In his previous roles as vice-chancellor and finance minister, Scholz suggested the European Union should team up with countries such as the U.S., Canada and Japan to create a "climate club" in which members agree on joint rules and common standards on how to reduce carbon emissions.
The goal of such a club would be not only to accelerate the global shift towards a more climate-friendly economy but also to avoid trade friction linked to different green tariff regimes, such as the EU's planned carbon border levy.
"International cooperation is important. In a world that will soon be home to 10 billion people, our voices will only be heard if we perform in a choir with many others," Scholz said.
That is also the reason why Germany's new coalition government is determined to strengthen the EU, said Scholz, who succeeded long-serving former Chancellor Angela Merkel earlier this month.
"Our goal is a sovereign, strong Europe. A Europe that lives according to its common values of peace, the rule of law, and democracy," the chancellor added.
On the issue of Ukraine, where Western countries are concerned by a Russian military build-up near its border, Scholz reiterated that the territorial integrity of Ukraine must be respected. Germany would continue to work closely with transatlantic allies to guarantee peace, he said.
"With a view on Ukraine, we are currently facing new challenges. The inviolability of borders is a high good – and not negotiable," Scholz said.
Russia denies planning to attack Ukraine and says it has the right to move its troops on its own soil as it likes.
Video editing: Beijing Feng
Cover image: German Chancellor Olaf Scholz attends a news conference at the European Commission. /Reuters/Johanna Geron