At the end of last week, EU legislators reached an agreement on the expenditure of EUR 6.1 billion (USD 7.4 billion) which is to be allocated to fisheries and aquaculture for 2021 to 2027.
The UK exports most of its seafood catch to EU neighbours and then imports fish for domestic consumption
The European Parliament’s Committee on the Environment (ENVI) has voted to bring more transparency to the European Union fishing industry. These proposals mark progress towards ensuring sustainability in seafood supply and marine ecosystems in the EU.
A proposal to create a blue bond to facilitate a recovery in fish stocks.
To help investors see in practice how a blue bond could help trigger a recovery in fish stocks and generate higher returns for fishing companies, Planet Tracker has created a simple interactive dashboard where users can change the key modelling assumptions.
Deep inside the EU’s seven-year budget and recovery plan, which was approved on Friday 24 July, is a plastics’ waste levy of €800/tonne that comes into force in January 2021, despite the fact that insufficient recycling infrastructure exists throughout the EU.
Last month, the EU Commmission launched two groundbreaking strategies – Farm-to-Fork and EU Biodiviersity – both intended to decrease the natural capital footprint of the EU’s food and agriculture system.
Reported Scope 3 emissions by 12 publicly listed European food retailers account for 44% of total emissions in the European food retail sector in 2018.
The agribusiness sector, with over 5,600 different traded commodities[i] valued at more than $5 trillion annually, contributes 37 percent to global Scope 1, 2 and 3 greenhouse gas (GhG) emissions. According to the OECD, 61 countries – including all EU and OECD countries and ten key emerging economies – disbursed $620 billion between 2015 and 2017 as agriculture subsidies, with 80 percent of this funding going to agriculture producers.
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