G20 financial stability watchdog urges broader adoption of climate transition plans

LONDON, Jan 14 (Reuters) - There needs to be a broader and more standardised adoption of climate transition plans by firms, the G20's Financial Stability Board (FSB) said on Tuesday, for global authorities to better understand the risks facing the banking system. In a new report just days before long-term climate change sceptic Donald Trump becomes U.S. President again, the G20's finance watchdog revealed differing views among countries on the relevance of using transition plans for risk monitoring. Some countries now require firms to prepare and disclose transition plans, but...