Richest oil states should pay climate tax, says Gordon Brown
The former Labour PM wants the wealthiest oil producers to help poorer nations tackle climate change.
The original was posted on /r/worldnews by /u/fungussa on 2023-09-25 15:40:24.
This is the best summary I could come up with:
The world's richest oil states should pay a global windfall tax to help poorer nations combat climate change, ex-PM Gordon Brown has said.
He said countries such as Saudi Arabia, the UAE, Qatar and Norway benefited from a "lottery style bonanza" last year, as the price of oil soared.
Speaking at last week's Climate Ambition Summit at the United Nations in New York, Secretary General Antonio Guterres warned that world leaders were coming up "abysmally short" in their efforts to curb carbon emissions.
He called for the world's biggest emitters to agree a climate solidarity pact to reduce emissions and support emerging economies.
Mr Brown said his plan would prevent a stalemate and potential breakdown at COP28 in the United Arab Emirates (UAE) - one of the richest oil producers identified.
Quoting figures from the International Energy Association (IEA), he said global oil and gas revenues had soared from $1.5tn (£1.2tn) before the Covid pandemic to an unprecedented $4tn (£3.3tn).
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