On Sunday, a group of seven countries will deploy a Global Infrastructure Initiative to promote "stability" and improve the situation in developing and middle-income countries around the world. It was started. ..
The Global Infrastructure and Investment Partnership plans to pay $ 600 billion for infrastructure investment by 2027, with President Joe Biden in the United States alone for a public-private partnership of 200 billion. Announced that it aims to spend the dollar.
Biden and other world leaders spoke in the Bavarian Alps, Germany, on an ongoing COVID-19 pandemic, climate change, Russia's invasion of Ukraine and more.
"These strategic investments are essential areas for sustainable development and the stability of the world we share. Health and health security, digital connectivity, gender equality and equality, climate. And energy security, "says Byden.
“We need global efforts to invest in innovative clean energy projects to secure critical climate change infrastructure. Needed for clean energy transitions, such as battery production. Important materials require a high degree of development. Labor and environmental standards. "
US President Joe Biden is the European Commission's Ursula von der Leyen Lecture next to the Prime Minister June 26, 2022, the first day of the G7 summit at Schloss Ermau Castle in Bavarian near Garmish Partenkirchen, Germany, Minister Fumio Kishida, Prime Minister Justinto Ludo of Canada, Prime Minister Olav Schorz of Germany.
Jonathan Ernst / Reuters
G-7 The announcement will be made when the alliance appears to be laid down, lowering specific investment and performance markers as China and Russia are trying to expand elsewhere.
China has become increasingly involved in Africa and Latin America, investing heavily in the construction of roads and bridges in active diplomatic efforts on both continents.
In his remarks on Sunday, Biden contrasted directly with China's new announcement, emphasizing that the G7's investment is based on "shared value." Compared to China, it is consistent with the United States and other countries.
"What we are doing is fundamentally different because it is based on the common values of all the people behind me who represent the country or organization. Transparency, Partnership, labor protection, environment ".
He said the infrastructure program is not "aid or charity" but "an investment that benefits everyone, including Americans and people of all nations."
"It's an opportunity to boost all our economies and share our positive vision for the future. What democracy can do for us, everything we have to offer. Every time I show, I doubt it will win the competition. "
European Commission Chair Charles Michelle, Italian Prime Minister Mario Dragi, Canada's Justin Tolu Prime Minister Emmanuel Macron of France, Olav Schortz of Germany, Joe Byden of the United States, Fumio Kishida of Japan, Boris Johnson of the United Kingdom, and Ursula von der Leyen of the European Commission The Prime Minister, who is lined up to take a family photo at Schloss Ermau Castle during the G7, will hold a summit meeting near Garmish Partenkirchen on June 26, 2022.
Jonathan Ernst / Reuters
Central President Joe Biden will attend a working lunch with other G7 leaders. On Sunday, June 26, 2022, we will discuss the formation of the world economy in Elmau, Germany. Clockwise from left, Fumio Kishida (Cover), Prime Minister of Japan, Ursula von der Leyen (Cover), Chairman of the European Commission, Charles Mikehel, Chairman of the European Council, Mario Draghi, Prime Minister of Italy, Justin -Tordo, Prime Minister of Canada, Emmanuel Macron, Prime Minister of France, Prime Minister of Germany Olav Schortz, US President Joe Byden, Boris Johnson, Kingdom of the US Prime Minister.
Kenny Holston / AP
Investing in energy Climate infrastructure is becoming more important as countries compete to combat the effects of climate change and become less dependent on countries like Russia for oil and natural gas. This is a dependency that has hindered Moscow's response to the war in Ukraine.
There was no question and answer session at the end of the G7 announcement, but when a reporter asked a question, it was about whether there was a recent Supreme Court ruling overturning the Roe v. Wade case. At a meeting.
"What decision." European Commission President Ursula von der Leyen was able to hear the voice asking when he was off the stage.
ABC News's Justin Gomez contributed to this report.