Latest News

G7 establishes Climate Club to support green transition


G7 establishes Climate Club to support green transition By Reuters

Breaking News


Economy 12 minutes ago (Dec 12, 2022 17:20)

© Reuters. German Chancellor Olaf Scholz holds a news conference following a virtual meeting with fellow G7 leaders, in Berlin, Germany, December 12, 2022. REUTERS/Michele Tantussi

BERLIN (Reuters) – The Group of Seven (G7) economic powers decided on Monday to set up an international Climate Club and invited interested states that pursue ambitious climate policies to join it, G7 chair Germany said in a statement.

The G7 is asking the Organisation for Economic Cooperation and Development (OECD), in tandem with the International Energy Agency (IEA), to host an interim secretariat for the Climate Club, Germany added.

“With the Climate Club and the socially just transition of our industries towards climate neutrality, we are making an important contribution to achieving global climate targets,” German Chancellor Olaf Scholz said in a statement.

German Economy Minister and Vice Chancellor Robert Habeck added the G7 wanted to bring climate-friendly commodities, such as green steel, onto the market more quickly and to improve the opportunities for them worldwide.

“In this context, the Club is intended to advance international partnerships and cooperation agreements with a view to supporting countries in their transformation,” Habeck said.

G7 establishes Climate Club to support green transition

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

UK has no plan to cut interest BoE pays to banks: Treasury official

Previous article

: Smaller deals gain favor as private equity pros look toward 2023

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News