1. / Home
  2. / Events

Carbon Club versus Climate Alliance: Which way forward for multilateral climate and trade governance?

What are the advantages and disadvantages of the respective proposals?


Aaron Cosbey

Senior Associate, IISD

Senior Fellow, The European Roundtable on Climate Change and Sustainable Transition (ERCST)

Kasturi Das

Professor of Economics, Institute of Management Technology

Steffen Meyer

Director General for Economic, Financial and Climate Policy, German Federal Chancellery

Roberta Pierfederici

Policy Analyst and Research Adviser to Professor Stern, Grantham Institute, London School of Economics

Is an exclusive climate club (including sectoral bilateral initiatives such as the transatlantic initiative for a 'Global Steel and Aluminum Arrangement') or an inclusive, cooperative, and thematically broader climate alliance (as outlined by the German G-7 Presidency's climate club proposal) best suited to address the challenge of multilateral climate and trade governance? Are the two approaches mutually exclusive, can they be aligned, or are they even synergistic? How could they complement each other, if at all, and which governance structure would be conducive to achieving respective objectives?

This was produced within the project "TISMA" with the financial support of the European Climate Foundation.