G20 Summit 2021 in Rome: Live Updates

On Saturday and Sunday, President Biden will attend G20 events and periods centered on the principle components of the worldwide financial 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 mentioned.

The President then heads to Glasgow for COP26, a UN local weather summit. The President will give a significant handle on local weather as a part of the summit. He may also 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 12 months.

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 mentioned on Tuesday. “You are going to see first hand in residing shade what international coverage for the center class is all about.”

Biden will “cement progress on the worldwide minimal tax,” Sullivan mentioned. G7 finance ministers agreed in June to again Biden’s sweeping overhaul of world tax system, together with a world minimal tax of at the least 15% on multinational firms.

The President may also be “laser centered on provide chains and vitality costs as a result of he is aware of that these points influence working households right here in America,” Sullivan mentioned.

“In advancing the Construct Again Higher World initiative, the B3W initiative, he’ll present how a excessive requirements local weather pleasant different to the Belt and Street Initiative may help American corporations and American employees compete globally on each facet of infrastructure, from bodily to digital to well being,” Sullivan mentioned.

The Belt and Street Initiative is Chinese language President Xi Jinping’s signature international infrastructure coverage. The Chinese language President is not going to be attending the summit.

Sullivan mentioned: “I might simply level out that we see no contradiction between pursuing formidable and aggressive actions to fulfill this pivotal second relating to 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 cut back US greenhouse fuel emissions by 50% to 52% under its 2005 emissions by 2030.

Former President Barack Obama will also be attending COP26, however is not going to overlap with Biden, White Home press secretary Jen Psaki mentioned Tuesday.

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