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Bloomberg Philanthropies commits $260 million to help close the ocean protection gap
London, U.K. (June 23, 2026)– Today, at the Earthshot Prize Impact Assembly during London Climate Action Week, Bloomberg Philanthropies announced a $260 million commitment to expand the Bloomberg Ocean Initiative, marking a new phase of global ocean conservation focused on implementation, transparency, and establishing protections across the high seas. The investment will help close the gap between ocean protection commitments and action as countries work toward the global goal of protecting 30% of the ocean by 2030. While countries have now committed roughly 10% of the ocean to conservation and protection, many areas still lack effective management, enforcement, and long-term financing. With four years remaining to meet the 30×30 goal, Bloomberg Philanthropies’ investment will help governments strengthen management, accountability, international cooperation, and locally led conservation to ensure protections deliver lasting benefits for people and nature. “Our new commitment marks the next phase of the Bloomberg Ocean Initiative,” said Patricia E. Harris, CEO of Bloomberg Philanthropies. “Over the years, we have made important progress in protecting our ocean, but we still have a long way to go. We look forward to working with partners to not only improve leadership and governance on the issue but also strengthen economies and safeguard the...