The Government of the Republic of Indonesia will host the fifth Our Ocean Conference in Bali on 29 and 30 October 2018. The conference aims to generate commitments and take actions to maintain the sustainability of our oceans. Since 2014, Our Ocean Conference has successfully generated commitments totalling around 18 billion dollars (USD) and 12.4 million square kilometres of marine protected areas.
This 2018 edition will continue to focus on marine protected areas, sustainable fisheries, marine pollution, and climate change-related impacts to the oceans. It will also maintain the crosscutting themes of sustainable blue economy and maritime security, as introduced by the European Union in 2017.
For its second participation, the EIB will be represented by Vice-President Jonathan Taylor who will join political leaders, policymakers, heads of global business, scientists, NGOs and institutions to discuss how to deliver on these commitments.
Side event "Blue Economy Finance Principles: from words to action"
On 29 October 12:30 – 14:00 - Room: Mengwi 3, Bali Nusa Dua Convention Centre
Alongside European Commissioner for Environment, Maritime Affairs and Fisheries Karmenu Vella, President of WWF International Pavan Sukhdev, Executive Director of the United Nations Environment Erik Solheim and Chief Senior Advisor of Truenique Ltd Spyridon Kouvelis, VP Taylor will take part in the side event co-organised with the European Commission, WWF and the World Resources Institute. It will provide stakeholders with an update of the further evolution of the Principles since their initial public unveiling.
At the conference, VP Taylor will report on EIB commitments from Our Ocean Conference 2017, namely:
- Sustainable Ocean Fund
- Caribbean Development Bank Loan
- Loan to Amadéite Group, the world leader in marine biotechnology
The EIB will also highlight its new Clean Oceans initiative in partnership with KfW Group and the Agence Française de Developpement (AFD) to support the development and implementation of sustainable projects that will reduce pollution in the world’s oceans.
As an active supporter of the Paris Climate Agreement, the EIB contributes to addressing important environmental and climate issues such as ocean acidification and warming. The EIB lends around EUR 80 billion every year and commits 25% of these funds to mitigate the effects of climate change.
The EIB stands ready to support projects that foster adaptation, biodiversity and ecosystems, increasing the resilience of oceanic and coastal marine environments.
See here for more information about the Our Ocean Conference.
Please consult the EIB’s Climate and environment page for more information about the EU Bank’s involvement on climate action.