G7 should invest $10 trillion to stoke climate-friendly recovery, PM Johnson told

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The G7 leaders should ensure a timely global roll-out of vaccines by immediately closing the $20 billion funding cap of COVAX, a global program to provide vaccines mainly for poor countries. | Reuters

“The transition to a zero-emissions and climate-resilient world provides the greatest economic, business, and commercial opportunity of our time,” Stern said in the report.

G7 countries, he said, should set a collective goal to raise annual investment by 2% of GDP above pre-pandemic levels for this decade and beyond and improve the quality of investment – equal to about $1 trillion per year in additional investment over the next decade.

 

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