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.

https://www.reuters.com/business/environment/tax-bad-boost-climate-finance-cop28-panel-advises-2023-11-29/

Archived copy of the article

116 points · 4 comments · view on lemmy.world

4 Comments

hperrin@lemmy.world · 11 pts · 2y (2 replies)

I feel like.. this is obvious.

Bakkoda@sh.itjust.works · 2 pts · 2y

Burning money and giving it away leads to lack of money. More tonight at 11.

the_q@lemmy.world · 1 pts · 2y
[ removed ]
JohnDClay@sh.itjust.works · 3 pts · 2y

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 pts · 2y

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.