Who should pay for climate damage? We think it should be the firms that profit from it

Ashfaq KhalfanClimate Change, Private sector, Tax

Oxfam and ally organisations are calling for a permanent tax on the profits of fossil fuel firms. Such a tax, says Ashfaq Khalfan, could raise $400bn in its first year, vital funds that could not only support those suffering climate loss and damage but also accelerate the switch to a green global economy.