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The new German finance minister, Christian Lindner, has聽聽climate action and sustainable finance will be two core topics during the country鈥檚 G7 presidency throughout 2022. Lindner said the current economic and financial turmoil around the world resulting from the coronavirus pandemic had highlighted the need for a concerted response by the influential G7 economies.聽鈥淭hat鈥檚 why we鈥檒l also put digital transformation and the transition towards a climate neutral economy on the finance ministers鈥� and central bank leaders鈥� agenda,鈥� he said. Lindner, head of the pro-business Free Democratic Party (FDP), will invite his G7 colleagues to a finance summit in Bonn on聽18 - 20聽May and will also coordinate the positions of the group鈥檚 finance ministers in other international settings, such as the G20. 鈥淲e need to grow out of this crisis with solid state budgets and tackle climate change,鈥� he said.

The new German government coalition, which includes the FDP, the Social Democrats (SPD) and the Green Party, wants to use this year鈥檚 G7 presidency to聽generally improve the coordination of global efforts to combat climate change. Finance minister Linder, whom some international observers have suspected of becoming the new face of German parsimony, has sought to assuage doubts he could stay tight-fisted in funding emissions reduction measures, arguing his role will be to enable the government to carry out its climate plans financially in line with market principles.