Archive · 30 Jul 2025

Fossil Fuel Levies Could Raise Billions for Climate Finance

Fossil Fuel Levies Could Raise Billions for Climate Finance

Imagine countries working together to fight climate change.

A new study says that by taxing fossil fuels, they could raise a lot of money.

This money would help countries switch to clean energy.

One idea is to tax the fuel used by big ships.

Another is to tax people who fly in expensive private jets.

The study suggests if the EU and China work together, even more money could be raised.

This team effort could protect the planet by lowering the cost of fossil fuels and cutting emissions.

Sources