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006 THE NEW ECONOMYOPENING REMARKSTaormina, one of the most beautiful Mediterranean cities, was chosen for this year’s G7 Summit for its symbolism, merging the concepts of hope and hospitality. Drawing on hope and clear in its mission, the 2017 G7 Presidency’s agenda will focus on ‘Building the Foundations of Renewed Trust’. Rampant populism, resulting from citizens’ increasing scepticism of their governments’ ability to deliver on important issues, poses a formidable challenge. People’s security, our environmental sustainability and economic wellbeing are coming under increasing threat. However, the G7, in its task to adopt policies aimed at meeting their citizens’ overall expectations, must also do more to address climate change.For ‘meeting emission and adaptation targets will essentially require a restructuring of the global economy; upgrading inefficient and climate vulnerable infrastructure, scaling up renewable energy generation, improving energy efficiency, modal shifts in transport and new forms of agricultural practice and land-use management.’ – Eric Usher, Head of the United Nations Environment Programme Finance Initiative (UNEP FI).We owe it to present and future generations not to undermine the progress that was achieved from the Paris Agreement. For that, we salute the courage and conviction of climate leaders such as California’s Governor Jerry Brown, who asserts that: ‘When the science is clear or when our own eyes tell us that the seats in this chamber are filled or that the sun is shining, we must say so, not construct some alternate universe of non-facts that we find more pleasing.’ We also commend the outstanding efforts and achievements of our industry partners, going the extra mile in embracing the new economy and being a force for good in today’s rapidly changing industrial landscape.As Patricia Espinosa states in her Introduction, ‘the G7 countries, as the club of the richest industrialized nations, can play a key role in raising ever higher ambition and action that in turn can benefit their national economies and the rest of the globe.’ For we, the citizens of the concerned world, rightly ‘hope’ that we can ‘trust’ the G7 can get down to the challenging task of implementing their pledges and getting on track to a low-carbon, resilient world. James D. ButlerBusiness DevelopmentEditor-in-Chief Gary Nichols-RothExecutive Editor Elizabeth RenskiAssociate Editor Georgina BriskGlobal Business Development Director James D. ButlerProject Director Manuel BoscoHead of Social Media Katrine CarstensGlobal Head of Research Dana BrejakovaResearch Manager Carmen ValacheHead of Production Stella JonesDesign Touchline.comCover The Ancient Greek Theatre in Taormina, Italy. ShutterstockPublished by World News - CLIMATE CHANGE The New Economy Ltd 75 Albany Mansions, Albert Bridge Road, London, SW11 4PQ Telephone: +44 (0)203 742 5320 Email: gary.nichols-roth@climatechange- theneweconomy.comFor additional copies of CLIMATE CHANGE The New Economy (CCTNE) please contact: copy@productionoffice.uk.comPrice: £45.00 US$55.00 €50.00About World News – CLIMATE CHANGE The New Economy Ltd. We promote independent and informed discussion on issues related to climate change – especially the implementation of clean technology – through high quality publications aimed at political and business leaders and opinion formers. Working with national and international agencies we aim to reach the widest possible audience with a clear and accessible argument for a decisive action against climate change.The views and opinions expressed in this publication do not necessarily reflect the views of the Publisher or the Editor.While every care has been taken in the preparation of this publication, neither the Publisher nor the Editor are responsible for any inaccuracies in the content of the articles presented.