A coalition of governments, international organizations, civil society groups and private interests are joining together under the banner of a
Global Partnership for Oceans to confront widely-documented problems of over-fishing, marine degradation, and habitat loss.
The alliance was announced by outgoing World Bank President Robert Zoellick at the World Oceans Summit, organized by The Economist, in Singapore on Friday. In his keynote speech Zoellick said as much as USD1.5 billion would be pledged to the ocean protection and management initiative over five years.