The UN asks all governments to tax the windfall profits of fossil energy companies

Euskaraz irakurri: NBEk gobernu guztiei eskatu die fossil energy enpresen mozkinen gaineko zergak ezartzea

The Secretary General of the United Nations, António Guterres, has called on “all governments” to implement tax on extraordinary profits obtained by the fossil energy companies to address the problems arising from the rise in food and energy prices and the damage suffered by countries affected by climate change.

Guterres expressed himself in this way during his participation in the opening of the Implementation Summit, as the forum of world leaders that takes place within the framework of the COP27 Climate Summit is called, and that from Monday to Tuesday brings together nearly of a hundred heads of state and government in the Egyptian city of Sharm el Sheikh.

“I call on all governments to tax the windfall profits of fossil fuel companies. Let’s redirect the money for people suffering from rising food and energy prices and for countries suffering loss and damage from climate crisisGuterres emphasized.

In reference to the issue of loss and damage, compensation due to developing countries who suffer the consequences of climate change but are hardly responsible for the polluting emissions that have caused it, Guterres has pointed out that this meeting must agree on “a precise map with a clear timetable that reflects the scale of the urgency of the challenge”.

pact between countries

Guterres has also called for developed and emerging economies to establish a “climate solidarity pact”, so that all countries “make the extra effort to reduce emissions this decade in line with the 1.5 degree target“.

This agreement must also guarantee that rich countries and international institutions “provide financial and technical assistance to help emerging economies accelerate their own transition to renewable energy” Y “end dependence on fossil fuels“.

It also contemplates “phasing out coal in OECD countries by 2030 and in all others by 2040.”

To this end, he reminded the United States and China, the two largest economies in the world, that they have “a particular responsibility to join forces to make this pact a reality”, which represents the “only hope for achieving climate goals”.