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Can Climate Clubs Cut Carbon Emissions?

A more pragmatic approach to raising countries’ climate ambitions might could have a greater impact than explicit carbon pricing.

A new idea for tackling climate change emerged last week from the Group of Seven (G7) leaders’ summit in Bavaria, backed by Germany, which holds the forum’s revolving presidency. A brief statement committed the world’s leading democratic economies to forming a ‘climate club’, to “support the effective implementation of the…

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