Thread by @ChristopherNFox

“We emphasise the need to green the global financial system so that financial decisions take #climate considerations into account. This will help mobilise the trillions of dollars of private sector finance needed, and reinforce government policy to meet our net zero commitments.”

https://twitter.com/ustreasury/status/1401146750501597184

“We support moving towards mandatory #climate-related financial disclosures that provide consistent and decision-useful information for market participants and that are based on the @FSB_TCFD framework, in line with domestic regulatory frameworks” -@G7 Finance Ministers statement

G7 agrees “on the need for a baseline global reporting standard for sustainability, which jurisdictions can further supplement...We encourage further consultation on a final proposal leading to the establishment of an International Sustainability Standards Board ahead of @COP26.”

“we welcome the continued commitments to tackle #climate change by financial firms across the world, including through their active participation in the Glasgow Financial Alliance for Net Zero.” - @G7 Finance Ministers & Central Bank Governors Communiqué home.treasury.gov/news/press-rel…

"G7 authorities consider it important for financial firms to manage the financial risks of #climate change using the same risk management standards as applied to other financial risks. G7 Central Banks will assess the financial stability risks posed by climate change..."

"We fully support the @FinStbBoard in developing an ambitious roadmap that identifies and addresses climate-related financial risks...We also support the Sustainable Finance Working Group in developing their G20 sustainable finance roadmap, with an initial #climate focus." - @G7

"We reaffirm the collective developed country goal to mobilise US$100 billion annually for developing countries from public and private sources, in the context of meaningful mitigation actions and transparency on implementation." - @G7 Finance Ministers gov.uk/government/pub…

"We commit to increase & improve our #climate finance contributions through to 2025, including increasing adaptation finance & finance for nature-based solutions...We look forward to further commitments at the #G7 Leaders’ Summit or ahead of #COP26" -@G7 Finance Ministers on Sat.