10 things to know about this year’s G7
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.
Today, at the mandated UN High-Level Event for Global Climate Action – “Racing to a Better World”- the High-Level Climate Champions, Gonzalo Muñoz and Nigel Topping, formally report to Parties on the progress made by non-state actors, and set-out the five-year plan — Improved Marrakech Partnership for Enhancing Ambition — to accelerate delivery during this decisive decade.
The event marks the culmination of the non-state actor agenda at COP26, which has sat prominently alongside the government agenda at Glasgow, and includes contributions by UN Secretary-General Antònio Guterres, COP26 President Alok Sharma, Scottish First Minister Nicola Sturgeon, and Vanessa Nakate.
With significant new commitments from real economy actors on mitigation, adaptation, and mobilization of finance, focus turns now to driving implementation. At the event, the High-Level Climate Champions alongside the Marrakech Partnership (a global alliance of more than 320 major initiatives, coalitions, and NGOs), present their five year plan, which has also been summarised today in the Yearbook of Global Climate Action.
The vision aims to deepen engagement with regional stakeholders, enhance the implementation of commitments, and develop tools for accountability. Core priorities include:
The Champions have worked over the past year to enhance integrity and track the progress and impact of commitments made by businesses, investors, cities, states and regions and initiatives. A summary of this work, including metrics and tools to measure the efficacy of actions to boost resilience, can be found in an accompanying factsheet, also published today.
These efforts serve as a source of credible evidence on how actors are following through on their commitments ahead of the Paris Agreement’s Global Stocktake in 2023.
In direct response to the Champions’ five-year plan, leading members of the Marrakech Partnership committed to fully support its implementation with a public declaration, representing their “pledge “to do everything we can to bridge this gap, and keep a 1.5°C temperature limit within reach.”
Nigel Topping, UN High-Level Climate Champion for COP26 said:
“The momentum among non-state actors is only set to grow. That is clearly welcome given the mountain left to climb. The science is clear. We’re not transitioning nearly fast enough. Turning today’s momentum into implementation is now absolutely the order of the day.”
Gonzalo Muñoz, UN High-Level Climate Champion for COP26 said:
“This Yearbook lands at a critical moment in the fight against climate change. However, actions by individual actors will not see us halve emissions by the end of this decade, as is required to keep in line with a 1.5°C resilient future. As non-Party stakeholders, we realize the imperative to work together towards a common goal, both among ourselves and in conjunction with Parties.”
Michael Bloomberg, founder of Bloomberg L.P. and Bloomberg Philanthropies and the UN Secretary-General’s Special Envoy for Climate Ambition and Solutions said: “Climate change is a challenge that can’t be solved by federal governments alone. It will also take cities and states, businesses and universities, tribal nations and faith organisations, and everyone in between – because this is an all-hands-on-deck situation. To build on the momentum of growing climate ambitions from non-state actors, Bloomberg Philanthropies will support the deepening of engagement, especially in developing countries, and data initiatives to track progress and ensure accountability.”
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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.
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.
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.
This Yearbook of Global Climate Action, the sixth of the series, reviews the state and scope of global climate action in 2022.