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Time of India
3 hours ago
- Business
- Time of India
Coalition of Eight Nations Pushes for Luxury Air Travel Tax to Aid Climate Change Efforts, ET Infra
Advt Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on wealthy air passengers to help poorer nations respond to climate change, the French presidency coalition, which also brings together Somalia, Benin, Sierra Leone and Antigua and Barbuda, said it would work to increase the number of countries taxing plane tickets, including business-class travel, and private air industry is a major source of the polluting emissions that contribute to global warming, which inflicts its worst impacts on vulnerable developing countries that are least of November's UN climate summit in Brazil, the French presidency said in a statement the group would work on making the aviation sector contribute more to funding climate aim would be to plough at least some of the tax proceeds into "resilient investments and fair transitions" and help poorer countries raise more domestic revenue, a key factor for development, the statement Kenya and Barbados have previously lobbied for such "solidarity levies" to raise money for climate action, suggesting taxes on shipping, fossil fuels, plastic and group has suggested levies on flying could raise up to 187 billion euros (USD 220 billion) if they were applied across the board. Greenpeace welcomed an "important step" to raise more money from "the most elite and polluting form of travel", which has remained "undertaxed"."Bold, cooperative action that makes polluters pay is not just fair - it's essential," Greenpeace's global political lead Rebecca Newsom said in a announcement came during a UN development conference in Spain that aims to deliver fresh impetus for a sector reeling from severe cuts to foreign aid, which have repercussions for poor countries' battle against climate nations that have historically done the most to drive climate change are obliged to provide finance to help poorer countries adapt to its consequences under the 2015 Paris Agreement.
Scoop
6 hours ago
- Business
- Scoop
Alliance Of Climate Civil Society Organisations Rally In Seville For Global Levies To Make Polluters Pay
30 June, Seville, Spain — A global coalition of civil society leaders, including Global Citizen, the Glasgow Action Team and Greenpeace International, have rallied this morning outside the FIBES Conference Center in Seville, where world leaders gather for the 4th UN International Conference on Financing for Development (FfD4). Their message: No more free riders. It's time for polluters and the ultra-rich to pay their fair share. The rally centered around a bold new demand for Solidarity Levies—international taxes on fossil fuels, aviation, shipping, financial transactions, and billionaires—to fund climate resilience and equitable development in countries most affected by climate change. The action accompanies an open letter signed by more than 47 NGOs – representing 231 organisations – underscoring the broad and diverse backing for the call to Make Polluters Pay. The rally centered around a large banner declaring 'Make Polluters Pay: Solidarity Levies Now,' alongside placards and powerful street visuals, including Spanish-inspired traffic signs to highlight the responsibility of highly polluting sectors. The coalition is urging world leaders at FFD4 to adopt taxes and fines on the world's most polluting industries for fueling storms, floods, heat waves, drought and wildfires, as well as other climate related disasters. World governments are also encouraged to join the Global Solidarity Levies Task Force, led by Barbados, France and Kenya, and backed by governments and institutions like the UN, IMF, and African Union. The goal: to raise much needed revenue to fight against climate change and support development and nature through international levies that reflect the responsibility of polluters and elites. 'The richest individuals and dirtiest industries are profiting while the planet burns,' said Andrew Nazdin, Director of the Glasgow Actions Team. 'Solidarity levies are not only fair — they're necessary for a liveable future.' 'We must hold oil and gas corporations to account for the enormous damage they cause,' said Rebecca Newsom, Global Political Lead for Greenpeace's Stop Drilling, Start Paying campaign. 'As fossil fuel barons rake in obscene profits, and people are battered with increasingly violent floods, storms and wildfires, it's no surprise that 8 out of 10 people support making them pay. Members of the Global Solidarity Levies Task Force and rich countries around the world should act upon this enormous public mandate: commit to higher taxes on fossil fuel profits and extraction by COP30, while ensuring that those being hit hardest by the climate crisis around the world benefit most from the revenues.' 'Right now, world leaders face a clear choice: will they do what's fair and necessary?' said Michael Sheldrick, Co-Founder of Global Citizen. 'Citizens across major economies — from the U.S. to the EU to Brazil — are on board. They want action to fix the climate crisis and support the communities being hit the hardest. The ask is simple: those most responsible for the damage should help pay for the solutions. Over 55,000 global citizens have already backed this call. It's not about politics — it's about fairness, and securing a better future for all of us.' Louise Hutchins, from Make Polluters Pay Coalition said, 'If we're serious about ending the debt crisis in the Global South and halting climate breakdown, we need a global financial system that holds those driving the crisis to account - starting by making the big polluters pay. For 50 years, oil and gas giants have raked in $1 trillion a year while driving devastating climate damage. The emissions of the richest 1% is more than that of half of the world combined. Success at this summit means ending this grotesque state of affairs.' The rally follows a march of thousands across the streets of Seville on Sunday night and is part of a broader week of action at the FfD4, where campaigners are calling for debt cancellation, progressive global taxation, and a finance system that puts people and the planet first. The Vatican's advocacy arm bolstered these messages with a live mural, installed in the heart of Seville, calling for a solution to debt injustice. Campaigners are demanding urgent steps to dismantle illegitimate debt burdens, establish a UN-based framework for debt resolution, and stop the influence of powerful nations and institutions that continue to impose economic domination over the Global South.
