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France, Spain and others agree to tax private jets and premium flyers

On Monday, a group of countries, including France, Kenya and Spain, pledged to tax private jets and premium-class flights in an effort to raise money for climate action.

Many richer countries are reducing their official development assistance to developing nations, even though extreme weather events are increasing in frequency. Some of these nations have looked for new sources of funding, such as taxing polluting industry.

The "Sevilla Platform for Action", which aims to implement the global financing framework that was agreed upon before the event, made the announcement on the first day of the U.N. Development Summit in Seville, Spain.

The office of Spanish Premier Pedro Sanchez released a press release that stated, "The goal is to improve green taxation as well as foster international solidarity through the promotion of more progressive and harmonised fiscal systems."

It added that the European Commission will provide technical assistance to the initiative, which has been co-signed by Sierra Leone and Benin, as well as Somalia.

The Global Solidarity Levies Task Force was launched in November 2023. Its aim is to investigate new taxation methods that can help developing countries to reduce their carbon footprint and to protect themselves from the effects of climate change.

In a recent task force report, it was stated that in addition to an aviation tax that could raise billions, other sectors could be taxed, including shipping, oil and natural gas, cryptocurrency, and the super rich.

Rebecca Newsom, of the environmentalist group Greenpeace, called the move an "important step" towards making sure that those who abuse this sector and are not taxed fairly pay their fair share.

She said that the next "obvious step" was to hold oil companies accountable. Reporting by David Latona from Seville, and Simon Jessop from London. Mark Potter edited the story.

(source: Reuters)