G7 establishes Climate Club to support green transition |...

G7 establishes Climate Club to support green transition | Reuters



Tue, December 13, 2022 at 1:14 AM·1 min readBERLIN, Dec 12 (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.

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. (Writing by Paul Carrel Editing by Mark Potter)"

For those of you who dont know, the G7 is an informal grouping of seven of the world's advanced economies, including Canada, France, Germany, Italy, Japan, United Kingdom, United States and European Union. Nothing like a good old rich boys club wanting some of them magnetite!