On Monday, 16 May 2022, Climate Strategies will organise a discussion exclusively for our members on Climate Clubs vs Alliances and their role in fostering international cooperation around decarbonisation of various industries.
At COP26 major emitters from across the globe committed to climate neutrality, and breakthrough alliances emerged and were initiated focusing on particular industries, with clean steel being one such example. The intended purpose of these alliances is to facilitate international cooperation to realise climate neutrality, and to avoid competition that limits climate action, and is harmful to local economies. More recently Germany proposed a concept for a climate club to the G7, which would coordinate and support international carbon prices and prevent leakage.
However, if cooperation is to be sustainable and effective the nuances as to how it can be achieved and operationalised needs to be understood, and varying approaches and forms of cooperation need to be compared.