‘Tax the bad’ to boost climate finance, COP28 panel advises

November 29, 2023

[1/3] A general view shows Marathon Petroleum’s refinery, following Russia’s invasion of Ukraine, in Anacortes, Washington, U.S., March 9, 2022. REUTERS/David Ryder//File Photo Acquire Licensing Rights

Summary Climate finance stalls as government debts grow

Policy options include aviation, maritime levies

Moral case for oil companies to contribute, panel says

Nov 29 (Reuters) – 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.…

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