Reporting and opinion by Mathew Carr
June 17, 2025 — The departure of Donald Trump from the G7 Meeting in Canada may give the meeting — now the G6 — energy to actually make a difference to the world.
What’s become clear to those paying attention the past five years is much of the world’s problems are caused by the richest of nations.
There’s warmongering, destruction of nature, manipulation of markets, use of inflation to harass ordinary folks …make them more indebted.
There’s the climate crisis, which appears to be worsening, there’s massive injustice as the very richest become more wealthy, and there’s wild drug taking and criminality in many countries.
Some people with contacts in many important places are suggesting that the G6 just might pull off something special. These predictions were made even before Trump’s departure from the G7 meeting …and his absence might embolden those remaining leaders. (I’m not endorsing everything Benjamin Fulford says.)
Some people with contacts in many important places are suggesting that the G6 just might pull off something special. These predictions were made was even before Trump’s departure from the G7 meeting …and his absence might embolden those remaining leaders.
I’m not in favor of a one-world government and I’m not holding my breath until better policy happens. Democracy requires that nations retain control of rules that govern their people.
Still. The world may benefit from a stronger UN system, with the help of the G6 and leading BRICS nations, that calls out bad national government decisions …and offers a better system that provides guardrails that countries should not breach …and that might prevent rampant humans rights abuse.
Israel should not be able to unilaterally decide to kills Tehran residents, right?. America should not be able to destroy the climate currently enjoyed by everyone.
It’s strange to me that the UNFCCC, the (US dominated) UN climate secretariat, is claiming it lacks funds (mentioned five times in this document) while failing to use money already available to it. (Same story linked twice.)
If President Trump (and his press hangers on) do not want to save the climate, perhaps it’s best to leave it to those who do. It’s good they are leaving Canada this week — potentially at least. (It could also be bad if the G7 is split.)
There is a chance to make markets work better so investments are more logical (less climate damaging) over the next two decades.
Chaos has continued through much of this year, as trade and climate strands of international negotiations have been ongoing and entwined.
The 90 days of delay to Trump’s trade sanctions matched preparation for global market and non-market approaches to climate action that allow for protection of national sovereignty.
See this from a G20 sustainable finance working group (SFWG) report from January:
The G20 SFWG will release a draft deliverable for public consultation following approval of consultation documents in the first weeks of June 2025 by the SFWG. The group will then deliver the consultation outcomes and proposed amendments in time for the fourth SFWG meeting in September. The SFWG will draw on the existing practices and initiatives focused on carbon credit data, including its collection, storage, and transmission to achieve a publicly beneficial outcome with broad-based support.
Deliverable A
Common Carbon Credit Data Model which will guide how standardised data attributes are defined, recorded, reported, and incorporated into existing market infrastructures across jurisdictions. It will serve as a globally recognised reference point, enhancing the transparency, comparability, and interoperability of carbon credit data across different markets. By connecting different carbon markets, reducing fragmentation, and enhancing capital flows, it will support EMDEs (emerging markets and developing economies) in attracting crossborder climate finance. The model will reflect inputs gathered from technical expert working groups and a public consultation. It will be published alongside supporting voluntary guidance detailing the principles and approach taken.
Here is the source doc, for convenience:
https://g20sfwg.org/document-repository
Methods to create new Paris carbon credits have begun to flow out of the UNFCCC starting from this month. Climate talks began in Bonn this week, coinciding with the G7.
There is a also chance to reduce individual leaders’ ability to manipulate markets by starting wars to pay debt and support oil prices.
There is a chance to stop “bigger is better capitalism” that erodes competitive tension in key global markets. Government policy should boost competitive tension, not erode it.
Above is from FT …from the weekend
There is a chance to reduce the chance of nuclear war….and warmongering in general.
There is a chance to make the market for news more diverse and competitive and to ensure the media industry is not able to improperly determine election outcomes.
Let’s push for market rules and laws that help the people, reduce inflation, protect nature, make taxes more progressive…not that focus on helping billionaires.