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Brief supported by ITI – Do math –

For a time, multilateralism seemed to be back. A few days ago, an agreement was reached on a minimum corporate tax rate, and the Group of Seven countries is ready to agree on a burden-sharing plan to generate the additional and equitable supply of vaccines required for the global mass vaccination of COVID-19.

This is a false dawn. Instead, as European leaders are once again caught up in the latest quarrel related to Brexit, they are back to the tried and tested model of pledges to donate vaccines. This time, 1 billion doses is the promised figure.

This may sound like a lot, but when you consider that 11 billion doses of vaccine are needed to vaccinate the world against COVID-19, the situation is different.

Third, world leaders failed to set a clear timetable for vaccine delivery, nor did they provide detailed information on the US$100 billion climate adaptation fund or the “Reconstruction of a Better World” infrastructure plan announced at the summit.

US National Security Adviser Jack Sullivan said that the leaders of the Group of Seven countries “are all agreeing on the idea that we need to increase the supply of vaccines.” He added that this will mean sharing more of our own doses and helping to gain more manufacturing capacity around the world.

But because the leaders were unable to agree on whether to temporarily abandon the vaccine patent, they returned to the familiar, readily available fruit.

Since the beginning of this year, wealthy governments have pledged to donate excess vaccine doses to developing countries.

So far, only 1% of Africans have received at least one vaccination, and low-income countries have received only 0.4% of their population, but this has not stopped political leaders in Europe and elsewhere from celebrating their imaginary generosity .

Enlightened self-interest shows that investing in global vaccination will be a wise investment. Just look at the slogan “Everyone is safe before no one is safe”.

As the emergence of the Delta variant emphasizes — and other variants will inevitably emerge in the coming months — the COVID-19 pandemic will not end until most people are vaccinated and the virus stops spreading widely. That does not consider economic costs.

On the second day after Cornwall completed his summit hosting duties, Boris Johnson bowed to the inevitable and told the British that the increase in infection rates caused by the delta variant imported from India meant that the remaining pandemic restrictions would continue. A month.

This is another blow to the already troubled hotel industry and will mean billions of dollars in lost revenue.

The International Monetary Fund estimates that if 70% of the global population is vaccinated by April next year, the world economy will grow by an additional 5 trillion US dollars from now to 2025. In contrast, by the end of 2022, the global cost of vaccination is estimated at US$50 billion.

Whenever the leader delays, the bill increases—and the potential additional increase decreases. They cannot waste more opportunities.

Message from ITI: Technology is at the forefront of today’s summit

Transatlantic leaders can Continue to strengthen trade and technical cooperation to ensure that innovation and data flow support economic growth.For more information about ITI, please visit


National data protection agency has power under special condition The European Union’s Supreme Court ruled that a company registered in another EU member state initiated a General Data Protection Regulation (GDPR) infringement lawsuit.

Galp Energia in Portugal CEO Andy Brown (Andy Brown) said on Monday (June 14) that it plans to install a 100 MW electrolyzer by 2025 to provide green hydrogen for its refinery in Sins. The project can Expanded to 1,000 megawatts, worth 1 billion euros.

A member of the European Parliament stated that EU member states are trying to maintain “absurd” agricultural conditions in the redistribution of agricultural payments. He emphasized that the European Parliament Unwilling to make concessions on this matter.

27 energy ministers in Europe support the call Shuangou’s building renovation By 2030, to repair the economy hit by the crisis, solve the problem of energy poverty and “create green buildings for the future.”

Germany will allocate 40 billion euros to regions affected by the country’s 2038 coal phase-out plan. But this number is not as big as it seems, because the plan will eat up EU funds. EURACTIV report in Germany.

Two NGOs and six young climate activists decided to bring Norway to the European Court of Human Rights (ECHR) Request the cancellation of Arctic oil permits, Greenpeace announced on Tuesday (June 15).

Recent events in the Spanish enclave Ceuta may indicate otherwise, but (mostly) Africa No desire to come to europe, Oriol Puig wrote in a review article.

Last but not least, check out the weekly Transport briefing.

Pay close attention, watch out, watch out…

  • European Community President Ursula Vonderlein went to Spain and Portugal to discuss restoration and restoration plans
  • Vice President Frans Timmermans delivered a speech at the Transport and Environment Conference “The Road to Zero: The Future of the Automotive Industry”
  • Vice President Margaritis Schinas, Commissioners Thierry Breton and Stella Kyriakides participate in the second structured dialogue on drug strategy

Views are author’s

[Edited by Josie Le Blond]

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