Leaders of the Group of Seven rich countries met for their three-day annual summit at Schloss Elmau, a century-old retreat in a nature reserve in the Bavarian Alps in Germany.
- Prime Minister Narendra Modi attended the Group of Seven (G7) Summit.
- The partner countries this year were Argentina, India, Indonesia, Senegal and South Africa.
- The Group of 7 is a forum of seven leading industrial nations and democracies.
G-7 Germany outcome
- They committed to an additional $4.5 billion to protect the most vulnerable from hunger and malnutrition, amounting to a total of over $14 billion as joint commitment to global food security this year.
- They will establish a Climate Club to support the effective implementation of the Paris Agreement by accelerating climate action and increasing ambition. The Climate Club, as an intergovernmental forum of high ambition, will be inclusive in nature and open to countries that are committed to the full implementation of the Paris Agreement and the decisions thereunder.
- They promised to support efforts to expand global access to quality childcare infrastructure including through collective support of $79 million for the Childcare Incentive Fund.
- They committed to achieving a fully or predominantly decarbonised power sector by 2035.
What is G-7?
- The Group of Seven (G7) is an informal forum of seven leading industrial nations and democracies, Germany, Canada, France, Italy, Japan, the United Kingdom and the United States of America, and the European Union.
- The G7 – like the G20 – is not an international organisation.
- It does not have its own administrative apparatus, nor are its members permanently represented in any way.
- Due to the G7’s informal structures, the country that holds the Presidency has a particularly important role to play.
- It is responsible for organising the summit and setting the agenda. Although the decisions made by the G7 are not legally binding, they do have a tangible political impact.
GS TIMES UPSC PRELIMS & MAINS CURRENT AFFAIRS BASED BASICS DAILY ONLINE TEST CLICK HERE
CLICK HERE DAILY CURRENT AFFAIRS QUIZ FOR STATE CIVIL SERVICES
MORE THAN 30 QUESTIONS FORM GS TIMES UPSC 2022 PRELIMS CURRENT AFFAIRS DAILY TEST
