Net zero transition topped agenda in G7 talks on Tuesday, UK says

08/04/2021 09:56
Apr - Net zero transition topped agenda in G7 talks on Tuesday, UK says.jpg

Top economic policymakers from the Group of Seven (G7) industrialised countries talked on Tuesday about how they will reform their economies to achieve their net zero emissions targets, this year’s chair, Britain, said.

“Finance ministers and central bank governors discussed the key roles of their ministries and central banks in the transition to net zero, and how climate policies complement and amplify the role of the private sector in financing climate action,” Britain’s finance ministry said in a statement.

British finance minister Rishi Sunak told attendees they needed to step up their plans to achieve the G7’s goal of creating $100 billion of climate finance, the finance ministry said.

Sunak will on Wednesday call on the Group of Twenty major economies to focus their efforts to tackle climate change and help the International Monetary Fund (IMF) to make climate change key to its activities, the finance ministry said.

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