The Group of Seven (G7) economic powers should align international climate protection ambitions along the lines of a 'climate club' proposed by German Chancellor Olaf Scholz, the head of the Business 7 (B7) group of industry lobbies said on Wednesday.
German Chancellor Olaf Scholz speaks during a joint news conference with German Economy and Climate Minister Robert Habeck and German Finance Minister Christian Lindner in Berlin, Germany, January 21, 2022.
The B7 comprises the leading business and industry federations of the G7 states. It was founded on the initiative of BDI in 2007. The group viewed energy supply security and diversification as paramount, a stance that had been underscored by war in Ukraine and the possibility of Russia stopping pipeline shipments of natural gas to Europe, Russwurm added.
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