On November 3, 2026, as part of the Commonwealth Heads of Government Meeting (CHOGM), an event called 'Blue Finance and Innovation' was held. British representative Ed Miliband delivered a speech outlining his country's position on financing ocean resources and environmental sustainability. In his address, Miliband emphasized the United Kingdom's role as a leader in so-called 'blue finance'—investments aimed at preserving marine ecosystems and the sustainable use of ocean resources. He also addressed the topic of attracting private capital for implementing environmental projects, noting the importance of partnership between government and business. Particular attention in the speech was given to issues of climate resilience and the need to develop joint strategies for Commonwealth countries in the face of climate change. Miliband pointed out that cooperation between member states of the organization can contribute to sustainable economic growth while simultaneously protecting the marine environment. The event was part of a broader CHOGM program that brings together leaders and representatives of Commonwealth nations to discuss common challenges, including environmental and economic issues.