In regards to biodiversity, the goal is to "improve marine biodiversity and support livelihoods by protecting and enhancing marine ecosystems, reducing pressures and increasing resilience, and enabling sustainable and equitable access to, and use of, these resources." For climate change, the Blue Planet Fund sets out to foster resilience, adaptation and mitigation.
It has four objectives: addressing biodiversity, climate change, marine pollution and sustainable seafood. There is a direct relationship between reducing emissions, restoring nature, creating jobs and ensuring long-term economic growth … The G7 has an unprecedented opportunity to drive a global Green Industrial Revolution, with the potential to transform the way we live."Īt the summit, the United Kingdom announced the launch of the Blue Planet Fund, a GBP500 million initiative to support developing countries in protecting their marine environment and coastal regions while simultaneously reducing poverty. UK prime minister Boris Johnson recognized the connection between climate change and biodiversity loss, and the importance of addressing both, when he stated at the Cornwall Summit: "Protecting our planet is the most important thing we as leaders can do for our people. Developing countries are particularly vulnerable to adverse impacts of climate change which makes it paramount for world leaders to be mindful of these countries when tackling the climate crisis. This past year has demonstrated that there are drastic economic repercussions and potential for loss of human life when these situations arise.Īs the climate crisis continues, emissions increase and the environment continues to be degraded, natural disasters and diseases become increasingly likely. The pandemic has brought forward the need to confront concurrent crises including the climate crisis and biodiversity loss, global health crises, refugees, and economic recessions. Building back better recognizes the need to recover from the COVID-19 pandemic and address pre-existing issues within the members' political systems and beyond. In the lead-up to the 2020 Cornwall Summit, G7 members championed the phrase "Build Back Better" as their thematic approach. Dawe: Can the Blue Planet Fund Be Expanded to the G20?įollow Studies > Analysis on the 2021 Cornwall SummitĬan the Blue Planet Fund Be Expanded to the G20?
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