London says the G7 must ensure the global environmental recovery after the pandemic

This content was posted on May 28, 2021 – 20:10
28. May 2021 – 20:10

(AFP)

The United Kingdom said Friday (28) that the Group of Seven, a group of the seven largest economies on the planet, must act for “global economic and environmental recovery” from the novel coronavirus pandemic.

The summit of heads of state and government is expected to be held within two weeks.

British Finance Minister Rishi Sunak made the call at the end of a hypothetical meeting with his counterparts and central bank governors from Canada, France, Germany, Italy, Japan and the United States.

The G7 finance ministers, who preside over the United Kingdom this year, are due to meet in London from June 4-5, close to the June 11-13 summit date in southwest England.

“I look forward to holding a meeting next week to continue working together to support employment and ensure a global economic and environmental recovery,” he said.

Sunak, whose country will also host the UN Climate Summit in November, CUP 26, called on the Group of Seven “to ensure that combating climate change is a priority in economic and financial policy.”

Sunak said that the group of the world’s richest countries had an “important role” in “leading the global economy, which suffered in the next stages of economic recovery” after the global health crisis.

Roughly speaking, G7 ministers have met in recent months due to coronavirus restrictions.

However, next week’s finance ministers ‘meeting in London will be in person, as was the foreign ministers’ meeting two weeks ago.

The ministers will be accompanied by representatives of the European Commission, the World Bank, the International Monetary Fund, and the Organization for Economic Cooperation and Development.

The Group of Seven agreed a week ago to end government funding for coal-fired power plants by the end of this year, in addition to “decarbonizing” the electricity supply in the 1930s.

The June summit will be the first since Joe Biden assumed the presidency of the United States. The global response to Coronavirus and climate change should be the main topic of the meeting.