The president of Brazil, Luiz Inácio Lula da Silva, demanded this Friday a greater financial contribution from large multinationals and the richest countries to combat the climate crisis, as they are the most polluting on the planet, on the second and last day of the COP30 leaders’ summit.
“A minimum tax can generate valuable resources for climate action,” said Lula, at the opening of the session on the 10 years of the Paris Agreement.
During his speech, the Brazilian president demanded equity and climate justice and pointed out that developing countries cannot continue facing the climate crisis with debt, since this means “reverse financing” that ends up enriching the richest again.
“Developing countries are doing their part. Now it is up to those who have more resources and more historical responsibility,” he said.
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According to the progressive leader, while most of the planet’s wealth comes from people and companies, public budgets have been reduced, so the demands for nations to adapt to the effects of climate “will require even greater financing efforts.”
“Without including private capital, the figures do not add up,” he stressed.
Lula added that the super-rich are the most polluting on the planet and cited figures from the NGO Oxfam that indicate that a person who is part of the richest 0.1% on the planet emits more carbon in a single day than the poorest 50% of the world’s population in an entire year.
With information from EFE.
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