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Sunday, February 23, 2020, 10:04
Draft communique: 'US blocking G20 mention of climate change'
By Reuters
Sunday, February 23, 2020, 10:04 By Reuters

French Economy and Finance Minister Bruno Le Maire briefs journalists during the G20 finance ministers meeting in the Saudi capital Riyadh, Feb 22, 2020. (FAYEZ NURELDINE / AFP)

RIYADH – The United States is against mentioning climate change in the communique of the world’s financial leaders, G20 diplomats said, after a new draft of the joint statement showed the G20 are considering including it as a risk factor to growth.

Finance ministers and central bankers of the world’s 20 biggest economies (G20) are discussing top global economic challenges on Saturday and Sunday in Riyadh, focusing on the growth outlook and new rules to tax global digital companies.

READ MORE: Consensus sought on climate change mitigation measures

G20 sources said the US was reluctant to accept language on climate change as a risk to the economy

The G20 expects a modest pick-up in global growth this year and next, but noted downside risks to this outlook stemming from “...geopolitical and remaining trade tensions and policy uncertainty and macroeconomic risk related to environmental sustainability”.

The latest draft communique gives less prominence to the outbreak of the coronavirus as a growth risk, saying only the G20 would ...” enhance global risk monitoring, including the recent outbreak of COVID-19,” the medical acronym for the coronavirus.

ALSO READ: G20 draft communique: Virus threatens global growth pickup

G20 sources said the United States was reluctant to accept language on climate change as a risk to the economy.

“Climate is the last sticking point in the communique. There is still no agreement,” a second source familiar with the negotiations said.

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