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