A wealth tax could help poorer countries tackle climate crisis, economists say

Taxing world's wealthiest people could help poorer countries shift economies to low-carbon and recover from climate damageTax extreme wealth to pay for the climate-related damage to the poorest, a group of more than 100 leading economists have urged.A wealth tax on the fortunes of the world's richest people would raise trillions of dollars that could be spent on helping poorer countries shift their economies to a low-carbon footing, and on "loss and damage", the rescue and rehabilitation of countries stricken by climate disaster. Continue reading...