World leaders push for climate action, fossil fuel tax at UN talks ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 24
World leaders are making the case for tougher action to tackle global warming Tuesday, as this year's international climate talks in Egypt heard growing calls for fossil fuel companies to help pay for the damage they have helped cause to the planet. United Nations chief Antonio Guterres warned Monday that humanity was on a highway to climate hell with our foot on the accelerator," urging countries to "cooperate or perish. He and leaders such as Barbados Prime Minister Mia Mottley said it was time to make fossil fuel companies contribute to funds which would provide vulnerable countries with financial aid for the climate-related losses they are suffering. The idea of a windfall tax on carbon

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