Climate Club

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

ABOUT CLIMATE CLUB

• It is an initiative aimed at cooperation between countries in decarbonising the industrial sector.
• It was first proposed by Germany during a G7 summit meeting.
• Led by Germany and Chile, the Club has garnered support from 36 member countries including Kenya, the European Union, Switzerland and others.
  • India is not a member.
• The Club is claimed to currently represent 55 per cent of the global economy.
• The Climate Club 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 Club’s core idea is based on the fact that the hard-to-abate sectors, including steel, cement, and chemicals, are responsible for about 70 per cent of global CO2 emissions from industry, and developed countries account for a significant share of these emissions.
• At the launch of the Club at COP28, the Climate Change Work Programme 2024 was put forward which details programmatic activities of the club. The activities 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