Ending G7 fossil fuel subsidies could generate $101bn to offset climate damages in the Global South by 2026

Analysis by ActionAid International and The Robin Hood Tax Campaign shows that if the G7 countries stopped subsidising fossil fuels – as they committed to do in 2016 – this could provide $101 billion by 2026 to tackle climate-related loss and damage that is already hitting the world’s poorest countries.

But this would only go some way towards covering the $290-$580 billion projected financial cost of such damage to countries in the Global South by 2030. A carbon tax would help to make up the difference – at the same time as driving a rapid transition to zero carbon.

Full story here.

Photo: Flooding in Bangladesh, 2020, @UKinBangladesh, Twitter

Cutting tax on domestic flights “beggars belief” say climate campaigners

The UK government has announced that it intends to cut air passenger duty on domestic flights.

Dr Doug Parr, chief scientist for Greenpeace UK, said: “After the fuel duty freeze and rail fare rises, cutting duty on domestic flights would continue our nonsensical trend of the higher the carbon, the lower the tax.

“The government needs to face up to the unavoidable reality that the aviation industry has to be smaller than it was before the pandemic, and get on with the vital job of making that process as painless as possible for the workers, and with the lowest possible impact on the climate.”

Full story here.

Image from http://www.shutterstock.com, CC BY-ND