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Bolivia Touts Financial Tax to Fund $100 Billion in Climate Aid

Bolivia is pushing for a tax on international financial transactions to help fund $100 billion of climate change aid that developed countries have pledged to provide by 2020.

Under the plan, countries could opt to charge a 0.01 percent tax on any money coming in from abroad for any transaction, Bolivia’s lead climate negotiator, Pablo Solon, said today in Bonn, where two weeks of United Nations climate talks started yesterday. The money would then be paid into a fund that can disburse aid to any country, Solon said.