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Factbox: What New Taxes Could Help Raise Money To Fight Climate Change?

puja Roy
puja Roy

January 16, 2025 at 5:12:54 AM

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Factbox: What New Taxes Could Help Raise Money To Fight Climate Change?

Factbox: What New Taxes Could Help Raise Money To Fight Climate Change?




BAKU (Reuters) - The COP29 climate talks in Azerbaijan aim to agree an annual finance target of $1 trillion or more a year to help poorer countries respond to global warming. Some see new taxes as one way to get there.

The Global Solidarity Levies Task Force (GSLT), led by France, Barbados and Kenya, is exploring the issue. Below are extracts from its latest report on the options being discussed and estimates about how much could be raised.

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