , which is causing the reduction of fish stocks and the death of corals, among other effects. To this must be added the overexploitation of coastal marine resources, including unregulated and undocumented illegal fishing, unplanned urban development in coastal areas, and the dumping of untreated sewage into the sea. The CRFM estimates that in 2019 fishery production in the Caribbean decreased by 40% from its historical minimum recorded ten years ago. For its part, the FAO has classified

Caribbean fish stocks as the weakest in the world, with 55% of commercial fish stocks overexploited or depleted.

The consequences of the poor health of the oceans threaten global food security, the sustainability of the planet and the production and commercial systems themselves. Therefore, it is essential that we promote new international consensus to build more resilient and diversified economies, generate new jobs and prepare the region for the challenges associated with economic recovery in a context of global warming and weakened coastal and marine ecosystems.

<--- FAO Latin American and Europe Areas

In order to position the region as a leader in the fight against global warming, CAF is prioritizing a sustainability agenda that values ​​initiatives with environmental and climate co-benefits for the development of sectors such as water, energy, infrastructure, transport and digitization , among others. In addition, the institution is supporting its member countries to promote the blue economy, promote the energy transition, strengthen the conservation of natural ecosystems and biodiversity, and achieve low growth in greenhouse gas emissions.

The institution also plans to strengthen the mobilization of third-party financing sources, such as the issuance of bonds and green and climate funds, and will promote strategic alliances that allow the coordinated work between governments, civil society, international organizations, NGOs and the sector to be promoted. private. This will help conserve biodiversity, design public policies for adaptation and mitigation, strengthen the capacities of governments and encourage economic growth that respects the environment and is inclusive.

editorial@seafood.media
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Viet Nam
Dec 6, 07:00 (GMT + 9):
Vietnam’s seafood industry: The record of 10 billion USD and challenges ahead
Iceland
Dec 6, 07:00 (GMT + 9):
Regime shift in marine ecosystem off Southeast Greenland
Norway
Dec 6, 07:00 (GMT + 9):
November: 'historic' month for Norwegian salmon
Iran
Dec 6, 06:00 (GMT + 9):
Iran’s shrimp exports to Russia up by 350% this year
South Korea
Dec 6, 05:50 (GMT + 9):
Korea increases imports of British mackerel
China
Dec 6, 03:50 (GMT + 9):
Between the months of January and September of 2022, the People's Republic of China was the largest importer of shrimp in the world
Norway
Dec 6, 01:00 (GMT + 9):
Negative world market situation for Norwegian mackerel and herring
Norway
Dec 5, 21:00 (GMT + 9):
The Norwegian Pelagic Fishing Course in Week 48
Norway
Dec 5, 18:00 (GMT + 9):
Norwegian seafood exports in November totalled U$D 1.47billion
Argentina
Dec 5, 17:00 (GMT + 9):
'It simply means ending the national fishing industry'
United States
Dec 5, 08:00 (GMT + 9):
Expanding Electronic Reporting Across the Pacific
Spain
Dec 5, 07:00 (GMT + 9):
Fish farming in the Region of Murcia recovered pre-pandemic levels in 2021
United States
Dec 5, 06:30 (GMT + 9):
Seafood Industry Leader Tony Lazazzara of Thai Union to Chair Board of the International Seafood Sustainability Foundation (ISSF)
Australia
Dec 5, 06:10 (GMT + 9):
Western Rock Lobster fishery leads way in sustainability with record fifth MSC certification
Japan
Dec 5, 06:00 (GMT + 9):
Volumes and Prices │ Fresh Bluefin tuna │ Tokyo Central Fish Market │ 2021-2022



Lenguaje
FEATURED EVENTS
  
TOP STORIES
FECOP Shows How VR Helps Fight Illegal Fishing in Costa Rica
Costa Rica FECOP organized a training course for approximately thirty officials using virtual reality technologies. The main objective was to raise awareness and training personnel on applying the Fisheries Law...
New stock assessment approach could lead to higher TACs
Denmark The fish stocks in the North East Atlantic are rebuilding and our current method to assess them is not accurate, is the claim made during a recent scientific mini-symposium organised by the MSE-projec...
Carsoe shrimp systems for Canada
Denmark Danish tech company Carsoe has orders for seven shrimp processing systems for coastal trawlers in Canada, with more to come. These initial seven orders are being delivered to members of ACPG, a Canad...
Alexander Panin: 'Russia needs a fish promotion program'
Russia Fed. The solution to the problem lies in the program for the promotion of fish at the state level, the introduction of high-quality and tasty fish dishes in the diet of preschool and school institutions. ...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2022 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER