Leaders of the G7’s major Western economies plan to mobilize billions of dollars to help developing countries tackle climate change on Sunday, mobilizing Western rivals to China’s Belt and Road initiative. Will support.
Joe Biden has called on poor countries to provide new sources of infrastructure funding and has provided a “democratic” alternative to China’s lending, which is seen in the West as a tool to spread Beijing’s influence. It was.
The· G7 summit In Cornwall, allies of Summit organizer Boris Johnson agree on what they call the “Belt and Road” program and help richer countries fund plans to reduce carbon emissions. ..
Johnson wants to focus on supporting the Green Initiative and has been wary of presenting the initiative as an “anti-China” move. British officials say the G7 wants to “show what we are for, not who we are against.”
However, the White House favors a wider package of infrastructure support and clearly states that it wants to provide a new counterweight to China’s influence.
“We have a slightly narrower focus,” said a British official.
On Saturday, G7 leaders met to coordinate China’s strategy. “There was a broad agreement that we should work with Beijing on fighting climate change, competition in areas such as the global supply chain, and competition on issues such as human rights,” one source said in a meeting. It was.
The Build Back Better for the World program allows countries to improve access to financing low-carbon projects such as wind farms and railroads.
The plan aims to increase climate funding from multilateral development banks and the private sector, and has been billed by some officials as the “Green Marshall Plan,” but on a smaller scale.
G7 leaders pledge to increase their contribution to international climate finance to reach the existing goal of mobilizing $ 100 billion annually from rich countries to help poor countries support green growth Expected to do.
However, one source watching the debate said, “There was a lack of details on how this would be achieved.”
A senior US official said on Friday: “Many partners and friends in the United States and around the world have long been skeptical of China’s Belt and Road Initiative.
“We have seen the Chinese government show a lack of transparency, inadequate environmental and labor standards, and a range of approaches that are deteriorating many countries.
“But so far, we haven’t offered a positive alternative that reflects our values, standards, and ways of doing business.”
Environmental groups have criticized the lack of details on how the plan is funded and operated, and some warned that it was just an empty promise.
Climate change is one of the G7 leaders’ key priorities at the summit, but they are struggling to reach a financial agreement. Only Germany, Canada, Japan and Italy are expected to announce new climate funding in Cornwall.
G7 leaders promise to phase out gasoline and diesel vehicles and close all coal plants that do not use emission capture technology as soon as possible. They also promise to protect 30 percent of the Earth’s land and sea by 2030.
With the UK hosting the COP26 Climate Summit in November, this weekend’s summit in Cornwall provides a preview of how the world’s largest industrialized democracy will tackle the climate crisis on the international stage. Expected to do.
Some climate groups weren’t impressed by the fact that the Build Back Better plan seemed vague and weak.
“We don’t yet know the timeline or scale of these announcements. Without them, these are just empty promises,” said Catherine Pettengell, interim director of Climate Action Network UK.
Those familiar with this process said the UK was relatively late in trying to put together a green infrastructure plan. One official watching the G7 deliberations on Saturday said Johnson at one point seemed to confuse the names of the various plans.
Johnson said: “The G7 has unprecedented opportunities to drive the global Green Industrial Revolution and has the potential to transform our lives.”
All G7 countries are committed to reaching zero net carbon emissions by 2050, making climate policy an area of broad consensus. However, differences on issues such as coal and climate fund donations nevertheless made it difficult to negotiate the final language of the leader communiqué.
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The G7 will agree on a “One Belt, One Road” plan to address China’s influence.
Source link The G7 will agree on a “One Belt, One Road” plan to address China’s influence.