Source: Money talks: Turning dirty cash green
Climate Home’s Matteo Civillini reports on the launch there of a plan backed by eight countries, including France, Spain and Kenya, to increase taxation on premium air tickets and private jet travel to fund climate action and development. It could raise around $92 billion a year if implemented globally, research shows.
The coalition on premium flying levies was born out of the Global Solidarity Levies Task Force, whose director told Climate Home targeting aviation first is a “very pragmatic” choice.
“It’s something that can be put in place quite quickly, it makes sense economically speaking from a tax justice and climate perspective, and can generate a significant sum,” she said.
Another key initiative was a coalition, led by Spain and Brazil, to advance work on taxing the super-rich, building on a G20 agreement in 2024. It aims to incentivise other countries and civil society to tackle policy, administrative and data deficiencies preventing high-net-worth individuals from being taxed more efficiently in line with their wealth.
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