G-7 forms climate club to combat global warming

Context 

Leaders from the Group of Seven (G7) have committed to forming a new "climate club" for countries that want to take a more active stance to combat global warming.

• The G7 is a club of the world's major economies, who had gathered in Elmau, Germany, along with leaders from Argentina, India, Indonesia, Senegal, and South Africa, as well as Ukraine.

What is the new climate club?

• The climate club is the brainchild of German Chancellor Olaf Scholz, who will be looking upon nations to join the club to 
• The club’s mandate is to commit to harsher measures to decrease greenhouse gas emissions with the goal of keeping global temperatures from rising more than 1.5 degrees Celsius.
• Members of the club will attempt to coordinate their policies so that they are similar and do not impose tariffs on each other's imports connected to climate change. 
• The plan has been given a green light by the leaders though the final details are yet to be ironed out, which will happen by the end of the year.
• The new club will be "inclusive in nature and open" to countries determined to fully follow the 2015 Paris climate agreement.
  
  

The supporting hand

• The Organisation for Economic Co-operation and Development, the International Monetary Fund and the World Bank are supportive of the effort. 
• Currently, the members of the club only include the G-7, leaving out major polluters including China, India, Indonesia and South Africa.