German leader champions new approach to climate at event in Davos | National policy

The goals Scholz suggested for the climate club – the 1.5 degree cap and climate neutrality by 2050 – are already part of or are implicit in the Paris agreement. More importantly, Scholz said the club could seek to achieve these goals “by pricing carbon and preventing carbon leakage”.

These proposals are designed to prevent companies from moving carbon-intensive industries to countries with less stringent emissions rules and disadvantage countries like Germany.

If the idea enjoys strong support within the European Union, whose members are accustomed to negotiating compromise agreements for the common good, it will be more difficult to obtain the adhesion of the United States and large developing countries such as China and India.

A group of Latin American leaders also discussed climate change in a separate panel, urging the biggest carbon-emitting countries to be held to account and help fund green programs.

Guatemalan President Alejandro Giammattei has linked climate change to migration in the region as it saps resources, hampering opportunities for growth. He said Central America caused just 0.33% of greenhouse gases, but the countries “suffer the most”.

“Every year we have to rebuild the country because there are hurricanes,” Giammattei said. “A lot of our resources that should be spent on generating new opportunities must be directed to building roads, bridges, drinking water systems.”

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