G20 Summit 2021 in Rome: Live Updates
On Saturday and Sunday, President Biden will attend G20 events and classes targeted on the primary parts of the worldwide economic system and worldwide points.
The President can also maintain conferences with different world leaders on the margins of the summit to debate provide chain points, vitality costs and the Iranian nuclear program, Sullivan stated.
The President then heads to Glasgow for COP26, a UN local weather summit. The President will give a significant deal with on local weather as a part of the summit. He may even meet with leaders on the margin of that summit to debate a variety of points, together with the Construct Again Higher World initiative that was introduced on the Group of Seven summit earlier this yr.
At each summits, Biden and European companions are anticipated to debate coordinating insurance policies on Iran, provide chains and international infrastructure efforts.
“The journey goes to offer the President a chance to advance a few of his highest affirmative priorities on behalf of the American individuals,” Sullivan stated on Tuesday. “You are going to see first hand in dwelling shade what overseas coverage for the center class is all about.”
Biden will “cement progress on the worldwide minimal tax,” Sullivan stated. G7 finance ministers agreed in June to again Biden’s sweeping overhaul of world tax system, together with a world minimal tax of not less than 15% on multinational firms.
The President may even be “laser targeted on provide chains and vitality costs as a result of he is aware of that these points impression working households right here in America,” Sullivan stated.
“In advancing the Construct Again Higher World initiative, the B3W initiative, he’ll present how a excessive requirements local weather pleasant various to the Belt and Street Initiative will help American corporations and American staff compete globally on each side of infrastructure, from bodily to digital to well being,” Sullivan stated.
The Belt and Street Initiative is Chinese language President Xi Jinping’s signature international infrastructure coverage. The Chinese language President won’t be attending the summit.
Sullivan stated: “I might simply level out that we see no contradiction between pursuing formidable and aggressive actions to fulfill this pivotal second in the case of the local weather disaster and supporting a sustained and swift financial restoration that delivers safety and alternative for the American individuals.”
Biden has pledged to scale back US greenhouse gasoline emissions by 50% to 52% beneath its 2005 emissions by 2030.
Former President Barack Obama will also be attending COP26, however won’t overlap with Biden, White Home press secretary Jen Psaki stated Tuesday.