Rich individuals in all countries must pay more to tackle the climate crisis, whether through taxes or charges on consumption, one of the architects of the Paris agreement has said.on the need for some kind of global wealth tax, with Brazil, which will host the Cop climate summit next year, an enthusiastic supporter.Another proposal is for a frequent flyer levy
Failing to address these inequalities could damage public acceptance of the measures needed to tackle the climate crisis, she said in an interview with the Guardian. “If you want to avoid a real conflict, we have to put the social justice element upfront. It’s legitimate to talk about taxation, with the immense elements of climate impact, and the need to mobilise more funding to respond to the transition and adaptation .
Discussing revenue raising under the Paris climate agreement will be tricky, however. Governments are particularly touchy about national sovereignty when it comes to taxation.One of the first tasks of the ITTF will be to come up with a new name. The term tax is inaccurate for some of the ideas under discussion, and could be a hindrance, as it is highly loaded and has specific legal resonance in some countries – the US, for instance, has rules over tax negotiations in an international context.
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