Closing the funding gap for biodiversity conservation is one of the critical topics at COP 16 in October 2024. The funding gap has been estimated at $700 billion in Goal D of the Kunming-Montreal Agreement, based on a report, “Financing Nature”, published in 2020. Taking the example of fisheries and ocean conservation, this article shows the $700 billion figure is based on highly dubious calculations and assumptions. The author argues the funding gap report is not a serious effort to estimate the needs for supporting conservation efforts. Therefore, the $700 billion figure should be rejected by those opposed to the continuing financialisation of conservation.

Andre Standing, senior consultant at CFFA, discusses with researcher Arınç Onat Kılıç, who has recently published a paper exploring the Seychelles Blue Bond, its impact on local fishing communities and the broader implications of private finance for developing the blue economy.

In this article, the author underscores the ecological and social impacts of Norwegian intensive salmon farming, including the impact on food security in West Africa. The author remarks that while on the one hand, the European Union promotes fish for human consumption in Africa, on the other, the EU also opens wide its market gates for Norwegian farmed salmon, which is fed West African fish.

In a joint contribution to an open call for civil society organisations, CFFA and CAOPA raise the alarm about the challenges for small-scale fishers to take part in decision-making processes of international ocean governance and ask for a human-rights-based approach.

This article analyses a series of studies jointly commissioned by CAOPA and CFFA on areas reserved to artisanal fisheries in several African countries. The author sheds light on common challenges for protecting small-scale fishers access and the pressing need for better developing co-management in coastal fisheries, and looks into how can the EU support protection of small-scale fishers’ access to resources.

This article covers TNC’s recent debt-for-ocean swap with Gabon, involving US$500 million worth of debt. In exchange, the Gabonese government has committed to protect up to 30% of the oceans. The author looks in detail at the deal (Part 1) and the conservation commitments (Part 2), explores the problems with this deal in terms of debt justice and of ocean governance, and develops its implications for coastal communities.

The Sub-Committee responsible for providing recommendations to the FAO Committee on Fisheries (COFI) on the technical and economic aspects of the international fish trade is meeting in Bergen (Norway) this week. We take a look at what's at stake for small-scale fisheries in Africa.

The European Parliament is set to give its consent at the end of May to the new Sustainable Fisheries Partnership Agreement (SFPA) between the EU and Mauritius. This article outlines the challenges that Mauritian artisanal fisheries face and highlights the priorities for sectoral support in the future SFPA protocol to support this sector.

It is the last week of the 5th session of the Intergovernmental Conference on Marine Biodiversity of Areas Beyond National Jurisdiction (BBNJ) and there is an expectation that delegates will agree on a series of topics, including area-based management tools. However, Marine Protected Areas in areas beyond national jurisdiction without further measures to reduce capacity might instensify the fishing effort in EEZs, increasing competition with small-scale fisheries.

The FAO Guidelines for Sustainable Aquaculture can be improved by including the considerations of stakeholders that are currently facing the negative impacts of unsustainable aquaculture, and by openly addressing issues like the interactions with small scale fisheries, competing for coastal space and for access to resources like small pelagics in West Africa.

The annual UN General Assembly Resolution on Sustainable Fisheries usually comes out at the end of the year. This article analyses, how, at the end of the International Year of Artisanal Fisheries (IYAFA), the text reflects the key issues for this sector.

Joint statement - In the delivering on 30x30 and financing conservation, debt for nature swaps are gaining momentum. However, debt swaps should be rejected as they lack transparency and give undue power to foreign organisations over the policies of marine resources management of developing and small-island states.

The final declaration fails to appropriately acknowledge the role and importance of the biggest group of users of the ocean, - the artisanal fishers-, while it encourages private-public partnerships, capital market instruments and other forms of financing, that might end up destroying coastal fishing communities.

JOINT PRESS RELEASE: Small-scale fisheries are small in name only. Half a billion people – 7% of the global population – are at least partly dependent on them for food, employment and income. They are the largest group of ocean users, have contributed the least to the ocean emergency, and are among the most affected by it. Yet their needs, roles and rights are often ignored, and they are generally sidelined or excluded from major policy discussions that directly affect their lives and livelihoods.

The strategy of transforming seafood industry through voluntary partnerships and market-based incentives is the approach currently favoured by many environmental NGOs and donors. The case of Mauritania reduction fisheries “Fisheries Improvement Project” highlights the fundamental flaws with the corporate friendly approach and the urgent need to resist this model becoming normalised.

The PESCAO programme for the improvement of fisheries governance in West Africa, financed by the EU from the 11th EDF Regional funds, started in June 2017 and will end in June 2024. After nearly 4 years, an evaluation is underway to assess the results obtained and to see how to improve its implementation, in a context where the countries of the ECOWAS region are focusing on the development of a blue economy strategy.

Efforts to make blue economy sustainable have led to increasing calls for better regulations on investments. The European Commission has provided funding for the United Nations Environment Programme (UNEP) to launch the Blue Economy Finance Initiative (BEFI). The BEFI has been celebrated in international conferences about blue economy, however, this article highlights the inherent weaknesses of voluntary guidelines in mitigating the threats financial investors pose to the destruction of the planet.

This second article of our series on financialisation and the blue economy covers TNC’s recent debt-for-ocean swap in Belize, news about TNC’s “audacious plan” of other debt swaps in other countries, the history of debt swaps and how the recent swaps reflect the financialisaton of conservation and finally, why these debt swaps are worrying for small-scale fisheries.

In view of the summit that will bring together the leaders of the European Union and the African Union in Brussels on 17th and 18th February 2022 and in the context of the International Year of Artisanal Fisheries and Aquaculture (IYAFA), six civil society and professional organisations call the EU and AU to take concrete action in three key areas. Click on the link to read more.

Financialisation is considered to be the fundamental dynamic that contributes to inequalities in the world, while also a threat to democracy because it transfers the ownership and control of so much to a small group of financial investors and institutions, with the only goal of maximising profits.

The Commission’s recently published communication still shies away from acknowledging the threat that other blue economy sector represent for fishing communities, who are by far the most vulnerable in such a competitive environment.

With an EU-Mauritius SFPA Joint Committee planned this spring, and the SFPA protocol expiring in December 2021, CFFA highlights issues for the negotiations of the fisheries partnership agreement renewal.

Ahead of the EU IOG conference from 14 to 16 December, it is essential to recall the role of sustainable fisheries in providing livelihoods in coastal areas and its contribution to food security.

In this declaration on the occasion of World Fisheries Day, CFFA calls on the European Union to integrate the FAO Guidelines for Securing Sustainable Small-scale fisheries into all its policies that have an impact on this sector, particularly in the Blue Economy and Farm to Fork strategies and in its external action.

This position paper explores the false promises of industrial aquaculture, highlights the key sustainability issues of promoting farming of carnivorous fish species, such as salmon, underscores the environmental and social impacts throughout the whole value chain and explains why the EU should stop promoting seafood coming from industrial aquaculture and instead focus on promoting sustainable small-scale and low impact fisheries and aquaculture.

In a public communication, African artisanal fisheries professional organisations warn on the risk of investing in polluting industries for short-term gains as African governments try to kick start their economies in the aftermath of COVID pandemic.