-
Kenya's economy faces climate change risks: World Bank
-
Russia adds Telegram founder Durov to 'terrorist' blacklist
-
MEXC Ventures Supports Alpha Arena's APAC Debut at Coinfest Bali
-
Stocks diverge on earnings, as oil steadies
-
AI data centre supplier Zhongji InnoLight slips on Hong Kong debut
-
Eurozone economy grows despite Middle East war
-
May, June heatwaves caused 2,877 extra deaths in England: govt
-
Singapore group will develop 'most promising' Ebola vaccine
-
BMW profit down a third as carmaker plans job cuts
-
Shell profit surges as Mideast war fuels oil prices
-
Seoul extends losses as most Asian markets drop, oil rises again
-
Car maker Stellantis says back in profit in second quarter
-
Gambling.com Group Is Now Grandstand
-
Samsung quarterly operating profit up 1,800% on AI boom
-
Meet the astronomer digging into the Milky Way's 'fossils'
-
South Korean stocks bounce after rout, oil holds gains on Mideast woes
-
AI data centre supplier Zhongji InnoLight falls on Hong Kong debut
-
South Korea's women web sleuths fight AI deepfake porn
-
Samsung operating profit up 1,800% in second quarter on AI boom
-
Anything but programmable: New cost-efficient EC-power-supply-series for the DIN rail by CAMTEC PS
-
Japanese population below 120 million for first time in decades
-
Meta misses profit expectations, sticks to massive AI spending
-
US actor Jared Leto denies latest accusations of sexual assault
-
Campari - king of the spritz - hopes to conquer American heartland
-
Danube drops to 'historic lows' as fresh heatwave hits
-
Air France-KLM and Lufthansa bid for Portugal's TAP airline
-
BTS pulls out of Grammys after Asian pop category introduction
-
Profits soar at Airbus as it delivers more planes
-
OpenAI says rogue AI agent attack hit other companies
-
Rheinmetall shares surge after armsmaker reports record profit
-
How an AFP beach snap became emblem of Europe's wildfire summer
-
FIFA hit by furious backlash over plans to sell stake in competitions
-
TRX Spot and Perpetuals Listing Launches on Backpack, Expanding Access to the TRON Ecosystem
-
MEXC Integrates World-Check to Fortify Institutional Grade Compliance Architecture
-
Nepal's tiger numbers climb 20 percent to estimated 429: survey
-
Spain returns wildfire evacuees as France braces for worsening weather
-
FIFA's plans to sell $4.2bn stake in its tournaments widely criticised
-
Russia seeks arrest of Telegram chief Durov
-
BMW aims to cut 8,000 jobs by end 2027: company source
-
South Korean stocks plunge as tech rout deepens, oil rises
-
On London streets, homeless wary at PM's vow to end rough sleeping
-
UBS says second-quarter net profit up 17% to $2.8 billion
-
South Korean stocks collapse amid Asian tech rout
-
Crude jumps on fresh Mideast flare-up, tech rout deepens
-
Japan coral protectors race to save reefs from heat 'bomb'
-
SK hynix posts 1,200% net profit boost on AI chip boom
-
Senate advances sweeping Russia sanctions bill
-
US government bans humanoid robots manufactured abroad
-
AI glasses help propel EssilorLuxottica sales growth
-
GSJJ Launches ESG-Certified Custom Challenge Coins and Pin Badges
International treaty protecting world's oceans to take effect
A multinational treaty to protect vast expanses of the world's oceans is finally set to become law in January 2026, with environmentalists hailing its enactment Friday as crucial to safeguarding the marine ecosystems.
The move by Morocco and Sierra Leone to join the UN treaty on the high seas clinched the threshold of at least 60 ratifications needed to enact it as international law.
The law aims to protect biodiverse areas in waters worldwide that lie in waters beyond countries' exclusive economic zones.
Teeming with plant and animal life, the oceans are responsible for creating half of the globe's oxygen supply and are vital to combatting climate change, conservationists say.
But those same waters are threatened by pollution and overfishing. They also face growing challenges from deep-sea mining, with an emerging industry plumbing previously untouched seabeds for commodities including nickel, cobalt and copper.
"Covering more than two-thirds of the ocean, the agreement sets binding rules to conserve and sustainably use marine biodiversity" United Nations Secretary-General Antonio Guterres said.
The law aims to protect international waters that make up around 60 percent of the oceans. Until now, only one percent of high seas waters have had such legal safeguards.
The agreement will take effect in 120 days. However, Lisa Speer, who oversees the International Oceans Program at the US-based Natural Resources Defense Council, said it won't be before late 2028 or 2029 that the first protected areas are set up.
- Valuable, fragile marine areas -
Environmentalists say marine ecosystems in the high seas must be protected because they are sources of oxygen and limit global warming by absorbing a significant portion of carbon dioxide emitted through human activities.
Once the treaty becomes law, a decision-making body will have to work with a patchwork of regional and global organizations already overseeing different aspects of the oceans.
These include regional fisheries bodies and the International Seabed Authority -- the forum where nations are jousting over proposed rules on the environmentally destructive deep-sea mining industry.
No licenses have been issued yet for commercial mining in high seas waters but some countries have launched or are preparing to launch exploration in waters within their own exclusive economic zones.
The treaty also establishes principles for sharing the benefits of so-called marine genetic resources collected in international waters -- a sticking point in the drawn-out negotiations.
Developing countries, which often lack money for research expeditions, have fought for benefit-sharing rights. They hope not to be left behind in what many see as a huge future market for genetic resources coveted by pharmaceutical and cosmetic companies.
- Towards 'global ratification'-
As of mid-September, 143 countries had joined the treaty and ocean conservationists are pressing for more to ratify.
"It's really important that we move towards global or universal ratification for the treaty to be as effective as possible," said Rebecca Hubbard, who heads the High Seas Alliance coalition, urging small island states, developing countries and even landlocked countries to join.
Such efforts may encounter push-back from sprawling maritime and industrial powers such as Russia under President Vladimir Putin and the United States under President Donald Trump.
Moscow, which has neither signed nor ratified the treaty, deemed some of its elements as unacceptable. Washington signed off on the treaty under then-president Joe Biden but the second Trump administration is unlikely to ratify it.
M.P.Jacobs--CPN