Most prominent G7 Summit decisions
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The G7 countries pledge to hand out more than a billion COVID-19 vaccines by the end of 2022, declare their intention to develop health infrastructure in poorer nations.
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G7 pledges to distribute more than a billion COVID-19 vaccines by the end of 2022.
The decisions of the G7 summit, which was concluded Sunday in the southwestern English Cornwall county, included various decisions, such as decisions regarding COVID-19 vaccines, prevention of a future pandemic, climate emergency, and the "dangers that Russia and China pose."
COVID-19 Vaccines
The G7 pledged to donate "more than a billion COVID-19 doses by the end of 2022," according to British Prime Minister Boris Johnson. The G7 will provide said vaccine doses by either directly donating 870 million doses or by funding. The leaders of the group's nations demanded the World Health Organization to open a more in-depth investigation regarding the origin of COVID-19 in China.
The group announced that it aims to find means to avoid new health catastrophes by enhancing the ability to produce and manufacture vaccines and improving testing systems.
The group explained that the goal from that is to produce tests, treatments, and vaccines within less than 100 days in contrast to the 300 days it took to do so during the COVID-19 pandemic.
Accelerating the Fight Against Global Warming
The countries of the group are also seeking to speed up the pace in addressing the climate emergency without declaring specific goals.
These nations support an environmentally friendly approach dubbed 'The Green Revolution,' which would create jobs and keep global warming at 1.5 degrees Celsius, a threshold that some scientists believe would make climate change out of control.
These countries, which are mainly responsible for industrial carbon emissions, have pledged to achieve carbon neutrality by 2050 and to halve their carbon dioxide emissions by 2030 compared to 2010, as well as to accelerate the transition to electric cars at the expense of cars that use biofuels.
Infrastructure in Poorer Nations
The countries of the group declared their intention to work on helping developing countries in the healthcare, climate, security, equality, and digital field.
They promised that they will be launching a project by next fall that they considered as a response to "China's impact on poor countries" through its "New Silk Road investment project."
The G7 is also seeking to allocate $100 billion to help the poorer nations, especially in Africa, recover from the repercussions of the pandemic through special drawing rights worth $650 billion within the International Monetary Fund lending mechanism.
China
The group called on China to "respect the human rights of the Uyghur minority" in Xinjiang and Hong Kong, expressing in return a willingness to cooperate if it is "in the interest of both parties."
China responded to the group states by saying that "the days of a small group dictating global decisions are gone."
Russia
The group called on Moscow to "stop its destabilizing activities," including interventions in other countries, and to respect human rights. it vowed to "hold those responsible for cyberattacks that took place from Russian soil to account."
New Global Tax System
The G7 nations' leaders expressed their support for a "more fair global tax system."
This was proposed last week by the ministers of finance of the group’s countries. The proposition suggests setting a minimum rate of 15% for corporate profits taxes and pushing for a more effective tax credit system for large digital companies.
Olympics
The group supported holding the Olympic Games in Tokyo between July 23 and August 8 after they were postponed for a year due to COVID-19.
The leaders expressed their hope that these games will serve as a "symbol of global unity to overcome COVID-19."
