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International Alliances on Charges on Fossil Fuels Could Mobilise Billions for Climate Finance - Sonnenseite - Ecological Communication with Franz Alt

Summary by sonnenseite.com
In view of the climate finance targets agreed at COP29 in Baku, climate economists from the Potsdam Institute for Climate Impact Research (PIK) [...]
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In view of the climate finance targets agreed at COP29 in Baku, climate economists from the Potsdam Institute for Climate Impact Research (PIK) [...]

July 30, 2025 - In light of the climate financing targets agreed at COP29 in Baku, climate economists at the Potsdam Institute for Climate Impact Research (PIK) have investigated the potential of jointly levied fossil fuel levies by smaller alliances of states. Their analysis shows that levy models of this kind could mobilize USD 66 billion annually for climate protection in countries of the Global South. Additional measures such as pricing gree…

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pik-potsdam.de broke the news in on Wednesday, July 30, 2025.
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