Heads of state from the G7 nations will gather in Germany this year for the annual G7 meet. Germany wants to focus on inflation, global warming, global energy crisis and Russia’s invasion of Ukraine.
The German chancellor Olaf Scholz wants to stress on the establishment of a ‘climate club’. The idea of the Climate Club was floated by Nobel Prize winner William Nordhaus, an economist from Yale, who said the voluntary nature of climate agreements. He proposed that countries with a serious commitment to curbing emissions should form a group, set ambitious targets and exempt each other from trade tariffs that non-member countries will have to face.
Germany hopes to get the whole G7 in the club, but in the US the republicans have a history of pulling out of binding climate agreements, Britain has will be sceptical of signing a contract with only EU member states in it and China has more reasons to not join the club it also tried to steer South Africa and Indonesia away from the club.
Johan Rockstrom, director of the Potsdam Institute for Climate Impact Research thinks that the ‘climate club’ idea is worth a try since all previous plans have failed to live up to expectations.
A CSR Initiative of
Designed and Executed by
Implemented by
Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
