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Climate Club starts work on decarbonization of industry

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Published: April 30th, 2024,
Last updated: May 28th, 2025

Chancellor Olaf Scholz visiting the flood area in Verden an der Aller in winter of 2023; Scholz suggested the establishment of a Climate Club when he was Minister for Financial Affairs.

The Climate Club for a climate-neutral industry began its work last Thursday on the fringes of the Hannover Messe. Representatives of the 38 member states, including China, the USA, India, the EU, Kenya, Kazakhstan, Mozambique and Vanuatu, met under the chairmanship of Germany and Chile to clarify common standards for the path to a climate-neutral cement and steel industry. According to the German Federal Ministry of Economics, this involves international cooperation on standards and emissions measurement – but also a common understanding of „carbon leakage“, i.e. the migration of industrial production due to climate policy measures.

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