The closing memo from the G20 finance ministers' weekend meeting points out that the multilateral Financial Stability Board is "examining the financial stability implications of climate change."
Why it matters: The brief shout-out is the first time that G20 finance officials have referenced climate in a joint communique during the Trump administration, Reuters reports.
But, but, but: Their piece and the New York Times' write-up both report that administration officials resisted stronger language about the topic.
- "The United States blocked including climate change on a list of downside risks to global growth that had won agreement by nearly all other G20 delegates," Reuters notes.
The big picture: The White House has de-emphasized climate-related risks in addition to weakening regulations and abandoning the Paris climate deal.
- Despite the G20 language, U.S. Treasury Secretary Steven Mnuchin played down the inclusion of the language, per both outlets.
Go deeper: Climate change becomes a top business threat
