Climate Club

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Overview:

Recently, the Climate Club was formally launched at the 28th Conference of Parties (COP28) to the United Nations Framework Convention on Climate Change.

About Climate Club

  • It is led by Germany and Chile, the Club has garnered support from 36 member countries including Kenya, the European Union, Switzerland and others.
  • It aims to make decarbonisation of industries successful for climate and businesses, through ambitious policies, alignment of methodologies and standards and improving finance and assistance for emerging and developed economies.
  • The activities of the club are divided into three key pillars:-
    • Pillar 1: Advancing ambitious and transparent climate change mitigation policies.
    • Pillar 2: Transforming industries
    • Pillar 3: Boosting international cooperation and partnership 
  • Two co-chairs will be elected for two-year terms for the Club. Currently, Germany and Chile serve as the co-chairs.
  • A body of members will determine the scope and approve the work programme, budget and amendments.
  • Furthermore, a steering group will be formed to support the body of members when the Club reaches 40 members.
  • A secretariat will be formed to implement the work program.
  • Currently, Organisation for Economic Co-operation and Development and International Energy Agency are the joint interim heads of secretariat.

Q1) What is the Organisation for Economic Co-operation and Development (OECD)?

It is an international organisation of 38 countries committed to democracy and the market economy. Its members are typically democratic countries that support free-market economies. It was established on Dec. 14, 1960, by 18 European nations, plus the United States and Canada.

Source: COP28: Germany unveils Climate Club to tackle industrial emissions