G7 leaders will create a "climate club" by the end of the year that will allow willing nations to coordinate and speed up efforts to tackle global warming, they said in a statement Tuesday.

Clockwise from left, British Prime Minister Boris Johnson, Japanese Prime Minister Fumio Kishida, the President of the European Commission Ursula von der Leyen, European Council President Charles Michel, Italian Prime Minister Mario Draghi, Canadian Prime Minister Justin Trudeau, French President Emmanuel Macron, German Chancellor Olaf Scholz and U.S. President Joe Biden attend a working session during of the G7 leaders summit at Castle Elmau in Kruen, near Garmisch-Partenkirchen, Germany, on Tuesday, June 28, 2022. (Photo: AP)

The club, open to all countries committed to the Paris climate pact, will have "a particular focus on the industry sector, thereby addressing risks of carbon leakage for emission intensive goods, while complying with international rules," the Group of Seven said in a final statement after a three-day summit.