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GZERO Summit on sustainability: COVID-19’s promise on ESG

The forced slowdown of global economic activity due to the coronavirus pandemic has slashed carbon emissions around the world, opening a unique opportunity to make real progress in the fight against climate change. But there is fear that it won't be enough, and the world will go back to its old ways when we get rid of COVID-19. However, even before the public health crisis, some major emitters had already taken ambitious steps to rethink how to make their own policies more sustainable.

In Canada, the prominence of oil in the economy doesn't mean that it should hide from the existential challenge of climate change. Fossil fuel profits make Canada not only more responsible but gives the nation the resources to commit to a bold climate policy, Canadian Minister of Natural Resources Seamus O'Regan said during a panel discussion on sustainability at the 2020 GZERO Summit in Japan.

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What We're Watching: Japan's new leader, Moria refugees in limbo, Lebanon's blown deadline

Who's Japan's new PM? The world's third largest economy has a new prime minister after the Japanese parliament voted to elect Yoshihide Suga to the top job just weeks after Shinzo Abe, Japan's longest serving prime minister, resigned because of health problems. Suga, a former cardboard factory worker and close political confidant of Abe for almost a decade, was elected to head the governing Liberal Democratic Party (LDP) with 70 percent of the parliamentary vote. There's widespread consensus among political observers that Suga, known as a pragmatist, will seek to continue Abe's political agenda and legacy, with one commentator dubbing him an "Abe substitute." Suga's cabinet also includes many former Abe loyalists, suggesting a continuation of his policies. Japan now faces twin economic and health crises, while experts say a second wave of infection has already hit the country. One key decision for Suga is whether to move forward with the Olympic games, which Tokyo is still slated to host next summer despite uncertainty about the pandemic.

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