Held in Cornwall in June 2021, the G7 Leaders’ Summit brought together leading democracies to help the world build back better, and greener, from the COVID-19 pandemic. Leaders from Canada, France, Germany, Italy, Japan, the UK and the US have agreed to the shared G7 Nature Compact in response to the global climate emergency, committing to halt and reverse biodiversity loss by 2030, and tackle deforestation, marine litter and the illegal trading of wildlife.
The G7 Nature Compact commits the world leaders to:
- Shift incentives and use all appropriate levers to address unsustainable and illegal activities negatively impacting nature, such as through tackling deforestation by supporting sustainable supply chains, and stepping up efforts to tackle the illegal wildlife trade
- Work to dramatically increase investment in nature from all sources, and to ensure nature is accounted for in economic and financial decision-making – for instance, through drawing on the Dasgupta Review for key actions
- Support and drive the protection, conservation and restoration of ecosystems critical to halt and reverse biodiversity loss and tackle climate change, such as supporting the target to conserve or protect at least 30% of global land and at least 30% of the global ocean by the end of the decade
- Hold themselves to account for taking domestic and global action for nature through driving strengthened accountability and implementation mechanisms of all Multilateral Environmental Agreements to which we are parties
Environment Secretary George Eustice said:
“For the first time, the G7 has committed to halting and reversing the loss of biodiversity in the next decade.
This is a major step forward on the path to CBD COP15 and COP26 and is a sign of the dedication to accelerate action within the G7 – and beyond – to tackle the interdependent crises of climate change and biodiversity loss.
We have seen major progress this weekend and we welcome the collaboration between global leaders to raise our ambition and remain accountable in this critical decade.”
COP26 will take place in Glasgow this November.