Nations Unite to Tax Luxury Air Travel for Climate Funding
A coalition of countries, including France, Kenya, Spain, and Barbados, pledged to tax luxury air travel to fund climate action. This initiative, launched during a U.N. summit in Seville, aims to generate funds by taxing polluting industries amid reduced development aid. The initiative seeks to enhance global tax systems for sustainability.
In a pivotal move, France, Kenya, Spain, and Barbados have announced a tax on premium-class flights and private jets to fund climate initiatives. Unveiled at the U.N. development summit in Seville, this financial strategy aims to compensate for decreased development aid as weather-induced crises grow.
The 'Sevilla Platform for Action' seeks to establish progressive tax systems to boost international solidarity for sustainable development. With additional backing from Sierra Leone, Benin, Antigua and Barbuda, and Somalia, the initiative receives European Commission support, marking a significant step towards innovations in green taxation.
Greenpeace has hailed the decision as crucial, urging further accountability measures for the oil and gas sector. The coalition hopes to instill political will, with Kenya's President Ruto emphasizing the need for tangible action over rhetoric.
(With inputs from agencies.)
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