Conference. Financial institutions have realized the economic value of the sea

“UA very critical thing in everything that is climate and environmental action is financing” and “international financial institutions and multilateral development banks will be here at the highest level”, revealed Alexandre Leitão in an interview with the Lusa agency about the event that will take place in Lisbon, from the 27th of June to the 1st of July.

There is funding available “in the order of billions, and I’m not confusing billions with billions. I’m really talking about billions”, said the vice-president of the organizing committee of the United Nations Ocean Conference.

This can be confirmed at a conference organized in January in Brest, where this was highlighted by representatives of international financial institutions.

These officials said, according to the representative of Portugal in the organization of the UN conference, that “with the pressure of the markets, shareholders and public opinions for the ‘greening’ of investors’ portfolios” they have reached a situation in which they have “more money than projects”.

At the international conference on oceans, Portugal, which is hosting the event and is co-organising it, together with the UN and Kenya, wants projects and funding to meet.

“We are going to try to create the opportunity for the community that produces ideas, has projects, wants to dare”, from private and public agents, to young entrepreneurs, scientists, “can understand how to mobilize this funding that exists and is in the order of billions “, detailed Alexandre Leitão.

One of the moments for this to happen will be the forum on Sustainable Blue Economy and Investment, integrated in the conference and which takes place on June 28th.

The GDP generated by the economy of the sea in the world is still only 5%, and in Portugal it is also that percentage, recalled Alexandre Leitão, arguing that this makes “little sense” if we think that 71% of the planet’s surface is occupied by sea.

In many countries, and in Portugal even higher than the global average, the GDP generated by the blue economy “has to be a little bigger”, he argues.

“I think that we have conditions here and we will work to do so, and not only through the formal segments of the conference”, said the vice-president of the organizing committee of the conference, stressing that “353 requests for parallel events were submitted”.

Alexandre Leitão added that a total of 8,818 entities are accredited for the conference, which will have the Secretary-General of the United Nations, António Guterres, at the opening and had confirmed, until May 10, the presence of more than 20 heads of state and government. from all continents.

Also Read: UN. Lisbon hosts Ocean Conference that the pandemic postponed

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