G8

The Group of Eight (G8, and formerly the (G6) or Group of Six) is an international forum for the governments of Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, the United States and the European Union (but the EU does not have the right to host or chair a meeting). The G8 can refer to the member states or to the annual summit meeting of the G8 heads of government. The former term G6 is now frequently applied to the six most populous countries within the European Union (see G6 (EU)). G8 ministers also meet throughout the year, such as the G7/8 finance ministers (who meet four times a year), G8 foreign ministers or G8 environment ministers.

Each calendar year, the responsibility of hosting the G8 rotates through the member states in the following order: France, United States, United Kingdom, Russia, Germany, Japan, Italy and Canada. The holder of the presidency sets the agenda, hosts the summit for that year and determines which ministerial meetings will take place. Lately, both France and the United Kingdom have expressed a desire to expand the group and include five developing countries, referred to as the Outreach Five (O5) or the Plus Five: Brazil, China, India, Mexico and South Africa. These countries have participated as guests in previous meetings, which are sometimes called G8+5.

At the Heiligendamm Summit in 2007, the G8 acknowledged a proposal from the EU for a worldwide initiative on energy efficiency. They agreed to explore, along with the International Energy Agency, the most effective means to promote energy efficiency internationally. A year later, on 8 June 2008, the G8 along with China, India, South Korea and the European Community established the International Partnership for Energy Efficiency Cooperation, at the Energy Ministerial meeting hosted by Japan holding 2008 G8 Presidency, in Aomori.

G8 Finance Ministers, whilst in preparation for the 34th Summit of the G8 Heads of State and Government in Toyako, Hokkaido, met on the 13th and 14th June 2008, in Osaka, Japan. They agreed to the “G8 Action Plan for Climate Change to Enhance the Engagement of Private and Public Financial Institutions.” In closing, Ministers supported the launch of new Climate Investment Funds (CIFs) by the World Bank, which will help existing efforts until a new framework under the UNFCCC is implemented after 2012.