By Guest • Tuesday, April 17, 2018 – 01:59
By Megan Darby, Climate Home News
UK Labour supported a call by Vanuatu for a “climate damages tax” on fossil fuel producers at a meeting of Commonwealth heads of government in London this week.
“It is eminently reasonable that those most responsible for the damages caused by climate change should pay a greater share,” said UK Labour shadow international climate change minister Barry Gardiner.
He was speaking at a side event on Monday attended by Vanuatu’s foreign minister Ralph Regenvanu and Greens MP Caroline Lucas. Gardiner said Labour, unlike the Greens, had not settled on the tax as a formal policy.
“Labour has not committed to a specific climate damages tax, but we are clear that fossil fuels can no longer hide away from their enormous responsibilities,” Gardiner said.
Regenvanu said Vanuatu desperately needed funds to bounce back from climate disasters – and he would propose the tax to his Commonwealth counterparts as a solution.
The Pacific island state was due to host the summit until Cyclone Pam, a category 5 tropical storm, wiped out swathes of its infrastructure in March 2015. It is still rebuilding.
“Climate change is wreaking havoc with Vanuatu’s aspirations for sustainable development,” he said. “We just cannot afford what is happening to our country… Vanuatu would be very happy to see this tax come in as a way to help us.”
Consultancy Climate Analytics estimates unavoidable climate change impacts will cost developing countries more than $400 billion a year by 2030 and $1.6 trillion by 2050, based on current policy and warming trends.
Labour: Fossil Fuel Companies Knew about Climate Change and Can No Longer Hide From Their Responsibilities
DeSmog UK) Labour: Fossil Fuel Companies Knew about Climate Change and Can No Longer Hide From Their Responsibilities By Guest • Tuesday, April 17, 2018 – 01:59 By Megan Darby, Climate Home News UK Labour supported a call by Vanuatu for a “climate damages tax” on fossil fuel producers at a meeting of Commonwealth heads… [Read More]