New German leader proposes a ‘climate club’ of leading economies that would punish free riders like Australia

Oh yes, thats what he wants? What other “leading economies” does he have in mind for that. Let’s have a reality check. The European Union is altogether not in the best of shape. I would even say it has a bad limp and Germany – once the engine of the Union – already drags a leg behind. North America will go more and more shale as it needs cheap and clean energy to revive its industrial sector and China can hardly be called a “green economy”. Japan just increases coal use just like China. Who is left? Every single country will have to fix its own broken economy. No money for virtue signaling.

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