yeah offer to the world was taken last year. since then, we have worked hard year. since then, we have worked hard and year. since then, we have worked hard and made great progress. we have built hard and made great progress. we have built a g7 structure for our corporation have built a g7 structure for our corporation and once complete partnerships in climate and health. on partnerships in climate and health. orr the partnerships in climate and health. on the structure of our corporation, we are on the structure of our corporation, we are bringing together our development and institutions, coordinate with multilateral banks and private sector in setting up partnerships and country platforms. this is partnerships and country platforms. this is deep change for our corporation that we have committed to. corporation that we have committed to we corporation that we have committed to we are corporation that we have committed to. we are boosting local vaccine production t
commission president explaining their role, the eu s role in this global cooperation initiative for infrastructure. you had there in total £600 billion which will be offered for projects around the world to improve infrastructure, particularly in parts of the world which are currently less well developed and need that extra financial support. the subtext of this, of course, is that the g7 wants to be an alternative source of this kind of support as opposed to china. it is recognising that china is political influence and resource benefits from being involved in infrastructure development and it wants to offer what it would at least perceive as a cleaner alternative source of finance support without some of the political strings attached but the space it, there are political strings attached. if you get this money you have got to share the eu s values in particular be a democracy, a multiparty democracy and so on. the other announcement that we have had that you ask me about, this ques
today we officially launch the partnership for global infrastructure and investment. we collectively have dozens of projects already under way around the globe and i am proud to announce the united states will mobilise $200 billion in public and private capital over the next five years, for that partnership. we are here today because we are making this commitment together as the g7 in coordination with one another to maximise the impact of our work. collectively, we aim to mobilise nearly $600 billion for the g7 by 2027. the strategic investments are areas of critical to sustainable development into our shared global stability. health, and health security, digital connectivity, gender equality and equity, climate and energy security, let me give you some examples of the kind of projects that are under way in each
work two ways of the leaders have to show here is that there are concrete benefits to the rest of the world to engage with them and listening to them. a lot of people in the global south think you made promises you can t keep. last year they promised vaccines of the poorest in the world. some vaccines have been delivered. quite a lot. but nowhere enough for dealing with a covid crisis. there are pressures on poorer countries to stop relying on carbon even if it is cheaper for them to provide it forfuel, for heating, for driving vehicles. when, guess what is happening? g7 countries have started to look for more supplies of fuel that is carbon based because they are seeing their prices go up in their public are howling about that. your could argue this can be done remotely but they could have meetings on zoom just as they did during the covid crisis but there is something about facetime that meeting together, and begin that meeting together, and begin that the live pictures now, they ar
without creating new markets for american technologies and good jobs in angola and i suspect throughout africa. and in romania, the american company new scale power will be the first of its kind small modular reactor plant. this will help bring online zero emission energy to europe faster, more cheaply and more efficiently. the us government is helping advance the development of this ground breaking american technology which will strengthen your s energy security and create thousands ofjobs in romania. and in the united states. these deals are just some of what is in store and we are ready, we are ready to get to work together, all of us. to lead efforts, to read us efforts, in my case, i appointed efforts, to read us efforts, in my case, iappointed my efforts, to read us efforts, in my case, i appointed my special presidential coordinator to deal with the rest of our colleagues. i will lead the us whole government approach to drive a coalition collaboration with the g7 and our partner