G7 leadership for sustainable, resilient and inclusive economic recovery and growth.

This is an independent report commissioned by the UK Prime Minister for the G7, led by Nicholas Stern, Professor of Economics and Government and Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science. It sets out the core elements of a global and integrated strategy for recovery and growth as a contribution to the preparation of the G7 Carbis Bay Summit. According to the report, COVID-19 has exacerbated existing risks and vulnerabilities in the global economy. It follows a decade of reduced investment, slower productivity growth, falling employment, weakening social cohesion, increased pressure on public finances, and accelerated destruction of natural capital. The transition to a net-zero emissions and climate-resilient world is neither a cost nor a burden, but rather the greatest economic, business and commercial possibility to meet the intertwined challenges of this moment.