Climate love
Image of Esther Duflo

Esther Duflo

Climate love

Taxing the rich to address climate inequality – the bold but essential proposal of Esther Duflo at the G20 summit

Esther Duflo, a Nobel Prize-winning economist, presented a proposal to the G20 summit that suggests taxing global corporations and the world’s top billionaires to raise money for climate adaptation in countries that are most impacted by the climate crisis. The tax would range from 15-20% for multinational corporations and 2% for the world's top 3,000 billionaires. These 2 taxes could raise up to $400 billion per year for a loss, damage, and adaptation fund.
“Richer citizens emit much more than poorer citizens,” Duflo wrote in her proposal to the G20. But the brunt of extreme heat will be felt by poorer citizens who tend to live in hotter regions of the world. “Moreover, poverty makes it harder to adapt to warm temperatures,” she said.
This is the first time that a climate tax also aiming to address inequalities has been suggested and proposed to leaders of G20. This is pretty good that someone with such renown would advocate this.

Photographer: Joel Saget/AFP/Getty Images
Photographer: Joel Saget/AFP/Getty Images


Read more:



Do you agree?

14 more agrees trigger social media ads

  • Kevin

    3 w

    A very brilliant proposal that should be adopted. The taxes are very reasonable and most of these conglomerates actually cause so much emissions so its only fair.

    3
    • Sarah Chabane

      3 w

      Amazing to see her defending a climate tax at the G20! A real hero

      4
      • We Don't Have Time

        3 w

        Dear Marine Stephan Your climate love has received over 50 agrees! We have reached out to Esther Duflo by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

        2
        • Patrick Kiash

          3 w

          Thank you Esther. Your voice and climate tax insights proposal should be considered and implemented soonest.

          3
          • walter lungayi

            3 w

            Indeed, Esther Duflo's proposal represents a significant and proactive initiative to address climate inequality. By leveraging the resources of the wealthy, this approach has the potential to drive meaningful progress in tackling environmental challenges and promoting sustainability on a global scale.

            3
            • Kevin

              3 w

              @walter_lungayi The very wealthy may try to shoot it down but it is indeed a very welcome proposal.

              1
            • Elizabeth Gathigia

              3 w

              $400 billions per will make a big change, we need more conscious leaders like her who wannts the best for our planet

              3
              • Rukia Ahmed Abdi

                3 w

                This is a weighty proposal coming at a time the world is grappling with harsh effects of climate change.I wish It sails through the G20

                3
                • George Kariuki

                  3 w

                  This is exactly the kind of bold leadership we need on climate change. $400 billion a year for adaptation could make a HUGE difference.

                  7
                  • Joseph Githinji

                    3 w

                    This is a tough measure that is welcome for the sake of our environment. I hope the proposal tabled by @EstherDuflo will be adopted by the G20 members. However it is important to note that funds from this should be well utilised.

                    8
                    Welcome, let's solve the climate crisis together
                    Post youtube preview with preloading
                    youtube overlay

                    Write or agree to climate reviews to make businesses and world leaders act. It’s easy and it works.

                    Write a climate review

                    Voice your opinion on how businesses and organizations impact the climate.
                    0 trees planted

                    One tree is planted for every climate review written to an organization that is Open for Climate Dialogue™.

                    Download the app

                    We plant a tree for every new user.

                    AppleAndroid