5 reasons why the G20 needs a sustainable blue economy
A blue economy can spur economic growth, create jobs and mitigate some of the most severe climate impacts if we protect it and use its resources sustainably.
As Founder and Chairman, Dr Andrew Forrest has led Fortescue Metals Group (Fortescue) from inception to a US$60 billion listed natural resources company that’s invested US$40+ billion developing some of the world’s most efficient infrastructure. In 2021, Fortescue announced its commitment to become zero-emissions by 2030, and created Fortescue Future Industries (FFI), a developer, financier, and operator of a global portfolio of renewable energy resources to produce green energy at a scale equal to the oil and gas super-majors.
FFI is leading the green industrial revolution, developing technology solutions for hard-to-decarbonise industries, while building a global portfolio of renewable green hydrogen and green ammonia projects to produce 15 million tonnes per year of green hydrogen by 2030, rising to 50 million tonnes per year in the decade thereafter.
In 2001, Andrew co-founded Minderoo Foundation with his wife Nicola, and to date they’ve donated more than US$1.8 billion supporting 300+ initiatives addressing modern slavery, ocean health, cancer, indigenous disparity, childhood development, artificial intelligence, disaster resilience, and plastic waste.
Dr Forrest’s commercial business, Tattarang, is backing new renewable green energy projects including WindLab wind power and SunCable solar power and expanding sustainable and carbon-neutral practices within agri-food business Harvest Road.
Dr Forrest has a PhD in Marine Ecology from the University of Western Australia, and serves as an IUCN Patron of Nature, a World Economic Forum Friend of Ocean Action, and a member of the United Nations Environment Program’s Scientific Advisory Committee on the Assessment on Marine Litter and Microplastics.
Dr. Forrest is Co-Chair of the Australia-China Senior Business Leaders’ Forum, Global Patron of the Centre for Humanitarian Dialogue, and served as a Councillor of the Global Citizen Commission charged by the United Nations in 2016 to modernise the 1948 Universal Declaration of Human Rights.
In 2017, Dr Forrest was appointed an Officer of the Order of Australia (AO) for distinguished service to philanthropy, mining, employment, and sustainable foreign investment.