45% of the worlds coastline
21% of its exclusive economic zone
80% of global carbon emissions
a Large Portion of the world’s marine biodiversity
It has an undeniably important role in protecting marine ecosystems. Restoring their value and ensuring long-term sustainability of the ocean economy represents a tremendous opportunity to address many of the priorities set out in the G20 agenda. In thisimportant year for action on the ocean and broader sustainable development agenda, the G20 Leaders’ Summit will be a critical moment to foster systemic collaborations aimed at maximizing opportunities presented by the sustainable ocean economy.
Economic growth, jobs, conservation and innovation are all topics at the heart of the G20 agenda –there is a clear opportunity here in finding new solutions for key aspects of the G20 while also addressing critical environmental challenges that are putting at risk our global systems.
The launch meeting for the O20 is tentatively planned for 14 November 2022, when G20 countries, private sector and local communities will come together to formally identify key targets for O20 as a group committed to market transformation around the blue economy on the topics of:
- coastal ecosystem restoration
- sustainable blue and blended finance models
- blue economy and blue carbon
- sustainable blue foods
- marine pollution
The members of the G20 are: Argentina, Australia, Brazil, Canada, China, France,Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union, whose 27 Member States are Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.