The Financial Stability Board (FSB), the G20’s financial regulator, has paused further climate policy work as the United States distances itself from key initiatives.
In an update to its 2021 climate roadmap, released during a G20 finance ministers' meeting in South Africa, the FSB pledged continued coordination and data sharing on climate-related financial risks but signalled a halt in new regulatory initiatives.
“While many members feel there is a need for more work, some members feel that the work completed to date is sufficient,” the FSB said, indicating divisions among member countries.
The U.S. Treasury’s absence from climate-focused groups and Treasury Secretary Scott Bessent’s reported no-show at the G20 meeting underscore Washington’s retreat from multilateral climate finance efforts.
Although the FSB will continue to monitor climate risks and support coordination among member institutions, it will no longer lead significant new supervisory or regulatory work in this area.
Progress made since 2023 includes assessments of transition planning, nature-related financial risk tracking, and improved tools to quantify losses from climate shocks such as wildfires and heatwaves.
The FSB will revisit climate-related topics annually, leaving future initiatives to its evolving work programme.
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Denmark announced on Sunday that it was banning civilian drone flights after sightings of drones near several military facilities overnight, following a week in which drone activity forced the temporary closure of a number of Danish airports.
British Prime Minister Keir Starmer on Sunday called on his Labour Party to stop “navel gazing” and to unite against Reform UK, accusing the rising populist party of pursuing a “racist policy” of mass deportation if it came to power.
U.S. President Donald Trump said on Sunday there was “a real chance for greatness in the Middle East”, though he offered no concrete details or timeline, just days after claiming he was close to securing an agreement to end the conflict in Gaza.
South Korean President Lee Jae Myung has vowed a “significant improvement” in the security of government administrative systems after a major fire at the national data centre brought online services across the country to a halt.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Denmark announced on Sunday that it was banning civilian drone flights after sightings of drones near several military facilities overnight, following a week in which drone activity forced the temporary closure of a number of Danish airports.
British Prime Minister Keir Starmer on Sunday called on his Labour Party to stop “navel gazing” and to unite against Reform UK, accusing the rising populist party of pursuing a “racist policy” of mass deportation if it came to power.
U.S. President Donald Trump said on Sunday there was “a real chance for greatness in the Middle East”, though he offered no concrete details or timeline, just days after claiming he was close to securing an agreement to end the conflict in Gaza.
South Korean President Lee Jae Myung has vowed a “significant improvement” in the security of government administrative systems after a major fire at the national data centre brought online services across the country to a halt.
The Kremlin on Sunday dismissed warnings from Ukrainian President Volodymyr Zelenskyy that Russian officials should familiarise themselves with bomb shelters, saying Kyiv was losing the conflict and that its negotiating position was weakening.
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