More Global Leederpship: G20 Communique Will Now Mention Global Warming! Ooh!
RIYADH (Reuters) - Finance officials from the world’s 20 biggest economies (G20) on Sunday referenced climate change in their final communique for the first time in U.S. President Donald Trump’s administration, but stopped short of calling it a major risk to the economy.
The United States blocked including climate change on a list of downside risks to global growth that had won agreement by nearly all other G20 delegates, but ultimately agreed to permit a reference to the Financial Stability Board’s work examining the implications of climate change for financial stability.
U.S. Treasury Secretary Steven Mnuchin played down the importance of the language included, calling it a “purely factual” reference to work being done by the FSB. But several G20 sources said it marked progress toward greater recognition of the economic risks posed by climate change. “I did not bend to pressure from the Europeans,” Mnuchin told reporters after the release of the communique, bristling at the characterization of one reporter.
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And here it is, ladies and gentlemen:
That passage reads: “Mobilizing sustainable finance and strengthening financial inclusion are important for global growth and stability. The FSB is examining the financial stability implications of climate change. We welcome private sector participation and transparency in these areas.”
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https://www.reuters.com/article/us-g20-communique/climate-change-gets-first-mention-in-g20-finance-communique-of-trump-era-sources-idUSKCN20H08Q
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