G20 sources say the US is reluctant to accept language on climate change as a risk to the economy. FMTNews
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.
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”. G20 sources said the United States was reluctant to accept language on climate change as a risk to the economy.
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