UN asks all governments to tax the windfall profits of fossil energy companies

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The United Nations Secretary-General has called for a global climate solidarity pact and stressed the special responsibility of the US and China.

Euskaraz irakurri: NBEk gobernu guztiei eskatu who press fossil energy mozkinen gaineko zergak ezartzea

United Nations Secretary-General António Guterres has called on “all governments” to tax on extraordinary profits obtained by the fossil energy companies to tackle the problems arising from the rise in food and energy prices and the damage suffered by countries affected by climate change.

Guterres expressed himself in this way during his participation in the opening of the Implementation Summit, as the forum of world leaders that takes place in the context of the COP27 Climate Summit is called, which brings together almost 100 heads of state and government from Monday to Tuesday. in the Egyptian city of Sharm el Sheikh.

“I call on all governments to tax the windfall profits of fossil fuel companies. Let’s divert the money for people suffering from rising food and energy prices and for countries suffering loss and damage from: climate crisisGuterres emphasized.

With regard to the matter of loss and damage, compensation arising from: developing countries who suffer from the effects of climate change, but are hardly responsible for the polluting emissions Guterres has pointed out that this meeting must agree on “an accurate map with a clear timetable that reflects the magnitude of the urgency of the challenge”.

pact between countries

Guterres has also called on developed and emerging economies to draft a “climate solidarity pact” so that all countries “make the extra effort to reduce emissions this decade in line with the 1.5 degree target“.

This agreement should also ensure that rich countries and international institutions “provide financial and technical assistance to help emerging economies manage their own transition to renewable energy“Y”ending dependence on fossil fuels“.

It is also considering “coal phasing out in OECD countries by 2030 and in all others by 2040.”

To that end, he reminded the United States and China, the world’s two largest economies, that they have “a special responsibility to join forces to make this pact a reality,” representing the “one hope of achieving climate goals.”

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Source: EITB

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