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German Finance Minister Olaf Scholz on Feb. 21 in Riyadh, Saudi Arabia. Photo: Florian Gaertner/Photothek via Getty Images

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

Go deeper

25 mins ago - World

Netanyahu campaigns against Biden's plan to save Iran deal

Netanyahu campaigns at a gym last month. Photo: Pool/AFP via Getty

Israeli Prime Minister Benjamin Netanyahu indirectly criticized the Biden administration for its intention to return to the Iran nuclear deal and told his supporters he was prepared to "stand against the entire world" to stop it.

Why it matters: This is a major change of tune for Netanyahu, who had been careful in his statements on the Iran deal and avoided publicly criticizing President Biden. The statement was part of Netanyahu's attempt to rally his base ahead of Israel's election on March 23.

Updated 48 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Tech: "Fludemic" model accurately maps COVID hotspotsVirtual doctor's visits and digital health tools take off.
  2. Politics: Schumer says Senate will stay through weekend to vote on COVID relief — Republican governor of West Virginia says there's no plan to lift mask mandate.
  3. World: Canada vaccine panel recommends 4 months between doses.
  4. Business: Firms develop new ways to inoculate the public.
  5. Local: Ultra-rich Florida community got vaccinations in January.
Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Why fears of a SPAC bubble may be overblown

Illustration: Annelise Capossela/Axios

The SPAC surge continues unabated, with 10 new ones formed since Wednesday morning. And that's OK.

Between the lines: There are growing concerns that retail investors are about to get rolled, with smart sponsors taking advantage of dumb money.