G20 finance leaders recognized carbon pricing as a potential tool to address climate change for the first time in an official communique on Saturday, taking a tentative step towards promoting the idea and coordinating carbon reduction policies.

The move marked a massive shift from the previous four years when former U.S. President Donald Trump’s administration routinely opposed the mention of climate change as a global risk in such international statements.

The communique, issued on Saturday after a meeting of Group of 20 finance ministers and central bank governors in the Italian city of Venice, which is threatened by rising sea levels, inserted a mention of carbon pricing among a “wide set of tools” on which countries should coordinate to lower greenhouse gas emissions.

G20 Recognizes Carbon Pricing as Climate Change Tool for First Time | Devamı>>>