AFP
Finance officials from the world's 20 biggest economies (G20) meeting in Riyadh yesterday reached agreement on the wording of a final communique that includes for the first time a reference to climate change, G20 diplomatic sources said. Compromise language hammered out to overcome US objections retained a reference to the Financial Stability Board's work examining the implications of climate change for financial stability, although it dropped climate change from its list of downside risks to global economic growth. One of the sources said it was the first time a reference to climate change had been included in a G20 finance communique, even though it was removed from the top of the joint statement.
Finance officials from the world's 20 biggest economies (G20) meeting in Riyadh yesterday reached agreement on the wording of a final communique that includes for the first time a reference to climate change, G20 diplomatic sources said. Compromise language hammered out to overcome US objections retained a reference to the Financial Stability Board's work examining the implications of climate change for financial stability, although it dropped climate change from its list of downside risks to global economic growth. One of the sources said it was the first time a reference to climate change had been included in a G20 finance communique, even though it was removed from the top of the joint statement.