Germany, which chairs the Group of Seven industrialized countries, said in a statement that the economic group decided on Monday to create an international climate club, inviting interested countries with ambitious climate policies.
Germany added that the G7 will ask the Organization for Economic Co-operation and Development and the International Energy Agency to host the interim secretariat of the Climate Club.
“Through the socially just transition of the Climate Club and our industries towards climate neutrality, we will make a significant contribution to the achievement of global climate goals,” German Chancellor Olaf Scholz said in a statement.
Robert Habeck, finance minister and vice chancellor of Germany, added that the G7 wants to bring climate-friendly products like green steel to market faster and improve capacity around the world.
“In this context, the club intends to strengthen international partnerships and cooperation agreements to support countries in their transformation,” said Habek.
Source: Al Ittihad
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