Journalists sit in the media center during the meeting of G20 finance ministers and central bank governors in Riyadh, Saudi Arabia, February 22, 2020. REUTERS/Ahmed YosriRIYADH: Finance officials from the world's 20 biggest economies on Sunday agreed the wording of a final communique that includes a reference to climate change for the first time in US President Donald Trump's administration, G20 diplomatic sources said.
Delegates worked out a compromise after Washington objected to the initial proposed language, which had included"macroeconomic risk related to environmental stability" in a list of downside risks to global growth, two G20 diplomatic sources said. Concerns about the economic impact of climate change have escalated in recent years and pressure is mounting on business to accelerate the shift to a low-carbon economy ahead of United Nations climate talks in November.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF chief, Argentina flag path to new debt deal after G20 meet in RiyadhArgentina on Saturday agreed to start consultations with the International Monetary Fund that could lead to a new financing programme, days after ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan urges G20 members with fiscal scope to boost spendingRIYADH: Japan called on G20 countries with fiscal space to ramp up spending to help the global economy weather risks, including the fallout from ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Let's come together to tax tech giants, say G20 officials eying US$100 billion boostLeading world economies must show unity in dealing with aggressive 'tax optimisation' by global digital giants like Google, Amazon and Facebook, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Shifting sands of inflation unsettle top bankers at Riyadh G20 meetingCentral bankers from the United States, Japan and the euro zone meeting in the desert kingdom of Saudi Arabia this weekend had their own shifting ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Let's come together to tax tech giants, say G20 officials eyeing US$100 billion boostRIYADH (REUTERS) - Leading world economies must show unity in dealing with aggressive 'tax optimisation' by global digital giants like Google, Amazon and Facebook, G20 officials said on Saturday (Feb 22).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
G-20 agrees final communique with reference to climate changeRIYADH (REUTERS) - Finance officials from the world's 20 biggest economies (G-20) meeting in Riyadh on Sunday (Feb 23) reached an agreement on the wording of a final communique that includes a reference to climate change, a G-20 diplomatic source said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »