Financing Our Ocean Commons: Operationalizing BBNJ Financial Mechanism

Angelique Pouponneau & Torsten Thiele, IISD

Financing Our Ocean Commons: Operationalizing BBNJ Financial Mechanism
Ty Tomlinson, Unsplash

Coupled with the international commitment to Target 3 of the Kunming-Montreal Global Biodiversity Framework (GBF), for the first time, we have a comprehensive legal framework to conserve and sustainably manage the vast marine biodiversity in areas beyond national jurisdiction – the high seas and deep seabed that cover nearly two-thirds of the world’s ocean.

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