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Jun 10, 2021

G7 leaders urged to support ‘Net Zero Commitments’

Foreign Affairs News Desk
Flags of G7 nations. moneytaskforce.com
Flags of G7 nations. moneytaskforce.com

Over 70 CEOs said they stand ready to work with leaders around the world to reduce emissions. Members of the Alliance of CEO Climate Leaders signed an Open Letter championing public-private cooperation ahead of the G7 summit in order to supercharge net-zero commitments, policies and actions.

The signatories are looking for governments to accelerate the transition to net-zero before COP26 in order to accelerate even more action from the private sector. The letter emphasizes public-private collaboration as vital and welcomes transformative policy change.

“It is an important and significant move for this many CEOs to put their names forward for deeper collective collaboration,” said Dominic Waughray, Managing Director, World Economic Forum. “It sends a clear signal to policy-makers that many global business leaders are ready to make the transition to a net-zero future.

As we move towards COP26, public-private collaboration will be key to unlocking investment, setting more ambitious targets to reduce emissions, and turning this ambition into action.”

The Alliance of CEO Climate Leaders is the only CEO-led community open to all companies worldwide that want to make clear commitments and work to transition to net-zero. Members believe the private sector has a responsibility to actively engage in global efforts to reduce greenhouse gas emissions and to help lead the global transition to a low-carbon, climate-resilient economy. The World Economic Forum hosts the alliance.

UN experts to G7

Meanwhile, a group of UN independent human rights experts called on Wednesday for the G7 leaders to ensure equal access to COVID-19 vaccines for people in the Global South, urging them not to allow the profit motive to undermine global health and equity. 

“Everyone has a right to have access to a vaccine for COVID-19 that is safe, effective, timely and based on the application of the best scientific development”, the experts said ahead of the three-day Summit of the G7 intergovernmental group of leading countries in the United Kingdom, which begins on Friday. 

The nine independent experts said it was time for “international solidarity and cooperation” to assist all Governments in vaccinating people and saving lives. 

Despite the extraordinarily speedy production of safe and effective COVID-19 vaccines, swift action has not been followed to aid equal access across all countries and regions.  

“Billions of people in the Global South are being left behind. They see vaccines as a mirage or a privilege for the developed world”, explained the experts.

G7 leaders must make it their top priority to protect the life and health of people in the most socially and economically precarious situations. 

Independent experts are appointed by the Geneva-based UN Human Rights Council to examine and report back on a specific human rights theme. The positions are honorary and the experts are not paid for their work.

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