Climate change financing dropped from G20 draft statement

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By Jan Strupczewski and Michael Nienaber | BADEN-BADEN, Germany

BADEN-BADEN, Germany Opposition from the United
States, Saudi Arabia and others has forced Germany to drop a
reference to financing programmes to combat climate change from
the draft communique at a G20 finance and central bankers

A G20 official taking part in the meeting said on Friday
that efforts by the German G20 presidency to keep the wording on
climate change financing had run into resistance.

“Climate change is out for the time being,” said the
official, who asked not to be named.

At their last meeting in July 2016 in the Chinese city of
Chengdu, the G20 financial leaders said they encouraged all
signatories of the Paris Agreement on climate change to bring
the deal into force as soon as possible.

But U.S. President Donald Trump, who took office in
November, has called global warming a “hoax” concocted by China
to hurt U.S. industry and vowed to unpick the Paris climate
accord that is supposed to curb rising temperatures.

Under the Chinese G20 presidency, finance ministers last
year called on all governments to implement financial
commitments made under the Paris deal in a “timely” way and
promised to continue working on climate finance in 2017.

Trump’s administration on Thursday proposed a 31 percent cut
to the Environmental Protection Agency’s budget, as the White
House seeks to eliminate climate change programmes and trim
initiatives to protect air and water quality.

Asked about climate change programmes, Mick Mulvaney,
Trump’s budget director, told reporters on Thursday “we consider
that to be a waste of (Americans’) money.”

“I think the president is fairly straightforward. We’re not
spending money on that,” he said.

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