The UK Government has joined other world leaders at the UN Ocean Conference to announce new initiatives to protect the global marine environment, marking a significant step forward in our mission to protect at least 30% of the global ocean by 2030.
The government’s ambitious £500 million Blue Planet Fund, launched at the G7 Leader’s Summit last year, is already supporting developing countries and vulnerable coastal communities around the world adapt to climate change and build sustainable, prosperous coastal economies.
In the latest instalment of the Fund announced today, a record £150 million will be invested in a new global programme, known as COAST, to protect and restore valuable coastal and marine habitats such as corals, mangroves and seagrasses, improve the sustainability and productivity of small-scale fisheries, and help developing countries unlock aquaculture’s potential.
Up to £100 million of Blue Planet funding will also be used to support the implementation, management and enforcement of Marine Protected Areas, which are created to limit potentially damaging activity at sea and support the recovery of key habitats and marine species, and other effective conservation measures in developing countries.
Building on this momentum, the UK has announced it will join the High Level Panel for a Sustainable Ocean Economy, a global initiative which brings together governments, businesses, financial institutions, the science community and civil society to drive the transition to a sustainable ocean economy.
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Posted On: 29/06/2022