On the eve of the World Economic Forum in Davos and following the disastrous outcome of negotiations on a new climate finance target at COP29 of the UN Framework Convention on Climate Change in Baku, Azerbaijan in November 2024, this document explains how fair taxation and responsible financing can play a key role in raising a significant amount of finance that is urgently needed to address the climate crisis, particularly for lower-income countries. Rapid progress must be made in 2025 at the Fourth Financing for Development Forum and in the development of the binding UN Framework Convention on International Tax Cooperation.
Read the full statement here: