After just its first year of operation, the Clean Oceans Initiative has provided more than €700 million long-term financing for projects to reduce and recycle marine litter and waste collected on land - a third of its target of €2 billion in public and private sector projects over 5 years.
The IMF/World Bank Group, the Agence française de Développement (AFD), the European Investment Bank (EIB) and KfW Group (on behalf of the German Federal Government) announced this on 20 October in...