Bloomberg: G-7 Set to Back Green Rival to China’s Belt and Road Program
Tue June, 2021, Age: 2 years
The Group of Seven nations plans to launch the “Clean Green Initiative,” an investment scheme to support green developments in developing countries, as a counter to China’s Belt and Road Initiative. U.S. President Joe Biden initially pushed the plan to rival China. European members of the G-7 have pushed for action in Africa, while the U.S. has focused on its expansion in Latin America.