Kay Nietfeld/Kay Nietfeld/picture-alliance/dpa/AP Images Save for later Print Download Share LinkedIn Twitter The G7 group of developed nations are forming a "climate club" to accelerate climate action and ambition so the world meets the goals of the Paris Agreement. The climate club, which could be up and running later this year, will prioritize reducing carbon emissions from the industrial sector while working to eradicate climate-related trade barriers between members.