Riches in World’s Oceans Estimated at Staggering 24 Trillion Dollars

The untapped riches in the world’s oceans are estimated at nearly 24 trillion dollars – the size of the world’s leading economies, according to a new report released Thursday by the World Wide Fund for Nature (WWF).

Marine Resources in High Seas Should be Shared Equitably

After almost 10 years of often frustrating negotiations, the U.N. ad hoc committee on BBNJ decided, by consensus, to set in motion a process that will result in work commencing on a legally binding international instrument on the conservation and sustainable use, including benefit sharing, of Biological Diversity Beyond Areas of National Jurisdiction.

Caribbean Fears Loss of “Keystone Species” to Climate Change

A marine biologist has cautioned that the mass deaths of starfish along the United States west coast in recent months could also occur in the Caribbean region because of climate change, threatening the vital fishing sector.

Pacific Island Wakes Up to Threat of Oil Spills

Coral reefs and marine ecosystems in the Milne Bay Province of the Pacific Island nation of Papua New Guinea are at serious risk of long-term environmental damage. The reason: an oil spill from a ship that ran aground on a reef on Kwaiawata Island on Christmas Eve, and authorities’ long delay in mobilising an appropriate response to the accident.