A G7 Climate Club to Booster Transatlantic Relations?

Since January, Germany has held the presidency of the Group of 7 (G7). In line with its own national priorities, the German government announced ambitious climate policy goals for its G7 presidency. They included accelerating the global coal phase-out and enhancing sectoral decarbonization. The G7 presidency also introduced the concept of a G7-based climate club, which represents an opportunity to intensify transatlantic climate and energy relations.

Germany’s G7 Presidency

Energy security, high expectations, and a climate club?

In 2022, Germany assumed the presidency of the Group of 7 (G7). Its term got off to an ambitious start but was soon overshadowed by the Russian invasion of Ukraine. In addition to the crimes against humanity committed in Ukraine, the war is having an immense impact on the energy sector and efforts to protect the climate, the extent of which cannot be calculated at present. At the same time, Germany now finds itself caught up in a severe crisis due to its dependence on Russian gas imports.

Methane: A new hope? There is plenty of potential, but ambition is lacking

There is a lot on the international climate policy agenda in 2021. Most importantly, countries will finally have to submit their enhanced Nationally Determined Contributions (NDCs) under the Paris Agreement. The European Green Deal will contribute to this process and will hopefully lead the EU towards a low-carbon economy with new climate protection targets and many other measures. With pressure growing to further reduce its greenhouse gas emissions and fulfil its international commitments, the EU is now examining the options around methane.