BERLIN: The Group of Seven leading economies have created an open, international climate club for countries that want to cooperate in the fight against global warming, German Chancellor Olaf Scholz said on Monday after a video conference with other G-7 leaders.Scholz said the new forum group “is not intended to be a G-7 initiative; rather, it is to be a global undertaking.”
The climate club aims to support the rapid and ambitious implementation of the Paris Agreement, which seeks to limit global warming to 1.5 degrees Celsius, according to the German government. Monday was the seventh anniversary of accord's adoption. Committed developing and emerging countries that join the club are to receive support to push ahead with the transformation of their industries.
New figures published Monday show Germany itself was slow to ramp up renewable energy production this year.
Source: Energy Industry News (energyindustrynews.net)
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