Â
Even though the group was unable to reach an agreement on critical issues relating to climate mitigation, the two-day G20 Environment and Climate Sustainability Working Group (ECSWG) and Environment and Climate ministers meeting that ended on Friday did adopt a number of "Chennai High-Level Principles" for a sustainable and resilient blue economy, or ocean-based economy.
The approval of nine principles, according to officials at the Environment Ministry, would not only aid in the conservation of ocean biodiversity but will also address the effects of climate change on ocean-based industries in the G20.
Bhupender Yadav, the environment minister, stated in a series of tweets that following the meeting, the principles will "serve as a guiding framework globally to drive the transition to a sustainable and resilient blue economy."
"In a landmark move, the G20 Members approved the 'Chennai High-Level Principles on Sustainable and Resilient Blue/Ocean-based Economy' Outcome Document. It will act as a blueprint for accelerating the shift to a resilient and sustainable blue economy globally, Yadav tweeted.
The term "blue economy" refers to the promotion of the wise use of marine resources for job creation, improved livelihoods, and economic growth while safeguarding the health of marine ecosystems.
