On 15 July, the World Trade Organization (WTO) held a ministerial meeting on fisheries subsidies, which confirmed the commitment to set the course for a successful outcome on negotiations before the WTO’s Ministerial Conference starting in November 2021.
WTO members edged closer today (15 July) to an agreement which would set new rules for the global fisheries industry and limit government subsidies contributing to unsustainable fishing and the depletion of global fish stocks.
Coastal ecosystems such as mangroves, tidal marshes and seagrasses play a significant role as carbon sinks in the fight against climate change. They sequester and store large quantities of carbon in both the plants and the sediment below. Conservation and restoration of coastal ecosystems has the potential to help mitigate climate change while supporting many countries’ adaptation efforts and contributing to their sustainable development goals.
Marine mammals play a crucial role in marine ecosystem function and climate change resilience by sequestering carbon through the consumption of energy rich plankton and fish. They provide valuable ecosystem services such as ecotourism. Conserving marine mammals provides significant economic, social and cultural benefits to coastal communities.