The G7 has been established to adopt a ‘green belt and a way’ to deal with China
Leading Western G7 economic leaders on Sunday will return to China’s western enemy “belt and road”, preparing billions to help developing countries cope with climate change.
Joe Biden has been at the forefront of calling for poor countries a new economic source, and paving the way for a “democratic” approach to Chinese debt, which is seen in the West as a tool to spread Beijing’s power.
The program of G7 Summit In Cornwall acknowledging what Boris Johnson’s allies, who are part of the conference, call the “green belt and roads” system, rich countries are donating money that reduces emissions.
Johnson wants to focus more on supporting green approaches and has warned against portraying the work as “anti-China”. British officials say they want the G7 to “show who we are, not who we are against”.
But the White House favors the entire infrastructure-assisted package and makes it clear that it intends to provide anti-China powers.
“We see a little bit,” said a British official.
On Saturday G7 leaders negotiated to align with China’s approach. “There was a great deal of cooperation with Beijing on issues such as the fight against climate change, globalization as a weapon and conflict over issues such as human rights,” a senior official said in a statement.
The “Back to the Worldwide Plan” program gives countries the opportunity to raise funds to support low-carbon projects such as wind farms and railways.
The plan seeks to boost climate funding from multinationalized banks and private institutions, and has been dubbed the “Green Marshall Plan” by some officials, but only slightly.
G7 leaders are expected to commit themselves to boosting their global financial contributions to meet the already targeted $ 100bn annual revenue from rich countries, to help poorer countries support natural growth.
However, an official who oversaw the discussion said: “It was a very brief summary of how this would help.”
A senior US official said on Friday: “The United States and many of our friends and colleagues around the world have been skeptical of the China Belt and Road Initiative.
“We have seen the Chinese government show a clear lack of transparency, environmental degradation and poor performance, as well as measures that have left many countries deteriorating.
“But so far, we have not come up with a better way to express our ideas, our values, and the way we do business.”
Environmental groups criticized the lack of detail on how the system could work and work, prompting some to warn that it was just a false promise.
Climate change is one of the key issues for G7 leaders at the summit, but leaders are struggling to agree on economic issues. Only Germany, Canada, Japan and Italy are expected to announce the new seasonal currency in Cornwall.
G7 leaders have pledged to eliminate cars and diesel vehicles, closing down all coal-fired power stations. He also promises to protect 30% of the world’s land and seas by 2030.
As the UK holds a COP26 climate summit in November, this week’s conference in Cornwall is expected to provide a glimpse of how the world’s most advanced democracies have addressed the challenges of climate change around the world.
Several climate groups were not happy, saying the Build Back Better system looked vague and weak.
“We still do not know the exact time or amount of the announcement, and without this, it is only a promise,” said Catherine Pettengell, longtime director of Climate Action Network UK.
Those familiar with the process say the UK was too late in trying to make its green plans. One G7 consultant on Saturday said Johnson sometimes seemed to be mixing up different names.
Johnson said: “The G7 has an unparalleled opportunity to revolutionize the global green economy, the potential for change in the way we live.”
All G7 countries are committed to producing zero-zero emissions by 2050, making climate issues a cohesive part. But differences in issues such as coal and climate finance have led to tensions over the final language of the leaders.
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