Building coalitions to advance solidarity levies on highly globalized and under-taxed sectors to fund climate and development goals.
The development and climate finance gap is widening.
International public finance for development and climate is not increasing enough, or even decreasing and many countries are suffering from debt distress.
Levies have the potential to mobilize additional, debt-free financing, while also improving tax justice and creating more stable and predictable sources of funding for global challenges.
The Task Force is looking into progressive levies which have been tried and tested, focusing on undertaxed sectors which are often heavy polluters. The levies can be implemented by a coalition of the willing without requiring global agreement.
Our Members
The Global Solidarity Levies Task Force: For People and the Planet was launched at COP28 in November 2023, by co-chair countries Barbados, France and Kenya.
The Task Force also consists of Antigua & Barbuda, Colombia, Denmark, Djibouti, Fiji, Marshall Islands, Senegal, Sierra Leone, Somalia, Spain, and Zambia.
At COP30, the Task Force announced the first coalition of the willing for solidarity levies focused on premium aviation. The Coalition consists of Benin, Djibouti, France, Kenya, Nigeria, Sierra Leone, Somalia, South Sudan, and Spain, with Antigua and Barbuda, Fiji, Brazil and Vanuatu as observers.
“The polluter pays principle has guided us thus far: if you have contributed to the problem, you should contribute to the solution. We know that levies on shipping, aviation and fossil fuel extraction could raise a combined $350bn a year. A 0.1% levy on all stock and bond trades could raise $418bn a year. These decisions are not beyond us.”
– Prime Minister of Barbados, Mia Mottley
“Where we are not delivering is in terms of financing. The situation of many countries is worse in terms of debt sustainability. In order to go further, we have to mobilise global solidarity levies…We need those that benefited from globalisation to contribute more to financing. I urge all possible countries to join this international framework because it is absolutely key.”
– President of France, Emmanuel Macron
“The Global Solidarity Levies Task Force, co-chaired by Kenya, France and Barbados, has explored innovative sources of finance… Many of the ideas are not new, as different countries have had such levies. What we need here is political will. We cannot keep talking about change without implementing it. The world is watching and expecting real outcomes.”
– President of Kenya, William Ruto
“Finding new ways to raise the billions needed to fight climate change effectively and equitably is a huge, but necessary task… our Task Force will be looking for workable solutions for governments across the world. We’re inviting nations across the world, as well as stakeholders and experts, to engage with and input into our research…”
– Laurence Tubiana, CEO of the European Climate Foundation and the architect of the Paris Climate Agreement and Chair of the Secretariat of the Global Solidarity Levies Task Force
Our Partners
We work closely with a wide range of organizations that are committed, alongside us, to finding sustainable financing solutions for the fight against climate change and international development.
We can count on a group of renowned international specialists in economics, taxation, and development and climate finance.
FAQ
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