The GuardianThe Guardian

Vulnerable countries demand global tax to pay for climate-led loss and damage

By Fiona Harvey

19 Sep 2022 · 3 min read

Editor's Note

Could a a “climate-related and justice-based” global tax be the solution to funding aid for global crises? Many countries from the global south believe so. The Guardian has the latest.

The world’s most vulnerable countries are preparing to take on the richest economies with a demand for urgent finance – potentially including new taxes on fossil fuels or flying – for the irrecoverable losses they are suffering from the climate crisis, leaked documents show.

Extreme weather is already hitting many developing countries hard and forecast to wreak further catastrophe. Loss and damage – the issue of how to help poor nations suffering from the most extreme impacts of climate breakdown, which countries cannot be protected against – is one of the most contentious problems in climate negotiations.

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