Pakistan, July 14 -- LONDON - The G20's financial stability watchdog, the Financial Stability Board (FSB), released a new plan on tackling climate-related financial risks on Monday but decided to pause further policy work due to divisions among its members. The United States' recent withdrawal from several climate-focused groups has also complicated efforts to build a unified global response.

The FSB's medium-term plan focuses on improving coordination and data sharing about financial risks linked to climate events like floods and wildfires. However, some member countries believe the current progress is enough, while others want more work done. This disagreement has led to the temporary halt of new climate policies.

"While many members ...