Members of the Group of Seven major economies made a commitment on Tuesday to create a new “climate club” for nations seeking more ambitious measures to tackle global warming.
The G7 also made its continued support for efforts to limit global warming to 1.5 degrees Celsius this century compared to pre-industrial times clear, setting out many of the policies it will enact to curb its own emissions and help poorer nations to do so.
Countries with club membership will try to harmonize their actions to be comparable, and avoid their members imposing climate-related tariffs on each others “imports.
Scholz concluded the three-day summit by saying the aim was to ‘ensure that climate protection is a competitive advantage, not a disadvantage’.
Details of the proposed climate club would be finalised later this year, it added.
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