"Macron leads call for global taxation to fund climate action at Paris summit"

1 min read
Source: POLITICO Europe
"Macron leads call for global taxation to fund climate action at Paris summit"
Photo: POLITICO Europe
TL;DR Summary

French President Emmanuel Macron has called for an international taxation system to finance climate efforts, suggesting measures such as a tax on financial transactions or an extra fee on airline tickets. Macron's call may also be a way of spurring talks on a shipping levy at the International Maritime Organization ahead of a meeting next month. While the initiative is still in its early stages, French Finance Minister Bruno Le Maire said such initiatives should be launched early in order to be successful.

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