OECD countries

Climate Damage Tax | A Guide To What It Is And How It Works

Climate Damage Tax | A Guide To What It Is And How It Works

The Climate Damages Tax (CDT) addresses the injustice of climate devastation impacting populations around the world who did not cause the climate change but are left to pay for it without the means to do so. It looks to the fossil fuel industry - the burning of whose products are the root cause of the problem - who are currently making grotesque levels of profits in the hundreds of billions of dollars every year, to be held accountable for their actions. Most specifically, by being taxed considerably more to help pay for the skyrocketing bill for damages they have to date avoided.