Global Partnership for Sustainability | Recommendation
Global climate cooperation provides an opportunity to create a just and sustainable world. We envision G7 support for international equity and truly sustainable economies. To fulfill the Sustainable Development Goals and lead the way in building a better world, G7 members must:
3.2 Advocate that advanced economies provide US$ 500 bln of public financing for climate change mitigation and adaptation to developing economies from 2020 to 2025 increasing thereafter and expand annual public financing for biodiversity by US$ 10 bln at Kunming. To promote climate justice, G7 members should provide 80 % of this funding due to their GNI and cumulative emissions and provide technology transfers. Recipient countries should have agency over these funds and ensure accountability and transparency. 3.3 Implement a “doughnut’’ economic model in high-income countries to create an economy that provides for societal needs whilst returning to planetary boundaries and drastically reducing our consumption of resources. Ban unnecessary disposable products, particularly plastics, by 2025. Pursue circular product design and eliminate premature obsolescence through investments in innovation and enhanced stakeholder cooperation. Promote a reduce and repair economy and recycle and dispose of waste domestically when no alternative exists.
3.1 Create a Climate Club aiming for a just energy transition and including meaningful participation of youth and those most impacted. The Climate Club’s carbon price floor should be set at a level to reach 1.5 °C, with differentiated prices, according to CBDR-RC principles, putting the onus on high-income countries. The Climate Club must include international revenue recycling and avoid carbon leakage by creating tariffs rather than exemptions for carbon-intensive industries.
YOUTH7 2022 COMMUNIQUÉ 9
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