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22-6-26
PGII (B3W) ..
Build Back Better World (B3W) is an initiative undertaken by
G7 countries. Launched in
June 2021, the initiative is designed to
counter China's strategic influence of the BRI Project (Belt and Road Initiative) by providing an
alternative to the Belt and Road Initiative for the
infrastructure development of the
low and middle income countries.
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.
The B3W efforts are in line with the standards and principles of the
Blue Dot Network, relating to the
environment and climate, labor and social safeguards, financing, construction, anticorruption, and
other areas. On
November 4, 2019, U.S. Under Secretary of State
Keith Krach formally launched the Blue Dot Network with his Australian and Japanese counterparts with access to $60 billion (
United States dollars) of capital from the
U.S. International Development Finance Corporation ("DFC") at the Indo-Pacific Business Forum in Bangkok.
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.
On June 7, 2021, the
OECD committed to support the Blue Dot Network at the meeting of the Executive Consultation Group in Paris, France. On
June 16, 2021, Keith Krach was awarded the Westernization Award by StrategEast for his work as Under Secretary of State in the country of
Georgia for leading the Clean Network and Clean Infrastructure initiatives which provides an alternative to the "One Belt One Road" for the countries of Eurasia and is supported by all G7 countries as the "Build Back a Better World".
Building Back Better (BBB) is a strategy aimed at reducing the risk to the people of nations and communities in the wake of future disasters and shocks. The BBB approach integrates
disaster risk reduction measures into the restoration of physical infrastructure, social systems and shelter, and the revitalization of livelihoods, economies and the environment.
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.
21-11-18
House Votes To Pass Build Back Better Legislation (D for; R against) > .
The
Build Back Better Plan, also known as the
Build Back Better Agenda, plan is a
projected $1.7 trillion COVID-19 relief, future economic, and infrastructure package proposed by President Joe Biden. If fully enacted, it would include investments in
infrastructure, and is projected to create 10 million
clean-energy jobs. Expenditures would also include government funds on
housing, education, economic fairness and
health care.
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.
Shortly before the
inauguration of Joe Biden as the 46th
president of the United States, Biden laid out the following goals for his "Build Back Better" agenda:
- "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"
