On 27 June 2022 in Lisbon, Portugal, the United Nations Global Compact, the High-Level Climate Champions, the Ocean and Climate Platform, UNFCCC and the Governments of Portugal, the United Arab Emirates and the United Kingdom, convened chief executives from businesses, financial institutions, NGOs, UN organizations and government representatives for a high-level meeting on the ocean and climate. This meeting focused on the implementation of solutions at the ocean-climate nexus. 

The following document provides background on the ocean-climate nexus, highlights recent developments in ocean-based climate action and outlines the main takeaways from the meeting. This document also lays the foundation for a set of short and mid-term targets, referred to here as Blue Breakthroughs, being developed with the ambition to be presented at COP 27 in Sharm El Sheikh, Egypt.