By Akanimo Sampson
United Nations Development Programme (UNDP) and its partners will be hosting a virtual Dialogue on scaling up green energy investments in crisis settings this April 22.
The G-7+ and council on state fragility has launched a call to action. Recognizing the lack of access to sustainable energy and the untapped potential for renewable sources in fragile states, it is urging governments, businesses and development agencies to collaborate to end energy poverty in conflict-affected countries to meet the aspiration of Sustainable Development Goal 7 of Agenda 2030.
Signatories to the call, launched on February 24, 2021, include political leaders (current and former heads of states and governments) and more international organisations such as UNDP and the United Nations Economic and Social Commission for Asia and the Pacific, multi-lateral development agencies, businesses and think tanks.
The dialogue will however, bring together governments, donors and private firms to share experiences and views from the ground on ending energy poverty. This will help development partners realize commitments made in the call to action.
Acting Director for the Department of Renewable Energy and Energy Efficiency at the African Development Bank (AfDB), Daniel Schroth, will participate in the panel session: “What do we need to do differently to scale up green energy in fragile contexts?”
Membership and Origins of G-7
The loose organisation originally emerged in the early 1970s as a somewhat informal gathering of the finance ministers from the United States, West Germany, France, and the United Kingdom. As the energy crisis of that decade was spooling up, U.S. Treasury Secretary George Shultz decided it would be wise to coordinate macroeconomic initiatives with other larger players on the world stage.
Subsequently, nations such as Japan, Italy, and Canada were brought into the group. When the European Union became a prominent coordinator for the European common market in the late 70s, the president of the European Commission was also invited to participate. And in 1998, the recently devolved Russia was invited to the table (somewhat briefly, as it turned out), although mostly in a political sense since the country continued to lag the other participants economically.
Today, the G-7 are reckoned as the seven wealthiest and most advanced nations in the world… advanced nations because China, which holds the second largest net worth in the world, nonetheless has a low net worth per individual and an economy that has not yet fully modernized.
Between them, the G-7 fill out numerous global top lists: Leading export countries, largest gold reserves, largest nuclear energy producers, and top contributors to the UN budget
With that sort of economic and political heft, the Group of Seven is uniquely positioned to make things happen around the world, both in and outside their own countries, and both economically and politically. Meeting to decide what those things should be is the primary purpose of the summits today.
Up through the mid-1980s, this all happened somewhat discretely and informally. In 1985, however, major meddling in international currency markets culminating in the Plaza Accord made it clear that the group needed to be more forthright in briefing other worldwide economic interests with respect to their decisions. Meetings have subsequently been announced and usually some sense of the agenda floated to prepare global markets for possible changes in macroeconomic policy.
The major summit involving world leaders is still held annually at a site that rotates through the member nations. The group finance ministers, however, may meet more frequently throughout the year depending on the subjects on their plate and global economic conditions.
Because economic power has also found itself tightly coupled with military and political power, the G7 forum has also become a place for prominent international crises or disputes to be discussed or resolved. In 2013, world leaders tackled the developing Syrian crisis (unsuccessfully), while more recent meetings have covered topics like North Korean nuclear armament, environmental issues, Brexit implications, and the rise and fall of ISIS.
Inevitably, the summits have also drawn fire, both from nations that are not commonly invited and from the public at large. Whether it’s the perception of conspiracy or the blatant exercise of its power that people take exception to, G7 meetings have been met with large-scale demonstrations at virtually every summit held since 2000. In fact, in many cases, the demonstrations and the crowd control measures used by the host country become the focus of press coverage more so than the points discussed in the meetings themselves.
G-7 Summits Generate Results
Protests notwithstanding, the summit meetings have continued, and have continued to forge real agreements and create real progress on subjects of international concern. The Global Apollo Program, for instance, was launched out of the 2015 summit meeting.
Designed to tackle climate change through clean energy research and development, the multinational effort was conceived in the United Kingdom but couldn’t get traction until agreed to by the other major world economies.
Real work happens at summits. Although national leaders may appear more for photo opportunities and glad-handing than substantive policy discussions, foreign policy experts and cabinet-level officials conduct genuine negotiation and make significant decisions at G7 meetings.
The group started a tradition of inviting other international organizations to the summits in the late 1990s, a list that has included: International Monetary Fund, World Bank, United Nations, World Trade Organisation, African Union, and International Energy Agency.
Other nations have also been invited to participate from time to time, such as the G20 and the G8+5… each of which are simply different groups of nations with growing economic interests.
Each participating nation and intergovernmental organization has an opportunity to conduct business with power brokers from the most influential nations in the world all in one place. This can lead to real breakthroughs in a relatively short period of time.
In an era when a number of members seem otherwise inclined to go their own way— as seen in the newly isolationist bent of the American administration, and the UK voting to leave the EU —the G7 is one of the last remaining forums in which major world powers can coordinate their actions and peacefully resolve conflicts.