Berlin: According to Prime Minister Anthony Albanese, Australia is joining the "climate club" supported by the Group of Seven major economies to take more aggressive action against climate change.
Nobel Prize winner William Nordhaus first suggested the club as a way to encourage nations to voluntarily set high targets for reducing climate change and then demand that trading partners meet those same standards. Major emerging economies like China, the nation with the highest greenhouse gas emissions, oppose such actions.
"We're very happy to join the climate club because we're ambitious and we also see that this is the right thing to do for jobs and our economy in addition to the environment,"
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Since addressing climate change cannot be done as a purely national issue, cooperation and sharing of knowledge among us is one thing we can do. By definition, it must be a global response, according to Albanese.
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The Albanese government pledged last year to almost double the prior goal and reduce greenhouse gas emissions by 43 percent by the end of the decade. A law requiring Australia's biggest greenhouse gas polluters to reduce their emissions or purchase carbon credits was approved by Parliament in March.
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Argentina, Chile, Denmark, Indonesia, Colombia, Luxembourg, the Netherlands, Switzerland, Singapore, and Uruguay are additional nations that have joined the climate club.