The fishing industry in New Zealand has cautiously welcomed the government’s signing of a global push to more than double marine protected areas and rebuild global fish stocks, a mission that demands at least NZD 1.2 billion in funding.
The Global Partnership for Oceans was formed in February by the World Bank, which believed healthy oceans were essential to alleviating poverty and food crises.
Environment Minister Amy Adams affirmed New Zealand’s commitment to the partnership at the Rio+20 conference, which wrapped up on Saturday morning (NZ time).
She said there were important domestic imperatives for protecting oceans, such as fishing and tourism.
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