Global leaders urged to prioritize climate action and cooperation at G7 summit.

European Commission President Ursula von der Leyen called for transparency on industrial subsidies during the G7 summit, asking leaders to play fair when it comes to green technology. The EU and the US are still trying to reach a deal allowing European companies to share in billions of dollars in US tax incentives for electric vehicles. The G7 is also focusing on cooperation in critical raw materials as part of a broader strategy of economic security amid the threat of overdependency on China.