22-7-31 How PGII & IPEF could checkmate BRI - CaspianReport > .
Led by the United States, the G7 countries will work to address the $40 trillion worth of infrastructure needed by developing countries by 2035. The initiative aims to catalyze funding for quality infrastructure from the private sector and will encourage private-sector investments that support "climate, health and health security, digital technology, and gender equity and equality". The initiative builds on the Blue Dot Network, a collaboration that aims to build a global network through lending-based financing to build roads, bridges, airports, ports, power plants.
Krach announced the Blue Dot Network's global trust standards, which are based on "respect for transparency and accountability, sovereignty of property and resources, local labor and human rights, rule of law, the environment, and sound government practices in procurement and financing." Under Secretary Krach committed $2 million (USD) of U.S. State Department seed money for the steering committee and issued an invitation to other G7 members to join. On October 19, 2020, on behalf of the twelve Three Seas nations, President Kersti Kaljulaid endorsed the Blue Dot Network and the Three Seas Summit in Tallinn, Estonia.
BBB was first officially described in the United Nations' Sendai Framework for Disaster Risk Reduction document, which was agreed on at the Third UN World Conference on Disaster Risk Reduction held on March 14–18, 2015, in Sendai, Japan. It was adopted by UN member states as one of four priorities in the Sendai Framework for disaster recovery, risk reduction and sustainable development. The UN General Assembly adopted this document on June 3, 2015.
The plan is divided into three parts: the American Rescue Plan, a COVID-19 relief package, which passed in March 2021; the American Jobs Plan, a proposal to rebuild America’s infrastructure and create jobs; and the American Families Plan, a proposal to invest in areas related to childcare and education. As of October 27, 2021, the American Rescue Plan is the only plan that has been signed into law, though proposals featured in the American Jobs Plan have been passed in the Senate through the Infrastructure Investment and Jobs Act. Proposals featured in the American Families Plan are currently under negotiations through the Build Back Better Act.
- "Build a Modern Infrastructure": The United States has consistently underinvest in the development of workers and millions of positions in rising industries, such as construction and healthcare, have not been fulfilled. President Biden's Build Back Better Plan would invest in training initiatives to help the millions of American workers to create high-quality employment in expanding fields through high-quality career and technical education paths and registered apprenticeships.
- "Position the U.S. Auto Industry to Win the 21st Century with technology invented in America"
- "Achieve a Carbon Pollution-Free Power Sector by 2035"
- "Make Dramatic Investments in Energy Efficiency in Buildings, including Completing 4 Million Retrofits and Building 1.5 Million New Affordable Homes": Schools were faced with an estimated shortage of 100,000 teachers before the pandemic, which undermined the education of children. President Biden's Build Back Better Plan will address the lack of teachers and enhance the education of teachers, including providing teacher residencies and by developing programs that provide greater results and generate more POC teachers. During the course of the school year, it would extend free school food to another 9.3 million students and assist families buy food in the summer. The plan includes investing in modernizing school infrastructure to ensure school buildings are up to date, energy efficient, robust, and have technology and laboratory equipment to educate children for the future.
- "Pursue a Historic Investment in Clean Energy Innovation"
- "Advance Sustainable Agriculture and Conservation"
- "Secure Environmental Justice and Equitable Economy Opportunity"
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