The principle is simple: members go first, interested parties follow, join in - and are finally admitted to the club. This is how the new 'climate club', devised by German Chancellor Olaf Scholz and launched at the G7 summit, is supposed to work. But who really benefits from the club?
Plan is that the G7 and particularly ambitious countries make a start as climate protectors with other countries following suit. Non-members could face long-term penalties in the form of tariffs or import bans. The aim is to increase international pressure on climate sinners and speed up the energy transition.
Not a new thought though: The German Chancellor already had the idea for his climate club when he was still Finance Minister under Angela Merkel. ...