G7 launches $600 billion global infrastructure investment plan including battery spend

Leaders of the G7 democracies launched a $600 billion plan to invest in global infrastructure in low and middle income countries over the next five years, including in projects relating to the battery supply chain.

The Partnership for Global Infrastructure and Investment (PGII) said it will advance four priorities: climate and energy security, digital connectivity, health and health security, and gender equality and equity. 

The G7 said the initiative would focus on democratic values and transparency, in a move clearly designed to counter China’s growing influence in emerging economies. China's Belt and Road Initiative, which was launched by . . .


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