From Common Dreams <[email protected]>
Subject End Oil Subsidies + Tax the Rich = $5 Trillion for Climate
Date September 24, 2024 12:17 PM
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"The real question isn't whether we can afford to act, but whether we can afford not to."


** Ending Oil Subsidies, Taxing the Rich Could Help Free Up $5 Trillion a Year for Climate: Report
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September 24, 2024

Research published Tuesday estimates that rich countries could mobilize over $5 trillion a year for climate action worldwide by cutting off subsidies to the oil and gas industry, imposing a levy on big polluters, and cracking down on tax evasion by large corporations and the rich.

"The truth is simple: the money exists, but the political will does not," said one expert.


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