Global rich must pay more to tackle climate crisis, says architect of Paris deal
Rich individuals in all countries must pay more to tackle the climate crisis, whether through taxes or charges on consumption, one of the architects of the Paris agreement has said.
There is a growing consensus on the need for some kind of global wealth tax, with Brazil, which will host the Cop climate summit next year, an enthusiastic supporter.
Meanwhile, poor countries are struggling to raise the estimated $1tn (£785bn) a year of external finance needed to help them cut emissions and cope with the impacts of the climate crisis.
Another proposal is for a frequent flyer levy, as the richest people tend to take far more flights – in any year about half of the people in the UK do not fly, for instance. Laurence Tubiana, the chief executive of the European Climate Foundation, said a levy could be targeted at business class and first class seats.
Add comment