Australia joins G7-backed 'climate club' and promises to drive down greenhouse gas emissions

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Australia joins G7-backed 'climate club' and promises to drive down greenhouse gas emissions
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Such moves are opposed by major emerging economies like China, the world's biggest emitter of greenhouse gas. 9News

The club was first proposed by Nobel Prize winner William Nordhaus as a way of getting countries to voluntarily set high targets for curbing climate change and then require trading partners to meet those same standards., the world's biggest emitter of greenhouse gas.German Chancellor Olaf Scholz, right, and Australian Prime Minister Anthony Albanese shake hands after a news conference following a meeting at the chancellery in Berlin, Germany, Monday, July 10, 2023.

"We're very pleased to join the climate club because we are ambitious and we also see that this isn't just the right thing to do by the environment, but this is also the right thing to do by jobs and by our economy," Albanese said at a news conference in Berlin after meeting German Chancellor Olaf Scholz, who made the idea a key pillar of his G7 presidency last year.

"One thing we can do is to cooperate and learn off each other, because you can't address climate change as just a national issue. It has to be by definition, a global response," Albanese said.parliament passed a law requiring Australia's biggest greenhouse gas polluters reduce their emissions or pay for carbon credits.

Other countries that have joined the climate club include Argentina, Chile, Denmark, Indonesia, Colombia, Luxembourg, the Netherlands, Switzerland, Singapore and Uruguay.

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