Following the European Central Bank's unanimous decision earlier this month to end negative interest rates by September, nervous private investors and speculators immediately started selling their government bonds.
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Ahead of summit, more than 100 economists call on G7 countries to commit to shift their finance out of all fossil fuels this year, to enable a green pandemic recovery
On June 11-13, world leaders will gather at the G7 summit. There, they plan to adopt an agenda to
“build back better from coronavirus and create a greener, more prosperous future”. We, the undersigned economists, believe that this means decisively shifting finance out of fossil fuels, and into clean alternatives worldwide. We welcome the decision taken last month by G7 environment ministers to end international finance to coal-fired power in 2021. We call on G7 leaders to go further and shift their finance out of all fossil fuels in 2021.