HomeLife Style80-nation coalition takes off...

80-nation coalition takes off to tax luxury flyers, fund global climate fight

Cabin hostess Anna Orszulik stands in front of a VistaJet Global 7500 business jet at the Henderson Executive Airport during the NBAA Business Aviation Convention & Exhibition in Henderson, Nevada, US, October 12, 2021. — Reuters

Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on wealthy air passengers to help poorer nations respond to climate change, the French presidency said.

The coalition, which also brings together Somalia, Benin, Sierra Leone and Antigua and Barbuda, said it would work to increase the number of countries taxing plane tickets, including business-class travel, and private jets.

The air industry is a major source of polluting emissions that contribute to global warming, which inflicts its worst impacts on vulnerable developing countries that are least responsible.

Ahead of November’s UN climate summit in Brazil, the French presidency said in a statement that the group would work on making the aviation sector contribute more to funding climate adaptation.

The aim would be to plough at least some of the tax proceeds into “resilient investments and fair transitions” and help poorer countries raise more domestic revenue, a key factor for development, the statement added.

France, Kenya and Barbados have previously lobbied for such “solidarity levies” to raise money for climate action, suggesting taxes on shipping, fossil fuels, plastic and cryptocurrency.

The group has suggested levies on flying could raise up to 187 billion euros ($220 billion) if they were applied across the board.

Greenpeace welcomed an “important step” to raise more money from “the most elite and polluting form of travel”, which has remained “undertaxed”.

“Bold, cooperative action that makes polluters pay is not just fair — it’s essential,” Greenpeace’s global political lead, Rebecca Newsom, said in a statement.

The announcement came during a UN development conference in Spain that aims to deliver fresh impetus for a sector reeling from severe cuts to foreign aid, which have repercussions for poor countries’ battle against climate change.

Wealthy nations that have historically done the most to drive climate change are obliged to provide finance to help poorer countries adapt to its consequences under the 2015 Paris Agreement.

Source link

- A word from our sponsors -

spot_img

Most Popular

More from Author

- A word from our sponsors -

spot_img

Read Now

Compensation For Delay In Flat Possession Not Taxable Under Section 50C, Rules Mumbai ITAT | Tax News

Last Updated:November 09, 2025, 16:43 ISTMumbai ITAT rules compensation for flat delivery delays is not taxable under Section 50C. Experts say this offers relief to taxpayers facing project delays.Section 50C Can’t Apply Without Actual Property Transfer, Rules Mumbai ITATIn a significant ruling, the Mumbai bench of the...

Optical illusion: Only 1% of people can spot the hidden face in this burger. Can you?

Optical illusions have gained a lot of popularity recently, as they get our brain to exercise, and can be the perfect test of our observational skills and keen eye. They are also super fun to solve, and can be the perfect recipe for a bored...

Dolly Parton leans on music industry for support amid health scares: Source

Dolly Parton has reportedly been finding comfort in the company of fellow music artists during a challenging period for...

Rs 1 lakh Crore Fund To Mitigate R&D Risks, Spur Private Investment In Cutting-Edge Technologies: Secretary DST | Economy News

New Delhi: The recently launched Rs 1 lakh crore Research Development and Innovation (RDI) fund, particularly focused on India's private sector, aims to support the private research and innovation mindset among players and mitigate the financial risks associated with it.   Speaking at a workshop organised by the Department...

With presidents and royalty in attendance, Egypt unveils $1bn cultural ‘GEM’

Prime ministers, presidents and royalty descended on Cairo on Saturday to attend the spectacle-laden inauguration of a sprawling new...

Obituary: James Watson

Getty ImagesIn February 1953, two men walked into a pub in Cambridge and announced they had found "the secret of life". It was not an idle boast.One was James Watson, an American biologist from the Cavendish laboratory; the other was his British research partner, Francis Crick....

T Rabi Sankar: Frauds up since July, battle on

MUMBAI: RBI deputy governor T Rabi Sankar said the fight against digital fraud is far from over, noting that the decline seen earlier this year reversed in July, with cases rising again.He said fraud levels had been falling since the start of the year before...

iOS 26.1 update boosts iPhone security and performance improvements

NEWYou can now listen to Fox News articles! Apple's iOS 26.1 update is more than a standard patch. It boosts security, speeds up performance and adds practical upgrades to features you already use. The update fixes dozens of vulnerabilities that impact Safari, Photos and Apple...

Florence Welch opens up about ectopic pregnancy and doubts about releasing new music

Florence Welch opens up about ectopic pregnancy and doubts about releasing new music - CBS News ...