US EditionG20's Financial Watchdog Lays Out Climate Plan but Presses Pause Amid Divisions
CHINA, JUL 13 – The European Union calls on China to reduce coal reliance and lead emissions cuts as new coal approvals increased 11.29 GW in early 2025, ahead of COP30 climate talks.
- The G20 Finance Track meetings kicked off this week in KwaZulu-Natal, focusing on financial stability amid global economic uncertainty.
- This event followed ongoing challenges including uneven growth, inflation, and elevated debt levels, which complicate coordinated recovery efforts.
- The G20's Financial Stability Board presented a medium-term plan to coordinate climate-related financial risk work while pausing new significant policy integration.
- EU official Teresa Ribera stressed the importance of protecting European values and markets from unfair competition by China, affirming that the EU will firmly uphold its principles in this effort.
- These developments suggest persistent geopolitical tensions and divergent approaches may hinder long-term investment and global cooperation on climate and economic reform.
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60 Articles
Climate change threatens the economies of companies and countries. Now global credit rating agencies are weighing whether to downgrade a country's credit rating based on climate concerns.
G20's ability to respond to multilateral tests 'critical'
The G20 countries’ ability to respond collectively to mounting challenges facing the multilateral system will determine both the speed of global recovery and the future of sustainable development. This is according to National Treasury Director-General, Dr Duncan Pieterse, who delivered remarks at the opening session of the G20 Finance Track meetings being held in KwaZulu-Natal this week. “The multilateral system is being tested, and our collect…
Arab News
World NewsEU climate VP seeks ‘fair competition’ with China on green energy
BEIJING: The European Union is seeking "fair competition" with China and not a race to the bottom in wages and environmental standards, the bloc's vice president for the clean transition told AFP on Monday. Deep frictions exist over economic relations between the 27-nation bloc and Beijing. Brussels is worried that a manufacturing glut propelled by massive state subsidies
News24 | G20's financial watchdog lays out climate plan but presses pause amid divisions
The G20’s financial stability watchdog delivered a new plan on how to tackle climate risks, but paused further policy work amid a retreat by the US that has tested efforts to advance a united financial policy on climate-related risks.
Channel News Asia
G20's financial watchdog lays out climate plan but presses pause amid divisions
LONDON: The G20's financial stability watchdog delivered a new plan on how to tackle climate risks on Monday (Jul 14), but paused further policy work amid a retreat by the United States that has tested efforts to advance a united financial policy on climate-related risks. The US has withdrawn from multiple
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