In the Spotlight
ADBI T7 Townhall Spotlights Keys to Effective T7 Development, T7-T20 Dynamics
ADBI Dean Tetsushi Sonobe and an expert panel explored the outlook for Think7 (T7), the Group of 7’s (G7) think tank engagement group to convene in Japan under its 2023 G7 presidency, during a T7 townhall hosted by ADBI alongside the Think20 (T20) Summit in Bali and online on 6 September. Joined by think tank leaders from T7 Germany, T20 Indonesia, and India, incoming T20 host, Dean Sonobe explained how the T7’s openness to researcher participation from outside the G7 strengthens its focus on development issues and G7-developing country engagement. This inclusive approach and T7-T20 coordination can open the door to more effective T7 policy proposals to help the G7 and partners address global challenges, he added. View the webinar recording
T7 Policy Brief Promotes Financing for Advancing Carbon Neutrality of Developing Economies
A new T7 policy brief by ADBI’s Dina Azhgaliyeva, Dil Rahut, and Yixin Yao, and coauthors details strategies to help the Group of Seven (G7) boost the low-carbon transition of developing counties. It encourages the G7 to leverage the Asian Development Bank Energy Transition Mechanism to facilitate the early retirement of coal power plants and adoption of green technologies. It also explains how G7 cooperation could strengthen the impact of the Green Impact Fund for Technology, which incentivizes carbon reductions and clean energy growth by waving patented green technology.
T7 Policy Brief Provides G7 Guide for Balancing Economic Recovery-Sustainable Development
A new Think7 (T7) policy brief by ADBI Vice-Chair of Research John Beirne and coauthors offers guidance to the Group of 7 (G7) on reviving the post-COVID-19 world economy in the face prevailing geopolitical tensions while tackling long-term sustainable development challenges. It encourages the G7 to take immediate action to address the impacts of Russia’s invasion of Ukraine on economic growth and people’s livelihoods. It also calls for a “new global bargain” to support clean energy transition, tackle inequalities, and promote the Sustainable Development Goals. This includes improving governance and international policy cooperation to support economic stability, and the coordination of monetary and fiscal policies.
T7 Policy Brief Details Incentives for Stepping Up Biodiversity Protection
A new Think7 (T7) policy brief by ADBI’s Dil Rahut, Dina Azhgaliyeva, and Yixin Yao describes strategies to help the Group of 7 (G7) strengthen protection for biodiversity critical to people’s livelihoods and well-being and building economic sustainability. It explains how the G7 could offer resource, technology, and market-based trade and investment incentives to countries, companies, and institutions that uphold biodiversity and reduce their environmental footprint. It also discusses ways to promote knowledge and skills development and good governance in emerging countries to support more biodiversity-friendly and sustainable economic growth.
T7 Policy Brief Highlights Education System Lessons for Tackling Post-COVID-19 Learning Losses
A new Think7 (T7) policy brief by ADBI Dean Tetsushi Sonobe, ADBI’s Daniel Suryadarma, and coauthors spotlights ways the Group of Seven (G7) and international partners can promote education system resilience following economic, social, or health crises. It describes the potentially severe long-term implications of forced school closures and disruptions, including greater inequality and slower economic growth. It encourages the G7 to support global efforts to advance education system design that enables learning continuity and rapid learning recovery.
T7 Policy Brief Calls for Global Network to Support Climate Vulnerable Farmers
A new Think7 (T7) policy brief coauthored by ADBI’s Dil Rahut, Dina Azhgaliyeva, and Yixin Yao, and partner experts urges global policy makers to mobilize an international consortium to safeguard climate threatened small-scale farmers and food supplies. It explains how the Group of Seven (G7) could help boost the production capacity and supply chain participation of these farmers, who constitute around 85% of agriculture production worldwide, and build climate-resilience within the sector. It also encourages G7-driven promotion of agriculture education, credit access, agribusiness trade, and research to enhance sustainable and nutritious food supplies and access for consumers.
T7 Policy Brief Describes Global Cooperation Keys to Circular Economy, Green Recovery
A new T7 policy brief by ADBI Dean Tetsushi Sonobe, ADBI’s Linda Arthur and Derek Hondo, and coauthors urges the Group of Seven (G7) to build international partnership for circular economy development and energy transition vital to sustainable recovery amid increasing uncertainty. It describes the importance of coordination between government, the private sector, and multilateral development organizations to facilitate green technology transfer, policy innovation, and private investment, particularly in developing and emerging economies. It also explains how multi-stakeholder collaboration can underpin effective multilateralism needed to boost clean energy access and sustainable growth for all.
T7 Policy Brief Urges G7 Cross-Border Coordination to Bolster Central Bank Digital Currency Viability
A new Think7 (T7) policy brief coauthored by ADBI’s John Beirne explains how greater global interoperability of central bank digital currencies (CBDCs) can enhance payment system efficiency and financial inclusion while mitigating cybersecurity and financial crime risks. The policy brief underscores the important role of the Group of Seven (G7) in fostering coordination between central banks and international financial institutions to build secure digital infrastructure and a credible, globally accepted system that ensures central bank issued money’s relevance as a vehicle for monetary policy transmission and financial stability. It also highlights the role of digital education, financial literacy, and digital infrastructure in maximizing CBDC’s capacity to support inclusive growth.
