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EXPLAINER: Why Germany is pushing for a ‘climate club’

FILE - Smoke and steam rise from towers at the coal-fired Urumqi Thermal Power Plant as seen from a plane in Urumqi in western China's Xinjiang Uyghur Autonomous Region on April 21, 2021. At the G-7 summit, Germany will push its plan for countries to join together in a ‘climate club' to tackle global warming. This could put pressure on major polluters in the developing world, such as China and India, to step up their efforts or see their exports slapped with tariffs. (AP Photo/Mark Schiefelbein, File) FILE - Yale University Professor William Nordhaus, one of the 2018 winners of the Nobel Prize in economics, speaks about the honor Oct. 8, 2018, in New Haven, Conn. At the G-7 summit, Germany will push its plan for countries to join together in a ‘climate club' to tackle global warming. The idea was first floated by Nordhaus, who said the voluntary nature of existing climate agreements hasn’t resulted in sufficient progress. (AP Photo/Craig Ruttle, File) FILE - German Chancellor Olaf Scholz attends the presentation of a special stamp of the German mail service Deutsche Post for the upcoming G-7 summit, at the chancellery in Berlin, Germany, June 15, 2022. At this year's G-7 summit, Germany will push its plan for countries to join together in a ‘climate club' to tackle global warming. Members of the club would agree on ambitious emissions targets and exempt each other from climate-related trade tariffs. (AP Photo/Markus Schreiber, File)