EU to Spend 3.5 Billion Euros to Protect Ocean and Promote Sustainability

📆 4/16/2024 7:47 AM
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European Union,Ocean Protection,Sustainability

The European Union will allocate 3.5 billion euros to initiatives aimed at protecting the ocean and promoting sustainability. The commitments include fighting marine pollution, supporting sustainable fisheries, and investing in the blue economy.

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ATHENS, Greece – The European Union will spend 3.5 billion euros to protect the ocean and promote sustainability through a series of initiatives this year, the EU’s top environment official said on Tuesday, April 16. The commitments were announced during the annual “Our Ocean” conference held in Athens this week and attended by about 120 countries.

The commitments include supporting 14 investments and one reform in sustainable fisheries in Cyprus, Greece, Poland, Portugal worth about 1.9 billion euros, and 980 million euros under the EU’s Recovery and Resilience Facility to be used in Cyprus, Finland, Greece, Italy and Spain’s to support four investments and two reforms to fight marine pollution.

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