Bond Trades, Business Travel Targeted in COP29 Finance Push
Influential climate leaders such as Barbados Prime Minister Mia Mottley are searching for new ways to raise cash to fight global warming.
Mottley at COP29.
Photographer: Hollie Adams/BloombergMore expensive business class flights, levies on stock and bond trades and a $5-a-ton tax on fossil fuel emissions. These are just some of the ideas being pitched by influential leaders at the COP29 summit as a way to raise much needed cash to help the world battle climate change.
Barbados Prime Minister Mia Mottley, who has emerged as one of the leading international voices on climate finance, is spearheading efforts to find new funding for developing nations and small island states. The task has become more urgent as extreme weather risks rise and it becomes clear that these countries can’t rely solely on the goodwill of their richer peers.