June 14, 2021: The group of seven wealthy democratic parties has concluded its first meeting in two years at a beach resort in south-west England.
G-7 – Leaders from Canada, France, Germany, Italy, Japan, the United Kingdom and the United States have worked together to tackle climate change and improve corporate taxes, from distributing corona virus vaccines to improving corporate taxes. The final agreement from the three-day meeting included a section on challenging China on “non-economic” economic methods and urging Beijing to respect human rights.
Over the next year, presidents and prime ministers pledged to share at least 1 billion vaccine shots with struggling countries, with delivery starting in August. US President Joe Biden promised 500 million doses. Britain and Canada have each pledged 100 million shots, and France has said it will produce 60 million doses. However, the World Health Organization says 11 billion doses are needed to truly eradicate the pandemic. Public health advocates also argue that the promise of vaccines is not enough, and that people in poor countries need money and logistical support to get into their weapons.
Leaders have pledged to end the government’s new support for “immovable international thermal coal power generation” – used to reduce carbon emissions without coal – and to fund coal transfers by the end of the year. Supported. They also pledged to protect at least 30% of their countries’ land and sea areas as part of the global biodiversity goals by 2030.
And they agreed to increase funding for climate change mitigation projects by 2025 and reaffirmed their support for the goal of creating zero carbon emissions by 2050. Leading climate groups say the summit is far from providing meaningful details.
G7 leaders said they would work together to challenge China’s “non-market policies”. They also agreed to respect human rights in Xinjiang, a region far west of Beijing, where Chinese authorities have been accused of serious human rights abuses against Uighurs. Minority, and semi-autonomous city in Hong Kong.
US President Joe Biden wanted to persuade his fellow democratic leaders to compete economically with Beijing and to present a more united front, emphasizing China’s “non-market markets policies and human rights abuses.” The leaders pledged to eliminate forced labor in global supply chains, “including the forced labor of vulnerable groups and minorities under state control.” China was not named in the meeting, but the White House said the language aims at key supply chains in the Xinjiang region.
The G7 leaders approved a global tax of at least 15% on multinational corporations, aimed at preventing businesses from transferring profits and avoiding taxes through the use of tax havens. This agreement supported the G-7 finance ministers’ previously outlined plan.
The leaders agreed on an infrastructure proposal called “Build back Better World,” which calls for hundreds of billions of dollars to be spent in private sector funding to finance green infrastructure projects in poor countries. It is designed to counter China’s multi-trillion-dollar “Belt and Road” initiative, which funds an extensive network of infrastructure that covers large parts of the world, mainly in Asia and Africa.
The leaders said that in the event of a future epidemic, they would like to ensure the availability of safe and effective vaccines, treatments and diagnostic tests within the first 100 days. Patrick Valens, the British government’s chief scientific adviser, said the “100-day mission” report recommended leaders had a quick response to another pandemic, but acknowledged that such a response should be global. And countries that do not belong to the G-7 must be included.
The leaders said that Covid 19 has promoted fundamental inequalities and created an educational crisis, especially for girls. She supported the goal of enrolling 40 million more girls in poor countries by 2026, and pledged a combined $2.75 billion over the next five years for the Global Partnership for Education.
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