G –7 SUMMIT 2022 GERMANY
The Group of Seven ( G - 7 ) and the Group of Twenty (G - 20) are informal governance clubs which hold annual Summits of Head of the states / Govts to discuss issues of Global Importance.
G-7 is an informal grouping of seven of the world’s advanced economies – Canada, France, Germany, Italy, Japan, Britain & USA. In addition, European Union ( EU ) is a non- enumerated member. India is not its member.
G-20 or Group of Twenty is an intergovernmental forum Comparing 19 Countries & European Union (EU). G-20 was founded in 1999 to bring together systemically important industrialised and developing economies to discuss key issues in the global economies. India is one of its member.
48th G-7 Summit
48th G- 7 Summit was held at schloss Elmau, Germany from 26 – 28 June 2022.
This Summit was hosted by German chancellor olaf Scholz.
Headquarter of G –7 is at Taormina ( ME ), Sicily. Italy.
The host nation invites non members in the summit as partner countries. German chancellor Olaf Scholz invited India to the 2022 meet. Since 2014, Narendra Modi has been invited thrice to the Summit, which is a reflection of . India’s Growing clout in the world. G-7 summit is held annually and has a rotating presidency. For 2022, presidency is with Germany. 2023 Summit will be held under presidency of Japan.
Prime Minister Narendra Modi attended the G7 summit 2022 . During this summit, he held discussions with the G7 leaders and its partners on issues like energy, food security, counterterrorism, environment and democracy. India is among the five partner countries that have been invited to attend the G7 summit.
1. Prime Minister Narendra Modi's main focus of the summit was continued support for Ukraine as the heads of states pledged to back the conflict-ridden country “for as long as it takes”. The grouping also decided to raise sanctions on Russia and backed security commitments for Kyiv in a post-war settlement.
2. Apparently referring to the ongoing Ukraine crisis, the Prime Minister said that the G7 and those invited at the event were meeting amid an atmosphere of global tension and asserted India has always supported peace.
3. He also talked about the humanitarian aid provided to Afghanistan in the last few months and all efforts to help Sri Lanka tide over its worst economic crisis.
4. The Prime Minister said, “We have dispatched about 35,000 tonnes of wheat as humanitarian aid to Afghanistan in the last few months. And even after the heavy earthquake there, India was the first country to deliver relief materials. We are also helping our neighbor Sri Lanka to ensure food security.”
5. The Prime Minister also made a case for increasing availability of fertilisers and keeping value chains of fertilisers smooth in order to ensure global food security. He also said that India has much superior skills in the realm of agriculture compared to its G7 counterparts.
6. The Prime Minister also said that India’s approach is moving from ‘women’s development’ to ‘women-led development’, while elaborating the contributions of female frontline workers, ASHA workers, women leaders and women scientists.
7. He highlighted that India has achieved the target of 40 per cent energy-capacity from non-fossil sources nine years before time.
8. PM noted, “The target of 10 per cent ethanol-blending in petrol has been achieved 5 months before time. India has the world’s first full solar power operated airport. India’s huge railway system will become net zero in this decade.”
9. India will chair the G20 summit next year and will also maintain close dialogue with G7 countries on issues like post-COVID recovery under the G20 platform.
The G-7 action Plans
Main plans drawn up by the leaders of Britain, Canada, France, Germany, Italy, Japan and the United States in tackling the myriad of crises facing the globe at the end of a G-7 summit.
WAR IN UKRAINE
To put the squeeze on Russia, they plan to work towards a price cap for its oil and impose an import ban on gold
1. They signalled that they would seek to extricate themselves from reliance on china.
2. They also unveiled a plan to raise some $600bn in investments for infrastructure programmes in poor countries, in a bid to compete with china’s BRI.
GLOBAL HUNGER CRISIS
G-7 Pledged an additional $4.5bn to ease the global food shortage crisis. That brings the total joint commitment to $14 billion for the year.
ON THE CLIMATE CRISIS
1. The G7 underlined the ‘increased urgency to act’ to reduce global greenhouse gas emissions by around 43% by 2030 relative to the 2019 level.
2. It committed to a ‘highly decarbonised road sector by 2030’
3. The group agreed to set up a ‘Climate Club’’ of willing countries to coordinate and speed up efforts to tackle global warming.
ENERGY ON THE MIND
The G7 committed to ending new direct public support for the international unabated fossil fuel energy sector by the end of 2022.