"Poor nations exhort UN to consider ‘climate-related and justice-based’ tax on big fossil fuel users and air travel"
"The world’s most vulnerable countries are preparing to take on the richest economies with a demand for urgent finance – potentially including new taxes on fossil fuels or flying – for the irrecoverable losses they are suffering from the climate crisis, leaked documents show.
Extreme weather is already hitting many developing countries hard and forecast to wreak further catastrophe. Loss and damage – the issue of how to help poor nations suffering from the most extreme impacts of climate breakdown, which countries cannot be protected against – is one of the most contentious problems in climate negotiations.
Some of the world’s most vulnerable countries have prepared a paper, seen by the Guardian, for discussion this week at the UN general assembly. It shows that poor countries are preparing to ask for a “climate-related and justice-based” global tax, as a way of funding payments for loss and damage suffered by the developing world.
The funds could be raised by a global carbon tax, a tax on airline travel, a levy on the heavily polluting and carbon-intensive bunker fuels used by ships, adding taxes to fossil fuel extraction, or a tax on financial transactions."
