Marine Environment: Finance

(asked on 20th April 2021) - View Source

Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, if the Government will sign up to the UN Environment Programme's Sustainable Blue Economy Finance Principles.


Answered by
Rebecca Pow Portrait
Rebecca Pow
Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)
This question was answered on 27th April 2021

The Government recognises the serious and increasing threats currently facing the ocean, and the disproportionate impact this has on the world’s poorest. That is why our manifesto committed to a £500 million Blue Planet Fund to help eligible countries reduce poverty and sustainably manage the ocean.

Beyond public investment, the Government recognises the importance of mobilising private finance to help tackle this issue. Though we have no immediate plans to sign up, we welcome the UN Environment Programme’s work to progress this agenda, including through the Sustainable Blue Economy Finance Principles.

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