by Joe Jackson

The G7 group of wealthy countries meeting in Britain reached agreement Sunday on a slew of shared priorities, spanning the coronavirus pandemic, climate change, the global economy and foreign policy.

Here are highlights from the 25-page summit communique issued by the  leaders of Britain, Canada, France, Germany, Italy, Japan and the United States:

Photo: G7/UK Gov’t

Covid-19

Vowing to end the pandemic and prepare for possible future outbreaks, the G7 leaders committed to donate one billion vaccine doses over the next year.

That takes their total overall pledges to two billion shots — falling far short of the 11 billion that health organisations say will be needed to vaccinate the world.

The allies adopted a pact — the “Carbis Bay Declaration”, named after the resort in Cornwall where they met — to strengthen their collective defences against future health threats.

It aims to improve early warning systems and support a bid to be able to develop safe and effective vaccines, treatments and virus tests within 100 days.

Climate, nature

The group promised a “green revolution” that cuts emissions, halts and reverses biodiversity loss — all while creating jobs — ahead of the key COP26 UN climate summit in November.

Reaffirming prior pledges to going carbon neutral by 2050, the leaders agreed to halve their collective emissions by 2030 from 2010 levels.

They vowed to phase out the use of “unabated coal” — fuel whose emissions have not gone through any filtering — “as soon as possible”.

Issuing a “nature compact”, they also pledged to conserve or protect at least 30 percent of the world’s land and ocean waters by 2030. 

“We acknowledge our duty to safeguard the planet for future generations,” they said.

But environmental groups were highly critical, with Greenpeace saying the communique had “failed to set us up for a successful COP26”.

Economic issues

Building on a deal struck last week by G7 finance ministers, the leaders endorsed a plan to introduce a global minimum corporate tax rate of 15 percent, to reverse what they called “the race to the bottom”.

They also vowed to champion “freer, fairer trade” through reforms encompassing the World Trade Organization.

The allies said they would sustain their pandemic recovery plans with continued investment, “shifting the focus of our support from crisis response to promoting growth into the future”.

They promised to create jobs, invest in infrastructure and drive innovation, noting past failures after global crises.

“We are determined that this time it will be different,” they vowed.

However, economists as well as aid groups have warned that the rich world must better support the broader global recovery.

World Bank president David Malpass, who addressed G7 leaders at two summit sessions, warned Sunday that growth was currently “uneven” and “concentrated in a few major economies”.

Foreign policy

The summit — the G7’s first in person in nearly two years due to the pandemic — saw US President Joe Biden push for a stronger collective stance towards China and Russia.

Joe Biden. Photo: G7/UK Gov’t

In a direct bid to counter Beijing’s “Belt and Road” infrastructure initiative, launched in 2013, the grouping announced its own “Build Back Better World” (B3W) drive to invest in poorer countries.

“We will promote our values, including by calling on China to respect human rights and fundamental freedoms, especially in relation to Xinjiang and those rights, freedoms and high degree of autonomy for Hong Kong” enshrined in the treaty governing its 1997 handover from Britain, G7 leaders said in a communique after a three-day summit.

The US also led the group to call on China to “respect human rights and fundamental freedoms”, referencing alleged forced labour practices in its western region of Xinjiang and the rolling back of freedoms in Hong Kong.

The G7 backed Taiwan and demanded freedom of navigation in the South China Sea, where Beijing has been installing a string of naval bases.

The leaders decried repression in Belarus and military-ruled Myanmar, and urged “a sustainable, inclusive political settlement” in Afghanistan as US-led NATO forces pull out after two decades of war.

Meanwhile the G7 called on Russia to end “destabilising behaviour and malign activities” internationally.

The bloc pledged to “hold to account those within its borders who conduct ransomware attacks, abuse virtual currency to launder ransoms, and other cybercrimes”.

They also expressed their support for G7 member Japan’s hosting of the pandemic-delayed 2020 Olympic and Paralympic Games in Tokyo starting next month, “in a safe and secure manner as a symbol of global unity in overcoming Covid-19”.

More to follow.

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