This June, the Finance for Development (FfD4) Summit will be a critical moment to fix global climate finance. The summit’s co-chairs — Mexico, Nepal, Norway & Zambia — have the power to lead, but they must act now to ensure the biggest polluters and profiteers contribute their fair share.
Right now, the aviation, fossil fuel & financial sectors are escaping fair taxation. Aviation is one of the fastest-growing CO2 emitters, yet jet fuel is barely taxed. Fossil fuel giants made $281 billion in just two years, while everyday consumers pay more in taxes than financial traders. A Financial Transaction Tax alone could raise $433 billion annually — money that could support climate action and a just transition.
The FfD4 co-chairs must step up and ensure solidarity levies stay in the negotiations. This is a chance to fix climate finance for good — but it won’t happen without public pressure. Tell them to act now — our future depends on it.