New Straits Times
8 hours ago
- Business
- New Straits Times
Eight-country coalition aims to tax luxury air travel
SPAIN: Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on wealthy air passengers to help poorer nations respond to climate change, the French presidency said. The coalition, which also brings together Somalia, Benin, Sierra Leone and Antigua and Barbuda, said it would work to increase the number of countries taxing plane tickets, including business-class travel, and private jets. The air industry is a major source of the polluting emissions that contribute to global warming, which inflicts its worst impacts on vulnerable developing countries that are least responsible. Ahead of November's UN climate summit in Brazil, the French presidency said in a statement the group would work on making the aviation sector contribute more to funding climate adaptation. The aim would be to plough at least some of the tax proceeds into "resilient investments and fair transitions" and help poorer countries raise more domestic revenue, a key factor for development, the statement added. France, Kenya and Barbados have previously lobbied for such "solidarity levies" to raise money for climate action, suggesting taxes on shipping, fossil fuels, plastic and cryptocurrency. The group has suggested levies on flying could raise up to 187 billion euros ($220 billion) if they were applied across the board. Greenpeace welcomed an "important step" to raise more money from "the most elite and polluting form of travel", which has remained "undertaxed". "Bold, cooperative action that makes polluters pay is not just fair -- it's essential," Greenpeace's global political lead Rebecca Newsom said in a statement. The announcement came during a UN development conference in Spain that aims to deliver fresh impetus for a sector reeling from severe cuts to foreign aid, which have repercussions for poor countries' battle against climate change. Wealthy nations that have historically done the most to drive climate change are obliged to provide finance to help poorer countries adapt to its consequences under the 2015 Paris Agreement.
Business Times
13 hours ago
- Business
- Business Times
Eight-country coalition aims to tax luxury air travel
[SEVILLE, Spain] Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on wealthy air passengers to help poorer nations respond to climate change, the French presidency said. The coalition, which also brings together Somalia, Benin, Sierra Leone and Antigua and Barbuda, said it would work to increase the number of countries taxing plane tickets, including business-class travel, and private jets. The air industry is a major source of the polluting emissions that contribute to global warming, which inflicts its worst impacts on vulnerable developing countries that are least responsible. Ahead of November's UN climate summit in Brazil, the French presidency said in a statement the group would work on making the aviation sector contribute more to funding climate adaptation. The aim would be to plough at least some of the tax proceeds into 'resilient investments and fair transitions' and help poorer countries raise more domestic revenue, a key factor for development, the statement added. France, Kenya and Barbados have previously lobbied for such 'solidarity levies' to raise money for climate action, suggesting taxes on shipping, fossil fuels, plastic and cryptocurrency. A NEWSLETTER FOR YOU Friday, 12.30 pm ESG Insights An exclusive weekly report on the latest environmental, social and governance issues. Sign Up Sign Up The group has suggested levies on flying could raise up to 187 billion euros (S$280 billion) if they were applied across the board. Greenpeace welcomed an 'important step' to raise more money from 'the most elite and polluting form of travel', which has remained 'undertaxed'. 'Bold, cooperative action that makes polluters pay is not just fair - it's essential,' Greenpeace's global political lead Rebecca Newsom said in a statement. The announcement came during a UN development conference in Spain that aims to deliver fresh impetus for a sector reeling from severe cuts to foreign aid, which have repercussions for poor countries' battle against climate change. Wealthy nations that have historically done the most to drive climate change are obliged to provide finance to help poorer countries adapt to its consequences under the 2015 Paris Agreement. REUTERS
France 24
17 hours ago
- Business
- France 24
Eight-country coalition aims to tax luxury air travel
The coalition, which also brings together Somalia, Benin, Sierra Leone and Antigua and Barbuda, said it would work to increase the number of countries taxing plane tickets, including business-class travel, and private jets. The air industry is a major source of the polluting emissions that contribute to global warming, which inflicts its worst impacts on vulnerable developing countries that are least responsible. Ahead of November's UN climate summit in Brazil, the French presidency said in a statement the group would work on making the aviation sector contribute more to funding climate adaptation. The aim would be to plough at least some of the tax proceeds into "resilient investments and fair transitions" and help poorer countries raise more domestic revenue, a key factor for development, the statement added. France, Kenya and Barbados have previously lobbied for such "solidarity levies" to raise money for climate action, suggesting taxes on shipping, fossil fuels, plastic and cryptocurrency. The group has suggested levies on flying could raise up to 187 billion euros ($220 billion) if they were applied across the board. Greenpeace welcomed an "important step" to raise more money from "the most elite and polluting form of travel", which has remained "undertaxed". "Bold, cooperative action that makes polluters pay is not just fair -- it's essential," Greenpeace's global political lead Rebecca Newsom said in a statement. The announcement came during a UN development conference in Spain that aims to deliver fresh impetus for a sector reeling from severe cuts to foreign aid, which have repercussions for poor countries' battle against climate change. Wealthy nations that have historically done the most to drive climate change are obliged to provide finance to help poorer countries adapt to its consequences under the 2015 Paris Agreement.
