The carbon pricing mention on Saturday marks the influence of the Biden administration, which immediately rejoined the Paris agreement in January and has set out ambitious carbon reduction targets and clean energy and transportation investment plans.
VENICE, Italy: 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.
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