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Radio Davos

How the 'Wild Wet West' was won: why the UN High Seas Treaty is big news

Up to now, the vast majority of the world’s ocean was not governed by a global treaty that would protect this vital part of the planet from pollution or over-exploitation - meaning the high seas were something of a Wild West.

But that is all changing. After years of negotiations, member states of the United Nations have agreed the High Seas Treaty, ensuring the protection and sustainable use of marine biodiversity of areas beyond national jurisdictions.

Almost two-thirds of the planet’s surface is ocean and the seas make up 95% of the Earth’s total habitat by volume. But, only 1% of the high seas has, up until now, been under any protection protocol and just 39% of the ocean falls under the national jurisdiction of individual countries.

Kristian Teleki, Director of Ocean Action Agenda and Friends of Ocean Action at the World Economic Forum tells us what is in the treaty and why it’s such a big deal for the planet.

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Podcast transcript

Hosted by:
Robin Pomeroy

Podcast Editor, World Economic Forum

Kristian Teleki

Chief Executive Officer, Fauna & Flora International

Strategic
Intelligence

Ocean

The Ocean is a critically important source of nutritious food, income, inspiration, and stability. The United Nations has estimated that trade in ocean-based goods and services is worth at least $2.5 trillion annually, equal to about 3% of global GDP. However, marine ecosystems face dangers that put this value at risk, like climate change, ocean warming, increased acidification, oxygen depletion, pollution, overfishing, and illegal fishing. Innovative policies, strong business leadership, and disruptive technologies will all be essential to navigate towards a cleaner and safer future.This briefing is based on the views of a wide range of experts from the World Economic Forum’s E...

Strategic
Intelligence
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Topics:
OceanClimate and NatureNature and Biodiversity
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