Marine protected area Current Affairs, GK & News

Marine Protected Area

The Convention on Biological Diversity defines the “Marine and Coastal Protected Area” as follows: Any defined area within or adjacent to the marine environment, together with its overlying water and associated flora, fauna, historical and cultural features, which has been reserved by legislation or other effective means, including custom, with the effect with the effect ..

..Read More

Seychelles launchs world’s first Sovereign Blue Bond

The Republic of Seychelles has launched the world’s first sovereign blue bond – a financial instrument designed to support sustainable marine and fisheries projects. The bond developed with the assistance of the World Bank & was placed to 3 investors: Calvert Impact Capital, Nuveen and Prudential. The blue bond has a US$5m guarantee from the ..


Australia plans to create World’s largest network of protecting marine areas

Australia announced the creation of the world’s largest network of protecting marine areas. It will cover the 1.7 million sq km of Ocean around its coast. Planned network puts limits on oil and gas exploration of Western Australia and extends re-protection in the coral seas to the east. Oil, Natural gas and fishing industry are ..