Current levels of investment in green R&D are dangerously lagging what the world needs to achieve a long-term energy transition out of fossil fuels within several decades, panelists at an online event warned.
<p><span>We, the Finance Ministers and Central Bank Governors of the G7, met virtually on 28 May 2021, and Finance Ministers met in London on 4-5 June 2021, joined by the Heads of the International Monetary Fund (IMF), World Bank Group, Organisation for Economic Cooperation and Development (OECD), Eurogroup, and (on 28 May) Financial Stability Board (FSB). We agreed concrete actions to address today’s historic challenges and as part of our renewed and urgent effort towards deeper multilateral economic cooperation.</span></p>
As the rich countries get their vaccination numbers up, whilst poorer countries are still struggling, there is some hope that we are getting to grips with the pandemic. On the climate change front, there has been some remarkable achievements in the last two months.