'Tax the bad' to boost climate finance, COP28 panel advises
www.reuters.com
Increasing taxes on polluting activities and cutting fossil fuel subsidies could generate trillions of dollars to tackle climate change, an advisory panel to the COP28 talks in Dubai said.
  • JohnDClay@sh.itjust.works
    3·
    1 year ago

    Since the US will still want to promote domestic oil production for national security, maybe they can start taxing foreign oil more heavy rather than propping up domestic oil? That way they still get security, but oil prices also go up likely decreasing consumption.

  • sweetcuppincakes@sh.itjust.works
    2·
    1 year ago

    I hope the world’s decision-makers listen to this panel. We need to take drastic measures, starting with the common-sense solution of taxing destructive things and using the money for additional solutions to the climate crisis.