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Bloomberg Donates $260 Million to Ensure New High Seas Treaty Translates to Lasting Ocean Protections

Bloomberg Philanthropies has identified a funding shortfall in the implementation of many countries’ ocean protection plans, and has attempted to fill it with a quarter-billion dollar donation.

The aim writ small is to translate the paper gains for ocean conservation and management secured with the passage of the UN’s new High Seas Treaty into real gains by helping to cover the cost of management and enforcement for small island nations that lack these resources.

The updated High Seas Treaty has been under negotiation for over 2 decades. Its passage secured major gains for the potential protection of critical ocean habitats.

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