Essay by Eric Worrall
According to The Guardian, poor countries will require a global carbon tax this week on air travel, transportation fuel and fossil fuel extraction.
Vulnerable countries demand global taxes to pay for climate-induced losses and damage
Poor countries encourage UN to consider ‘climate-related and justice-based’ taxes on major fossil fuel users and air travel
Fiona Harvey Environmental reporter
Monday, September 19, 2022 15.00 AEST…
Some of the world’s most vulnerable countries have prepared a paper, seen by the Guardian, for discussion this week at UN General Assembly. It shows that poor countries are preparing to demand a “climate-related and justice-based” global tax, as a way of funding payments for the losses and damages that the world suffers. developing countries have to suffer.
Funds can be raised by a global carbon tax, a tax on air travelan amount on cause heavy pollution and carbon-intensive bunker fuel used by ships, adding a fossil fuel extraction tax or tax on financial transactions.
…
All options for dealing with losses and costs may be difficult for rich countries to agree on at a time. The cost of fossil fuels soars, food prices increase and a cost of living crisis around the world. Although rich countries agreed at the United Nations climate summit Cop26 in Glasgow last year that there needed to be a loss and damage framework, with no agreement on how it could be funded or who would contribute.
…
Walton Webson, Antigua and Barbuda’s ambassador to the United Nations and president of the Alliance of Small Island States, said:[We] deserves to live without fear of debt and destruction. Our islands are bearing the heaviest burden of a crisis we did not cause, and the urgent establishment of a dedicated loss and damage response fund is key to a sustainable recovery. . We are facing climate impacts that are becoming more and more extreme each year. “
New UN climate chief, Caribbean politician Simon Stiellthere may be his finger in this cake, though as far as I know he hasn’t come out and made any publicity about his involvement.
Any tax like this would obviously have a major impact on global transport, food and fuel prices, as The Guardian acknowledges.
Related
