Greenpeace Africa together with other climate-based CSOs are demanding for a Climate Damages Tax<\/strong><\/p>\n\u00a0<\/p>\n
Ahead of the Conference of Parties (COP29), Greenpeace Africa (GPAF) in collaboration with Pro Environment Africa and other climate-based civil society organisations (CSOs) across the continent, has among others, called for an introduction of what it termed as the \u2018Climate Damages Tax (CDT)\u2019 \u2013 a concept which seeks to make the highest contributors to climate emissions bear the costs needed in addressing same.<\/p>\n
According to the group, wealthy countries under the Organisation for Economic Cooperation and Development (OECD), must introduce the CDT which could generate about $900 billion by 2030, starting in 2024 at a proposed initial rate of $5 per tonne of CO2e, and increasing by $5 per tonne each year.<\/p>\n
\u201cThe costs of climate change should be borne by those with the highest responsibility for causing it \u2013 the most polluting countries, corporations, and individuals \u2013 and by those most capable of paying,\u201d said Mrs. Ruby Brown, Women for Sustainability Africa lead, on behalf of the group at a press conference in Accra yesterday.<\/p>\n
The call comes as part of activities marking the commemoration of this year\u2019s Global Week of Action on Climate Finance under the theme: \u201cUnlocking Climate Finance for Africa.\u201d<\/p>\n
According to the group, there was the need for the New Collective and Quantified Goal (NCQG) to respond to the need for significantly scaled-up international public climate finance, and that making polluters pay offers an equitable approach to raising much-needed revenues.<\/p>\n
\u201cThe NCQG needs to acknowledge the need for the fossil fuel industry and other high-emitting sectors to pay for the harm and destruction caused by their products,\u201d they insisted.<\/p>\n
Additionally, wealthy countries must fulfil their obligations under the United Nations Framework Convention on Climate Change (UNFCCC) and Paris Agreement in terms of providing the means of implementation for developing countries to address climate change, in line with the principles of equity and common but differentiated responsibilities in the light of respective capabilities (CBDR-RC).<\/p>\n
This, they explained, would ensure that Africa\u2019s shift from fossil fuels to renewable energy is just and inclusive.<\/p>\n
\u201cClimate finance should support the retraining and reskilling of workers in the coal, oil, and gas sectors, providing them with new opportunities in the emerging green economy. This approach helps to protect livelihoods while advancing climate goals.<\/p>\n
\u201cIn the face of blockbuster profits for fossil fuel companies, rising greenhouse gas (GHG) emissions and vast human suffering linked to climate-induced extreme weather events, the moral, economic and environmental case for making the fossil fuel industry and other high-emitting sectors pay has never been stronger,\u201d Mrs. Brown added.<\/p>\n
BY Nii Adjei Mensahfio<\/strong><\/p>\n\u00a0<\/p>\n
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Greenpeace Africa together with other climate-based CSOs are demanding for a Climate Damages Tax \u00a0 Ahead of the Conference of Parties (COP29), Greenpeace Africa (GPAF) in collaboration with Pro Environment Africa and other climate-based civil society organisations (CSOs) across the continent, has among others, called for an introduction of what it termed as the \u2018Climate […]<\/p>\n","protected":false},"author":1,"featured_media":219139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-219137","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"\n
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