G20 Climate Watchdog Backs Off Further Policy Push Amid US Withdrawal
The Financial Stability Board (FSB), the G20’s financial regulatory arm, has scaled back its climate policy ambitions, despite unveiling a fresh roadmap to assess climate-related financial risks. The move comes as the United States retreats from multiple international groups dedicated to addressing how extreme weather events and climate policies impact global financial stability.
In a report presented to G20 finance ministers during a meeting in South Africa, the FSB acknowledged progress made since the launch of its 2021 climate roadmap. It emphasized improved coordination and data sharing among its members but signaled a halt to any significant new policy initiatives. “While many members feel there is a need for more work, some members feel that the work completed to date is sufficien...









