By Kate Abnett and Simon Jessop

BRUSSELS (Reuters) -The Development Bank of Latin America and the Caribbean (CAF) will double to $2.5 billion its investments in protecting the oceans and supporting sustainable marine economic activities, it said on Saturday.

The bank has already exceeded its existing oceans funding commitment, of $1.25 billion over 2022-2026, with investments including strengthening marine protected areas and supporting small-scale fisheries.

The extra $2.5 billion, which will be rolled out over 2025-2030, will target areas including low-carbon maritime transport, restoration of damaged ocean ecosystems and sustainable tourism, the bank said.

It comes on top of the $1.3 billion CAF invested in oceans over the last three years.

“This commitment reflects our transformat

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