Billionaires, frequent flyers, oil and gas: Who could fund COP29’s $1tn finance target?
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Euronews.com
5 hónapja
The debate over who should finance climate initiatives, particularly for developing nations, is intensifying. Experts estimate that at least $1 trillion is needed by 2030, with proposals for innovative funding methods including taxes on wealth, fossil fuels, and frequent flyers. A study suggests that rich countries could raise five times the required amount through simple measures. The G20 is discussing a potential billionaire tax, which has broad public support. Additionally, a tax on major oil companies could significantly boost climate funding. The urgency for these funds is heightened by increasing climate disasters. Teljes cikk (Euronews.com)