Ahead of the G20 Summit in Rome, Italy, Oxfam calls on G20 leaders to take urgent action to dramatically scale up manufacturing and access to COVID-19 vaccines around the world, promote a fair economic recovery, fight hunger, lower dangerous greenhouse gas emissions, and help the poorest countries adapt to the climate change already happening.
Leaders at this G20 Summit in Rome, Italy, must tackle the unforgivable scandal of vaccine inequality and systemic mismanagement of the coronavirus pandemic, which has sparked an unprecedented wealth grab.
Rich countries originally promised that any successful vaccine would be “a global public good” and pledged 1.8 billion doses to develop countries. A year later, they have delivered just 261 million (14%). While their own vaccination rates are high, at 63%, just 1.8% of people living in poorer parts of the world have been fully vaccinated.
“Meeting in Rome at such a time of public health and economic turmoil, amid a worsening climate crisis, G20 leaders have a choice – either take urgent action against COVID-19, hunger, and climate change or continue doing what they have been doing, taking some of the talks but walking none of the walks,” said Oxfam’s Senior Advisor, Jörn Kalinski.
Rather than supporting common-sense proposals by India and South Africa for trading nations to waive the intellectual property rights and patents on vaccine technology, in order to increase production and lower vaccine costs for all, rich countries have instead hoarded more vaccine doses than they need and supported the pharmaceutical companies to retain all of the vaccine science and know-how.
“None of us are safe from the coronavirus until all of us are safe, but rich countries and pharmaceutical corporations have instead created a vaccine apartheid,” said Kalinski.
“In Rome, G20 leaders must put aside their differences and starting the process to share the rights and the technology to vaccines, and scaling-up manufacturing around the world to ensure everyone has access to them.”
G20 leaders must also pursue a more equitable economic recovery and help to fight the scourge of growing hunger, around the world. More than 40 million people experience extreme levels of hunger primarily due to economic shocks largely caused by the pandemic. Mass unemployment and severely disrupted food production have led to a 40% surge in global food prices – the highest rise in over a decade.
“The pandemic has both highlighted and exacerbated our broken and unequal economic system,” said Kalinski. “Billionaire wealth has jumped from $8 trillion to $15 trillion in just two years while hundreds of millions of people now face crisis-levels of hunger and poverty. Together, the G20 can make a dramatic difference, by showing political will, and using its multilateral leadership to create a better future.”
The outbreak of the COVID-19 pandemic has posed unprecedented challenges for governments all over the world. The discrepancy in financing abilities between countries is striking: throughout 2020 advanced economies spent about 20% of their combined GDP to support their people, whereas the emerging markets and low-income countries’ support stood at only 5% and 2% respectively. This requires an urgent G20 action to address, equitably and effectively, the constraints caused by high levels of indebtedness and shortage in domestic resources in the most vulnerable contexts of the globe.
Oxfam is also calling for G20 action to tackle the climate crisis, which is exposing the unequal and devastating effects of extreme weather events, rising temperatures, and sea level rises on the most vulnerable communities around the world. The poorest people, with the fewest resources, and who have done the least to cause the problem, are being hardest hit.
“We still have time to reverse course and prevent the worst impacts of climate change,” said Kalinski.
“G20 leaders must use this summit to signal their collective commitment to tackling climate change before the COP26 negotiations start in Glasgow next week.”
Oxfam calls on G20 leaders meeting in Rome to:
- Lift patents and share COVID-19 vaccine know-how and technology, invest in decentralized vaccine manufacturing hubs in developing countries, and redistribute existing vaccines equitably.
- Boost their climate actions by submitting ambitious NDCs based on their fair share ahead of COP26 and increasing their pledge of climate finance.
- Ensure a generous reallocation of Special Drawing Rights (SDRs) from richer countries to the developing ones that have to be interest- and conditionality-free and additional to existing ODA and climate finance commitments.
- Keep working on the package of tax reforms that have just been agreed to recover fairness and address more effectively and in a truly inclusive way corporate profit shifting and damaging effects of tax competition.
- Support and invest in universal social protection systems that can be flexibly scaled to address health, climate, and economic shocks such as the pandemic and its consequences like the hunger crisis.
“G20 leaders must choose between a brighter, healthier, and more sustainable future for all or extreme wealth for just a few,” said Kalinski. “This is the time for G20 leaders to be bold. They can help win against the pandemic and create a just and equitable world for all of us to thrive, not just survive.”
