Rich countries could raise $5tn of climate finance a year, study says

الإمارات العربية المتحدة أخبار أخبار

Rich countries could raise $5tn of climate finance a year, study says
الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

Simple measures could raise five times more money than poorer countries are asking for, research claims

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Rich countries could raise five times the money that poor countries are demanding in climate finance, through windfall taxes on fossil fuels, ending harmful subsidies and a wealth tax on billionaires,Rich countries are mooting potential sums much lower than this, in conventional climate finance such as low-interest loans from the World Bank and similar institutions. But they are also discussing, such as a levy on shipping and on frequent flyers.

Stopping subsidies to fossil fuels would free up $270bn of public money in the rich world, and about $846bn globally. Taxes on fossil fuel extraction would be worth $160bn in the rich world, and $618bn globally.

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الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين



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