Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Greece to spend 780 million euros to protect marine biodiversity, PM says

2024 04 15T111938Z 1 LYNXNPEK3E0CC RTROPTP 4 GREECE ENVIRONMENT - Global Banking | Finance

Greece to spend 780 million euros to protect marine biodiversity, PM says

ATHENS (Reuters) – Greece is pushing ahead with 21 initiatives worth 780 million euros ($830.9 million) to protect marine biodiversity and tackle coastal pollution, Prime Minister Kyriakos Mitsotakis said on Monday ahead of an international conference.

Greece, which includes thousands of islands and which has the longest Mediterranean coastline of any littoral state, said last week it plans to create two marine parks, one in the Ionian Sea and one in the Aegean Sea, as part of the initiatives.

“Quietly but methodically, Greece is playing a leading role in the defence against dramatic climate changes, which are proven to affect every region and every activity,” Mitsotakis said in an article published in Kathimerini newspaper.

Greece plans to present its national strategy on marine biodiversity protection at the “Our Ocean” conference, which Athens will host this year and which will be attended by dozens of countries.

The European Union’s Copernicus Climate Change Service said last month that ocean temperatures hit a record high in February, in a dataset that goes back to 1979. Overfishing and plastic pollution are also major threats to oceans.

Plastics entering the world’s oceans could nearly triple by 2040 if no further action is taken, research has shown.

The Greek marine parks, whose boundaries will be defined after scientific research by early 2025, will cover 32% of Greece’s waters, Mitsotakis said.

The plan for a marine park in the Aegean Sea has irritated neighbouring Turkey, which said last week that it was not willing to accept a possible “fait accompli on geographical features whose status is disputed”. In response, Greece accused Turkey of “politicising a purely environmental issue”.

NATO allies Greece and Turkey have long been at odds over a range of issues including maritime boundaries and claims over their continental shelves in the Mediterranean.

Mitsotakis said other initiatives underway include campaigns to curb plastic pollution, setting up a monitoring system for protected marine areas because fishing practices that damage the seabed will be prohibited, and constructing charging stations at 12 ports for electric vessels.

Protecting the sea, he said, is one of the four pillars of Greece’s strategy against climate change.

($1 = 0.9387 euros)

 

(Reporting by Renee Maltezou; Editing by Gareth Jones)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post