Financial transaction taxes for climate change
This recommendation paper addresses financial transaction taxes (FTTs) as a new and innovative source of financing to address the growing and global challenges of climate change, biodiversity loss, poverty and social injustice, especially for those countries and populations most vulnerable to the impacts of climatic disruptions they played little or no role in causing. It looks forward to enable the delivery on existing commitments for climate action in order to reduce global greenhouse gas emissions to levels that will avoid a climate catastrophe and to provide the resources to allow developing countries to adapt to those impacts that have become inevitable.