Africa > Taxing fossil fuels in advanced economies could raise $720 bln by 2030 for climate adaptation

Taxing fossil fuels in advanced economies could raise $720 bln by 2030 for climate adaptation

Published 12:29 on April 29, 2024  /  Last updated at 13:37 on April 29, 2024  / /  Africa, Americas, Asia Pacific, EMEA, International, Voluntary

Taxing the domestic extraction of coal, oil, and gas in the world's richest economies could raise as much as $720 billion by 2030 to help with climate adaptation in vulnerable nations, by way of the Loss and Damage Fund, finds a report backed by dozens of climate organisations.
Taxing the domestic extraction of coal, oil, and gas in the world's richest economies could raise as much as $720 billion by 2030 to help with climate adaptation in vulnerable nations, by way of the Loss and Damage Fund, finds a report backed by dozens of climate organisations.


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