More taxes needed to raise trillions in public and private climate finance

Climate Finance More taxes needed to raise trillions in public and private climate finance - EU climate commissioner

More taxes will be needed to generate public money for climate action investment, Europe’s commissioner for climate action has said. Wopke Hoekstra told the Business Post that more green incentives will also be required from government to encourage private sector investment. He said that financing the energy transition was one of the big challenges facing the world, and that innovative forms of finance would have to be develop to meet the world’s net-zero targets.

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