Sevilla, Spain – A growing coalition of countries have pledged to take action on taxing the super-rich and polluting companies at the 4th International Conference on Financing for Development conference.[1][2] But governments have failed to support bold measures to address the debt crisis that massively undermines Global South capacities to deal with social and environmental challenges and risks fuelling destructive extractive activities.
Fred Njehu, Global Political Lead at Greenpeace Africa, said: “Sevilla was a crucial moment for multilateralism, yet rich and powerful governments failed to match the urgency of the debt crisis hitting Global South countries, undermining wellbeing and climate action. A glimmer of hope is the new coalitions of countries that have pledged bold action to tax the super-rich and polluting corporations. These alliances are important for building momentum to unlock vital public finance beyond debt repayments.
“Now, world leaders must heed public anger over billionaire and fossil fuel greed. They must back transformative tax justice at the UN Tax Convention and COP30 to make super-rich individuals and powerful companies pay their fair share. They must listen to countries on the frontline, experts, and civil society activists throughout this conference calling for climate and tax justice.”
ENDS
Notes:
[1] Greenpeace welcomes new global initiative to advance tax reform on the super-rich
[2] New taxes on premium flyers and private jets: Greenpeace comment
Contacts:
Tal Harris, Global Media Lead – Stop Drilling Start Paying campaign, Greenpeace International. +41-782530550, [email protected]
Lee Kuen, Global Comms Lead – Fair Share campaign, Greenpeace International. +601112527489, [email protected]
Greenpeace International Press Desk, +31 (0)20 718 2470 (available 24 hours), [email protected]
