Americas > Taxes on fossil fuels, ships, and planes to be important income for new UN climate fund, says legal non-profit

Taxes on fossil fuels, ships, and planes to be important income for new UN climate fund, says legal non-profit

Published 15:18 on November 2, 2023  /  Last updated at 15:18 on November 2, 2023  / /  Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Shipping, US

Taxes and levies on fossil fuel production, shipping, and aviation will be an important alternative source of income for a global climate-related loss and damage fund, in addition to developed country government donations to developing nations facing the worst impacts, said a spokesperson for a legal non-profit ahead of a crunch meeting to set up the UN vehicle.
Taxes and levies on fossil fuel production, shipping, and aviation will be an important alternative source of income for a global climate-related loss and damage fund, in addition to developed country government donations to developing nations facing the worst impacts, said a spokesperson for a legal non-profit ahead of a crunch meeting to set up the UN vehicle.


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