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Tue, January 21, 2025
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Taxation: Evaluating progress and addressing challenges

How a flood of finance for sustainable seafood could help save the ocean


Published on 2025-01-21 14:40:47 - Reuters
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  • Aquaculture is a leading contributor to the failing health of the ocean. Shrimp ponds in Lombok, Indonesia, have devastated climate-critical mangrove forests and contaminated the groundwater. Seaweed farms in Mindanao,

The article from Reuters discusses the critical role of sustainable finance in addressing ocean conservation, particularly through initiatives like flood finance and sustainable seafood practices. It highlights the increasing frequency and severity of floods due to climate change, which not only devastate coastal communities but also impact marine ecosystems. The piece explores how financial mechanisms, such as blue bonds and insurance products tailored for ocean-related risks, could fund resilience and recovery efforts. Additionally, it delves into the sustainable seafood sector, where investments are being directed towards practices that reduce overfishing, promote aquaculture, and support the recovery of marine species. The article emphasizes the need for a collaborative approach involving governments, financial institutions, and the private sector to channel funds effectively towards ocean health, thereby ensuring food security, economic stability, and environmental sustainability.

Read the Full Reuters Article at:
[ https://www.reuters.com/sustainability/sustainable-finance-reporting/how-flood-finance-sustainable-seafood-could-help-save-ocean-2025-01-21/ ]
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