Global S&T Development Trend Analysis Platform of Resources and Environment
G7 Finance Ministerial – E3G reacts | |
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2021-06-05 | |
出版年 | 2021 |
国家 | 欧洲 |
领域 | 气候变化 |
英文摘要 | FOR IMMEDIATE RELEASE – LONDON, 5 JUNE
StoryThe G7 is the main political opportunity this year to relaunch global coordination between major powers, and to build global solidarity around tackling the three interconnected global challenges of health, climate and economic recovery. Today, G7 Finance ministers agreed to a number of solidarity measures for developing countries, but they are not concrete enough to be transformative. The collective reaffirmation to provide US$100 billion per year to developing countries in climate finance is positive. So is the commitment to increase individual contributions through to 2025. Actual numbers would have been welcome, but Finance ministers left this to their Leaders. Urging Paris-alignment of Multilateral Development Banks (MDBs) is a good step forward, as is the commitment to ensuring MDBs can make best use of their resources. But G7 Finance ministers fell short of calling for an actual increase in their financial firepower and setting a date by when Paris-alignment must be achieved Ministers called for the implementation of a new general allocation of Special Drawing Rights (SDRs) by the end of August 2021, but the matter of SDR reallocation remains open. By calling on the implementation of mandatory disclosure requirements on climate-related risks (based on the TCFD framework), G7 Finance ministers took a positive step to channel private investment in the right direction. Recognising the need to work on globally consistent sustainability standards is also good progress. It is especially positive that the G7 discussed and recognised the work that has already been done in this area by many standard setters. The starkest gap pertains to green recovery at home. G7 Finance ministers recognised the need to build back better, but failed to say how they would achieve this. Calling on continued fiscal support falls short. Coordinating and agreeing to, common and ambitious standards for domestic fiscal support and recovery efforts is an economic and political imperative. Some progress was made today, but bolder and more concrete action was needed. The pressure is now on the G7 Leaders to fill the gaps and raise ambition ahead of the G20 in July and COP26. QuoteSima Kammourieh, Head of Better Recovery Unit at E3G said:
Julian Havers, Programme Lead Public Banks and Just Transition at E3G said:
Available for commentSima Kammourieh, Head of the Better Recovery Unit m: +49 (0) 1602120435, Julian.Havers@e3g.org ENDS Notes to Editors
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URL | 查看原文 |
来源平台 | E3G |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/329938 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | admin. G7 Finance Ministerial – E3G reacts,2021. |
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