The G7 agrees on a “green financial agenda” to ensure the success of COP26

This content was published on Apr 06, 2021-18: 27

London, April 6 (EFE): Finance ministers and central bankers of the Group of Seven (G7) nations agreed on Tuesday on an “ambitious green agenda” for the upcoming COP26 climate change summit, which the UK will host in November.

British Finance Minister Rishi Sunak confirmed that he stressed to his G7 counterparts, who are presiding over his country this year, the need to achieve the goal of increasing financing against climate change to the goal of $ 100 billion (84 thousand million). EUR) through private, public and multilateral channels.

In addition, he highlighted the importance of the progress of the members of this forum (Germany, France, Italy, Japan, Canada, the United States and the United Kingdom) in their commitment to achieve net zero emissions, which the country has set for itself. 2050.

Financial officials have addressed with central bankers the need for public policies to “complement and amplify” the role of private actors in financing climate action.

Other areas that London has proposed strengthening include improving capacity to act against illicit financing resulting from the illegal trade in wildlife or developing sustainable international financial reporting standards.

Today’s virtual meeting is the first, according to the British government, of a series of meetings that Sonak will have this week with his counterparts. Tomorrow he will urge the G20 to get the International Monetary Fund to include climate change in its activities, and on Thursday, he will direct more support to the most vulnerable countries. EFE

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