Experts propose taxing polluters and the ultra-wealthy to fund climate crisis aid for poorer nations

A new report suggests taxing polluters and the ultra-wealthy to fund climate crisis aid for poorer nations. The Baku to Belém roadmap, discussed at Cop30, proposes taxes on fossil fuels, financial transactions, and carbon-intensive activities to meet a $1.3 trillion annual finance goal by 2035. This initiative aims to bridge the finance gap identified at Cop29, where rich nations pledged only a portion of the required funds for developing countries.