The G-7 infrastructure plan won’t succeed unless it learns from past failures


G-7 Germany
There they all are. Group of Seven summit in the German mountain resort of Schloss Elmau on June 26, 2022. (Kyodo via AP Images)

All eyes were on Russia and Ukraine during the recent G-7 summit in Germany. However, the war was far from the only problem on the G-7’s docket. In fact, the summit started with a breakthrough of a plan on an entirely different matter: the need for clean energy infrastructure investments in developing countries.

The initiative, the Partnership for Global Infrastructure and Investment (PGII), aims to deploy $600 billion to counter China’s Belt and Road Initiative (BRI), a global infrastructure agenda that is difficult to measure reliably but which has likely committed $1.9

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This story is reprinted with permission from Foreign Policy

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