Climate Club is unveiled at COP-28 summit

Climate Club is unveiled at COP-28 summit

Daily Current Affairs / Climate Club is unveiled at COP-28 summit

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Category : Science and Tech Published on: December 07 2023

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COP – 28 summit is being organized in Dubai, United Arab Emirates.
The Climate Club has been unveiled at this conference.
This club has been proposed by Germany and Chile.
The club has received support from 36 member states including the European Union, Switzerland and others.
Each of them is committed to efforts to develop strategies and standards for decarbonization.
This club currently represents 55 percent of the global economy
The objective of this club is to facilitate cooperation between countries in decarbonizing the industrial sector.
The Climate Club aims to drive successful decarbonization of industries for climate and businesses through the integration of ambitious policies, methodology and standards, and improving finance and support for emerging and developed economies.
Climate Club has 3 pillars -
Pillar 1: Advancing ambitious and transparent climate change mitigation policies.
Pillar 2: Transformation of industries.
Pillar 3: Promoting international cooperation and partnerships.

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