Who should pay for the new climate finance goal? The world’s super-rich, says a new study

Published on August 19, 2024

Ahead of COP29 talks, campaigners say that a 1.7 to 3.5 per cent tax on the world's top 0.5 per cent could raise US$2.1 trillion a year – double the external climate funds needed by poorer nations – even with potential wealth relocation.

Continue reading on website
Other news

Investors push for carbon pricing mechanisms, but developers resist

August 19, 2024
Regulation is a crucial factor that investors consider before funding carbon projects, experts said at a recent event in Malaysia. Developers argue that the system does not need to be perfect to kickstart projects.

How new elevator rules can help fix the housing crisis in North America

August 19, 2024
Elevators are, arguably, the quintessentially liminal spaces within big cities – those mostly unprepossessing boxes that shunt us between floors in apartment buildings and offices. Some versions, typically in higher-end commercial towers, have certain tech-y features – a digital screen with a cable news crawl or a smart floor-selection feature. For the most part, however, contemporary elevators ha