The Prince of Wales has hailed the G7 summit as a ‘game-changing opportunity’ to help create a partnership between governments, business and private finance to finally tackle the ‘existential crisis’ of climate change.
Charles’ comments were made to a group of chief executives and business leaders – including fashion designer Stella McCartney – gathered by the prince in preparation for a meeting with world leaders in Cornwall on Friday, ahead of the G7 summit.
Meeting at St James’ Palace the prince, 72, told the executives: ‘We do have a potentially game-changing opportunity to drive forward the partnerships between government, business and private sector finance that are of course absolutely vital if we are to win the battle to combat climate change and biodiversity loss.’
The Prince of Wales, 72, met with business leaders including Stella McCartney, 49, at St James’ Palace in London today in preparation for the G7 summit on Friday
Charles’ comments were made to a group of chief executives and business leaders – including fashion designer Stella McCartney (pictured in a blue dress)
He went on to say: ‘So working together, and in the closest possible partnership with governments, we can move – and actually are moving or beginning to – mountains.
‘As I’m afraid I’ve been trying to say for several decades, unless we actually unlock private sector resources, innovation and finance, with the public sector setting a framework of incentives and regulation, we just don’t stand a chance of solving the existential crisis we have engineered over the years.’
At the beginning of the year Charles launched his ambitious Magna Carta-style charter to encourage the private sector to safeguard the planet by adopting sustainability and invest 10 billion dollars (£7.3 billion) in ‘natural capital’.
Prince Charles hailed the meeting with world leaders to be held in Cornwall as a ‘game-changing opportunity’ to tackle the climate crisis and invest in the planet
Today, Prince Charles announced the Terra Carta Transition Coalitions, an organised, global collective working together to drive investment towards a sustainable future for Nature, People and Planet that was signed by business leaders, including Stella McCartney.
And he is likely to be invited to COP26, the UN Climate Change summit being hosted in Glasgow this autumn, to speak on the subject of the environment and climate change, issues he has been championing for decades.
The prince told the business leaders at the palace: ‘We are all committed, in our own ways, to devoting every fibre of our being to make sure that this really is the year we turn a corner and start winning this battle.
‘The G7 is, of course, important both in itself and as a stepping stone to the G20 and then COP26; and it is hugely encouraging to see everyone in this room joining forces to ensure that ambition translates into action – at last.’