ADBI Dean, Experts Present T7 Communique to Germany Chancellor Scholz Ahead of G7 Summit
ADBI Dean Tetsushi Sonobe and other senior experts from the Think7 (T7) presented Germany Chancellor Olaf Scholz with the T7 Communiqué in Berlin. The communiqué describes policy recommendations for the Group of 7 (G7) developed by ADBI and global think tank partners via the inaugural T7 process launched under Germany’s 2022 G7 presidency. Joined by ADBI Vice-Chair of Research John Beirne, Dean Sonobe introduced the T7 Sustainable Recovery Task Force, which he co-chaired, and its recommendations for boosting economic recovery that aligns with longer-term development targets. ADBI is expected to host the T7 in 2023, as part of Japan’s G7 presidency.
ADBI Encourages G7-Asia Alignment to Advance Sustainable Economic Recovery for All
New research championed by ADBI to help the Group of 7 (G7) promote sustainable recovery that lifts both developed and developing economies amid emerging challenges was spotlighted during the Think7 (T7) Summit in Berlin. Seven policy briefs coproduced by ADBI via T7 task forces encourage greater G7 cooperation with Asia to reinvigorate the global economy in-line with longer-term sustainable development targets. Dean Sonobe, Co-Chair of the T7 Task Force on Sustainable Economic Recovery, led T7 Summit discussions of ADBI’s guidance for scaling up green investment, tackling debt challenges, addressing COVID-19 learning disruptions, and building resilient supply chains and sustainable consumption.
ADBI Dean Leads T7 Discussion of Sustainable Economic Recovery Recommendations for G7
ADBI Dean Tetsushi Sonobe led a Think7 (T7) task force discussion on boosting global economic recovery in-line with longer-term sustainable development targets during the T7 Summit in Berlin. Dean Sonobe, Co-Chair of the T7 Task Force on Sustainable Economic Recovery, and Group of 7 (G7) government officials and stakeholders highlighted research-based recovery measures focused on scaling up green investment, tackling debt challenges, and building resilient supply chains. The approaches are detailed in policy briefs developed by the task force for consideration by the G7, taking into account the need for parallel coordination with developing economies in Asia and other global partners.
Germany Minister Supports ADBI T7 Leadership Ahead of Japan G7 2023 Presidency
Germany Federal Chancellery Head Wolfgang Schmidt expressed strong support for ADBI leadership in the Think7 (T7), in the runup to Japan’s 2023 Group of 7 (G7) presidency, during the opening of the T7 Summit in Berlin. In response to a question from ADBI Dean Tetsushi Sonobe on the G7’s future expectations for the T7, Minister Schmidt said that research-based policy recommendations and ADBI’s role in guiding them are becoming even more important. He explained that this is a result of Russia’s invasion of Ukraine and high energy and food prices, which disproportionately impact emerging economies. He encouraged ADBI and the T7 to promote greater multilateralism needed to accelerate sustainable economic recovery.
ADBI Dean Urges G7 to Leverage T7 Support to Drive Global Recovery Amid Uncertainties
ADBI Dean Tetsushi Sonobe explained how the Group of Seven (G7) can advance economic recovery amid high uncertainty during the Global Solutions Summit. A co-chair of the Think7 (T7) Sustainable Economic Recovery Task Force, he encouraged the G7 to utilize T7 policy innovation to secure supply chains, facilitate equitable technology transfer, and standardize regulatory and finance frameworks needed to boost green investment, a circular economy, and low-carbon transition. He also called for global action to address COVID-19 education disruptions to build more inclusive economies. ADBI’s Linda Arthur curated a session on promoting a circular economy across sectors and its potential to bridge human wellbeing and prosperity.
ADBI Shapes G7 Germany Policy Advisory Discussions, Promotes Asian-Led Recovery Solutions
ADBI experts led by Dean Tetsushi Sonobe have helped launch the policy advisory discussions of the Think7 (T7), the Group of 7’s (G7) think tank engagement group that is formally convening for the first time as part of Germany’s 2022 G7 presidency. Dean Sonobe, Co-Chair of the T7 Economic Recovery Task Force, explained during the T7 Inception Conference how policy innovation in Asia and the Pacific can foster more impactful G7-T7 outcomes vital to addressing the COVID-19 crisis and long-term sustainable development. The task force will explore next steps for reviving economies in alignment with global climate targets and the Sustainable Development Goals.
Learn about ADBI’s policy innovation and leadership in the T7—The G7’s think tank engagement group
- Tetsushi Sonobe, Asian Development Bank Institute (ADBI)
- Linda Arthur, ADBI
- Derek Hondo, ADBI
- Franz Jotzo, Australian National University
- Moekti Handajani Soejachmoen, Indonesia Research Institute for Decarbonization
- Manal Shehabi, Oxford University
Contact: Derek Hondo
- Tetsushi Sonobe, Asian Development Bank Institute (ADBI)
- Daniel Suryadarma, ADBI
- Dieter Dohmen, FiBS
- Michelle Kaffenberger, RISE Programme, University of Oxford
- Elizabeth King, Brookings Institution and Journal of Development Effectiveness
Contact: Daniel Suryadarma
- John Beirne, Asian Development Bank Institute
- Andy Filardo, Hoover Institution, Stanford University
- Mei Lin Fung, People Centered Internet
- Alicia Garcia Herrero, Natixis
- Simone Romano, Organisation of Economic Co-operation and Development
- Paola Subaacchi, Queen Mary University of London
- Mina Toksoz, Alliance Manchester Business School
- Paul van den Noord, University of Amsterdam and Amsterdam Centre for European Studies
- David Vines, Economics Department and Balliol College, University of Oxford
Contact: John Beirne