Innovative taxes needed to “find” $300 billion pa for climate damage

In socialistspeak people don’t produce goods to make money, they “find” money lying around the crysanthymums or something, because $300,000,000,000 dollars didn’t have anywhere else to be.

Innovative finance needed to find $300 billion a year for climate losses

And what if the solar dynamo drives climate change instead?

Tax the Sun.

My climate prediction: Global climate reparations are going to employ 100 million accountants.

By Laurie Goering

LONDON (Thomson Reuters Foundation) – With money for action on climate change already in short supply, an estimated $300 billion a year needed to help countries deal with unavoidable climate losses will have to come from innovative new sources, such as a financial transaction tax or carbon tax, researchers say.

Funding for such climate “loss and damage” aims to assist people who lose their land to sea level rise, for instance, or are forced to migrate as drought makes growing crops impossible in some regions.

“What stands out most clearly is that there isn’t currently enough funding to even begin thinking about financing loss and damage, with available climate, development, risk reduction and disaster recovery financing all falling short by an order of magnitude,” said researchers at […]