G7 ministers set big new targets for solar and wind capacity
Sapporo, Japan Reuters The Group of Seven rich nations on Sunday set big new collective targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move toward a quicker phase-out of fossil fuels. But they stopped short of endorsing a 2030 deadline for phasing out coal that Canada and […]
G20 finance chiefs resolved on food security; Ukraine war prevents formal communique
Nusa Dua, Indonesia Reuters The Group of 20 major economies’ finance chiefs on Saturday pledged to address global food insecurity and rising debt, but made few policy breakthroughs amid divisions over Russia’s war in Ukraine at a two-day meeting in Indonesia. With questions growing about the effectiveness of the G20 in tackling the world’s major […]
G20 wants 70 per cent of world vaccinated by mid-2022, sets up pandemic task force
Rome, Italy Reuters Finance and health ministers from the world’s 20 biggest economies said on Friday they would take steps to ensure 70 per cent of the world’s population is vaccinated against COVID-19 by mid-2022 and created a taskforce to fight future pandemics. They could not reach agreement on a separate financing facility proposed by […]
Global church bodies unite in call for tax reform
Global church bodies have joined in calling for reform of the global tax system, saying tax systems have a “pivotal” role to play in financing the recovery from the COVID-19 pandemic. In a letter addressed to G20 finance ministers ahead of a meeting in Venice, Italy, on 9th July, the World Council of Churches, World Communion of […]