The G7 consists of seven countries namely Canada, France, Germany, Italy, Japan, United Kingdom and United States that represent 58% of the global net wealth ($317 trillion). G7 was formed after the 1973 oil crisis when six major industrialized countries from around the world came together to discuss the global economy. It was earlier known as G6. In 1976, Canada joined the group, which henceforth became known as theG7.
French President Emmanuel Macron, the host of this year’s summit, said he wanted the heads of G7 nations to focus on the environment by reducing environmental inequality by protecting our planet through climate finance and a fair ecological transition, preserving biodiversity and the oceans.
Macron announced that the G7 had agreed to an immediate fund of at least $20 (£16m) to help Amazon countries fight wildfires and launch a long-term global initiative to protect the rainforest. He said the Amazon was the “lungs” of the planet and leaders were studying the possibility of similar support in Africa, also suffering from fires in its rainforests. All G7 countries – the US, Japan, Germany, France, Italy, Britain and Canada – would give technical and financial help to fight the Amazon fires.
Donald Trump did not attend Monday’s crucial discussion on climate and biodiversity at the G7 meeting of international leaders in Biarritz, missing talks on how to deal with the Amazon rainforest fires as well as new ways to cut carbon emissions. It appeared that Trump’s entourage felt discussing climate and Amazon fires was of little importance, compared with the economy.
Donald Trump was asked by a news reporter on what is his take on climate change and on green energy. He said that they are the No.1 energy producing nation and they cannot revert to green energy which will not make them produce as much energy as they have been getting from fossil fuel. His take was that climate change is myth. In 2017, Trump pulled the US out of the Paris climate accord.