The G7 Summit in Hiroshima, 19-21 May, represents a pivotal moment for global cooperation and a commitment to building a resilient, equitable, and sustainable world for future generations.
Climate Champions Welcome America Is All InWe welcome the United States’ official rejoining of the Paris Agreement today
We welcome the United States’ official rejoining of the Paris Agreement today, a major boost to international climate cooperation en route to COP26. It sets the stage for new commitments by the Biden-Harris Administration, building on the dedicated and transformational work from US cities, states, businesses and investors over the last four years.
The benefits of climate action can cut across society – creating jobs, lifting people out of poverty and inequality and strengthening public health. The Biden-Harris Administration’s all-of-government approach will turbo-charge the American race to net zero emissions and greater resilience by 2050. The united call from cities, states, businesses and investors, through the “America Is All In” alliance, for a halving of US emissions by 2030 represents a recommitment to science-based climate policy, and an unprecedented opportunity to unleash innovation, create sustainable jobs and regenerate nature at a pace and scale we’ve never seen before. The more local governments and the private sector accelerates towards net zero emissions and resilience, the higher the US government can raise its ambition.
We look forward to welcoming a new wave of American partners to the Race to Zero and Race to Resilience, and hope to welcome the US into the Climate Ambition Alliance, demonstrating a real commitment to build back a healthier, safer, and more resilient future worldwide after Covid-19.
Across the two weeks, non-State actors offered a wide range of actions, announcements, and events across thematic areas. This included the launch of the African Cities Water Adaptation Fund, an African-led insurance commitment to provide cover for up to USD 14 billion in climate losses, and the Sharm-El-Sheik Adaptation Agenda in partnership with the COP27 Presidency.
Africa Carbon Markets Initiative launched to dramatically expand Africa’s participation in voluntary carbon market
The new Africa Carbon Markets Initiative (ACMI), which was inaugurated today at CO27, aims to support the growth of carbon credit production and create jobs in Africa.