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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United Nations agencies have taken over management of vast detention camps in northeastern Syria housing tens of thousands of people associated with Islamic State (IS), after Kurdish-led forces guarding the sites withdrew amid clashes with Syrian government troops.
Turkish President Recep Tayyip Erdoğan has told his Iranian counterpart Masoud Pezeshkian that Türkiye opposes any form of foreign intervention in Iran, as protests and economic pressures continue to fuel tensions in the Islamic republic.
NATO’s new 5% of GDP defence pledge shows renewed unity and focus on collective security, Deputy Secretary General Radmila Shekerinska told AnewZ in an exclusive interview. It came as U.S. President Donald Trump used his WEF address to again claim credit for pushing allies to lift defence spending.
U.S. Vice President JD Vance is due to visit Minneapolis on Thursday to show support for federal immigration agents, as tensions continue to rise following weeks of protests, a fatal shooting involving an Immigration and Customs Enforcement (ICE) officer, and claims that children have been detained.
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Russian President Vladimir Putin said on Wednesday that Moscow could pay $1 billion from Russian assets frozen abroad to secure permanent membership in President Donald Trump’s proposed ‘Board of Peace’.
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President Donald Trump says he has agreed a "framework" for a Greenland deal with NATO.
Turkish President Recep Tayyip Erdoğan has told his Iranian counterpart Masoud Pezeshkian that Türkiye opposes any form of foreign intervention in Iran, as protests and economic pressures continue to fuel tensions in the Islamic republic.
U.S. Vice President JD Vance is due to visit Minneapolis on Thursday to show support for federal immigration agents, as tensions continue to rise following weeks of protests, a fatal shooting involving an Immigration and Customs Enforcement (ICE) officer, and claims that children have been detained.
France has intercepted a Russian oil tanker in the western Mediterranean over suspicions it was operating as part of Moscow’s “shadow fleet,” a network of vessels accused of helping Russia evade international sanctions, French authorities said on Thursday.
NATO’s new 5% of GDP defence pledge shows renewed unity and focus on collective security, Deputy Secretary General Radmila Shekerinska told AnewZ in an exclusive interview. It came as U.S. President Donald Trump used his WEF address to again claim credit for pushing allies to lift defence spending.
The United Kingdom has said it will not yet join U.S. President Donald Trump’s proposed Board of Peace, citing concerns over the potential involvement of Russia, the country’s foreign secretary said on Thursday.
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