According to Charles, the G7 summit represents a game-changing opportunity to address climate change.

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According to Charles, the G7 summit represents a game-changing opportunity to address climate change.

The G7 summit has been praised by the Prince of Wales as a “game-changing chance” to help forge a cooperation between governments, business, and private financing to finally address climate change’s “existential problem.”

The prince made his remarks to a group of CEOs and business leaders, including fashion designer Stella McCartney, who had met with him in Cornwall ahead of a meeting with world leaders on Friday.

“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 told the executives at St James’ Palace.

We simply do not stand a hope of solving the grave problem we have constructed over the years unless we genuinely release private sector resources, innovation, and finance, with the public sector providing a framework of incentives and regulation.

“So, working together and in the closest possible relationship with governments, we can move – and are moving or beginning to move – mountains,” he continued.

“As I’m afraid I’ve been trying to say for decades, we simply don’t stand a hope of solving the existential problem we’ve constructed until we genuinely unlock private sector resources, innovation, and finance, with the public sector providing a framework of incentives and regulation.”

Charles introduced his ambitious Magna Carta-style charter in the beginning of the year to inspire the business sector to protect the earth by adopting sustainability and investing 10 billion dollars (£7.3 billion) in “natural capital.”

He is also likely to be invited to speak at COP26, the United Nations Climate Change Conference, which will be held in Glasgow this autumn, on the subject of the environment and climate change, which he has championed for decades.

“We are all dedicated, in our own ways, to devoting every fiber of our being to make sure that this is the year we turn a corner and start winning this,” the prince told the business leaders visiting the palace. (This is a brief piece.)

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