Litter in the seas is a major global environmental problem. In connection with the Ocean Conference in New York, Sweden is joining the Clean Seas Campaign, a global UN Environment initiative to reduce marine litter. Sweden will also provide financial support to UN Environment’s work on the issue.
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The World Bank’s Board of Executive Directors today approved US$27.2 million in financing to the Republic of Moldova for the Climate Adaptation Project, which will help Moldovans to protect their farms, forests and pastures from climate change in specific zones, and strengthen national disaster management systems.
The Asian Development Bank (ADB) approved a $2 million grant to finance relief efforts in the country following the recent floods and landslides that claimed the lives of over 200 people and damaged the homes and livelihoods of hundreds of thousands more.
Uganda joins the rest of the world today to mark World Environment day, designated by the United Nations to be on June 5 to enlighten countries on the importance of everyone preserving and enhancing the environment.
Every year, the ocean economy has an estimated turnover of between US$3 and 6 trillion. This includes employment, ecosystem services provided by the ocean, and cultural services. It is also estimated that fisheries and aquaculture contribute $US100 billion per year and about 260 million jobs to the global economy.