FxAllNews
null
advert
main970 2

ForexTime joins forces with UN Patron of the Oceans for The Long Swim

23 October 2018 04:53 PM BDT
ForexTime joins forces with UN Patron of the Oceans for The Long Swim

Fast-forward to 2050, and we’ll be living in a technology-clad smart world. Researchers predict that over the next 30 years, driverless cars will represent 90% of global car shares and the average person will possess around 25 smart, internet-connected devices. The hottest (and coldest) holiday destination might well be the moon and Artificial Intelligence will be commonplace in the home. On top of all that, there’s the possibility of personal flying machines, city-based virtual reality spaces, neurotechnologies controlled by thought and…an ocean full of plastic.

That’s according to figures realised at the start of this year. Without drastic action, plastic consumption will surpass 200 million tons in Asia alone by 2025, and the total mass of plastic is set to outweigh that of fish in oceans by 2050. That’s not all. It’s estimated that by 2050, 6 million people will die every year from air pollution-related complications and more than half the world’s population will live in water-stressed areas. FXTM’s staff writer Natasha Keary examines the current state of our seas and looks at ways to potentially quell the crisis.

What’s it like now?

This month, the UN celebrated World Environment Day 2018 by publishing a report announcing the 50 nations currently fighting the growing plastic problem. From banning plastic bags to cracking down on Styrofoam, these nations are taking steps to reduce their plastic pollution. Some have recently announced deadlines for eliminating unnecessary plastic waste entirely – the UK has recently vowed to be plastic waste-free by 2042, and India recently made a historic pledge to eliminate all single-use plastic by 2022. 

It may not be enough. Every minute, one refuse truck’s worth of plastic is dumped into the ocean - this plastic will take up to 1,000 years to fully disintegrate. Ocean acidity is growing due to carbon dioxide being absorbed by the seas, threatening coral reefs and the myriad marine life they support. Pollution is actively decreasing the pH of the ocean, causing the calcium-based shells of many sea creatures to literally dissolve in the acidic waters. Targets for plastic elimination set far in the future may come too late to salvage the oceans and its ecosystems.

Our oceans currently provide a wealth of resources and support livelihoods. Oceans cover three quarters of the Earth’s surface, and serve as the world’s largest source of protein. More than 3 billion people depend on the seas for their livelihoods, and marine resources hold a global market value of around $3 trillion. The seas host 200,000 identified species, and biologists predict that there are a huge 800,000 left to discover.

FXTM’s The Long Swim

What can we do to save the seas? It’s time to take responsibility for the world’s waters before it’s too late. The danger facing oceans and their marine life is growing, but many nations have been slow to impose limits on plastic production or industrial pollution.

The Long Swim joins a series of initiatives currently in place to raise awareness and protect the oceans. Alongside campaigns like the UN’s Clean Seas initiative, The Long Swim aims to persuade nations to have 30% of the world’s oceans designated as fully protected marine reserves by 2030 as part of a global Action for Oceans campaign.

How? By setting a new world record! Endurance swimmer and UN Patron of the Oceans, Lewis Pugh, will be completing the world’s first ever swim of the English Channel. That’s a huge 560-kilometre, seven-week swim between Land’s End and Dover.

The Long Swim is sponsored by award-winning, global broker FXTM. Together, FXTM and Lewis Pugh are working together to protect the seas and their marine life. Supporters can follow the swim on Sky News between the 11th of July and the 29th of August, and keep up to date with the #FXTMGoesBlue hashtag.

FXTM’s CEO, Nicholas Defteras, comments: “It’s never too late to make a difference, and that’s why FXTM is extremely proud to announce its partnership with renowned activist Lewis Pugh. We have always taken corporate social responsibility very seriously, and are honoured to contribute to this essential cause as lead supporters of Lewis’ Long Swim.”

Despite the novelty of private flying machines (this writer’s personal preference), the future would look so much better with clean, healthy and protected oceans.

Find out more about The Long Swim at www.forextime.com.

 

Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.

Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.

NOTES TO EDITORS

The FXTM brand provides international brokerage services and gives access to the global currency markets, offering trading in forex, precious metals, Share CFDs, ETF CFDs and CFDs on Commodity Futures. Trading is available via the MT4 and MT5 platforms with spreads starting from just 1.3 on Standard trading accounts and from 0.1 on ECN trading accounts. Bespoke trading support and services are provided based on each client’s needs and ambitions - from novices, to experienced traders and institutional investors. ForexTime Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 185/12, licensed by the SA FSB with FSP number 46614, authorised and regulated by the  Financial Conduct Authority in the UK under reference number 777911. FT Global Limited is regulated by the International Financial Services Commission (IFSC) with license numbers IFSC/60/345/TS and IFSC/60/345/APM.

Add Your Comment
Broker NordFX Turns MT5 into Unique cryptocurrency Exchange
Broker NordFX Turns MT5 into Unique cryptocurrency Exchange
Alexis Webster joins ForexTime as Chief Commercial Officer
Alexis Webster joins ForexTime as Chief Commercial Officer
ForexTime joins forces with UN Patron of the Oceans for The Long Swim
ForexTime joins forces with UN Patron of the Oceans for The Long Swim
NordFX launched new investing Service RAMM: Low Risk, High Reward
RAMM (Risk Allocation Management Model) is a brand new and unrivalled investment model based on modern risk management principles. It incorporates the best features of PAMM accounts and signal auto-copying services, whilst also possessing a number of distinct advantages and aspects.
NordFX An All-In-One Traditional Forex Broker and Crypto-Exchange
NordFX An All-In-One Traditional Forex Broker and Crypto-Exchange
Launches New Risk Management Trading System (RAMM) from NordFX
NordFX Forex Broker retail investment and multi-asset trading announced the launch of its risk allocation management model RAMM services platform today. NordFX Clients, it is NordFX pleasure to inform you about the launch of RAMM services, a unique trading and investment platform that allows you to control acceptable risk levels.
NordFX named Best News and Analysis Provider by FXDailyinfo.com
NordFX named Best News and Analysis Provider by FXDailyinfo.com. NordFX broker has once again been recognised for the high quality of its services.
Forex Broker HotForex Launches Copy Trading Service (HFcopy)
Award-winning forex broker HotForex has rolled out HFcopy, a trading solution which allows anyone interested to copy trading strategies provided by selected traders.
trade.io Partners with Civic to Provide Identity Verification via the Blockchain
trade.io Partners with Civic to Provide Identity Verification via the Blockchain
ForexTime (FXTM) Invest now available on the ECN Zero Account
ForexTime (FXTM) Invest now available on the ECN Zero Account
Grand Capital Broker keeps expanding into the African region
Grand Capital Broker keeps expanding into the African region
Grand Capital Binary options trading app is available for Android
Binary options trading app is available for Android