G20 Ministers Recommit to Paris Agreement, Agree on Blue Economy Principles | News | SDG Knowledge Hub | IISDSTORY HIGHLIGHTSIn an outcome docum...
Published on by Water Network Research, Official research team of The Water Network
STORY HIGHLIGHTS
In an outcome document, the ministers express their determination to avoid siloed actions to address environmental crises and challenges and “acknowledge the urgent need to strengthen policies and mobilize financing”.
Annexed to the outcome document are the ‘Chennai High Level Principles for a Sustainable and Resilient Blue/Ocean-based Economy’ that, ministers agreed, “may be implemented by the G20 members on a voluntary basis, based on national circumstances and priorities”.
The Group of 20 (G20) environment and climate ministers “resolve[d] to pursue environmentally sustainable and inclusive economic growth and development” in line with the 2030 Agenda for Sustainable Development, the Paris Agreement on climate change, the Kunming-Montreal Global Biodiversity Framework (GBF), the objective of achieving land degradation neutrality (LDN) by 2030, and commitments to address pollution. They also adopted a set of voluntary principles on sustainable and resilient ocean-based economy.
In an outcome document, the ministers express their determination to avoid siloed actions to address environmental crises and challenges and “acknowledge the urgent need to strengthen policies and mobilize financing.” They further underscore that “eradicating poverty in all its forms and dimensions, including extreme poverty, is indispensable for sustainable and climate resilient development pathways.”
On accelerating climate action, the ministers emphasize the importance of the first Global Stocktake (GST) at the 2023 UN Climate Change Conference (UNFCCC COP 28) to assess collective progress towards achieving the goals of the Paris Agreement.
They underscore the need for “enhancing action and support towards achieving the global goal on adaptation (GGA)” and commit to “work to successfully implement” funding arrangements on loss and damage. Highlighting the continued importance of public, grant-based, and concessional finance to enable climate action, they also call for accelerated, adequate, and additional mobilization of climate finance from Multilateral Development Banks (MDBs), International Financing Institutions (IFIs), the private sector, and other sources.
Attached link
https://sdg.iisd.org/news/g20-ministers-recommit-to-paris-agreement-agree-on-blue-economy-principlesTaxonomy
- Millennium Development Goals (MDG) Sustainable Development Goals (SDG)
- SDG#6