The two-day summit of world leaders and finance bosses, aimed at tackling climate change and poverty, ended without a major announcement Friday, said France 24.
One of the ideas discussed was a global tax on the greenhouse gas emissions produced from international shipping, which accounts for almost 3% of the total amount, according to the International Maritime Organization.
The article claims that a tax on shipping alone could raise $100 billion a year, adding that the money raised through taxation could be directed toward developing countries to help them resolve the challenges of climate change.
The French news agency states that activists are also pushing for a tax on the fossil fuel industry and another one on financial transactions, with little support from wealthier nations.
Climate activists gathered in central Paris on Friday to urge polluters pay for climate damage.
“There will be no climate justice without making the polluters pay,” said Patience Nabukala, part of the Fridays for Futures Uganda activist group. “People from countries like mine, we cannot afford to lose more lives, we cannot afford to lose more properties.”
