Bolivian government and Catholic aid groups back the Robin Hood Tax
The Irish Times reports that this week at the UN climate change talks in Bonn, the Bolivian Ambassador Pablo Solon has called for a financial transactions tax to raise money tackle climate change – one of the key demands of the Robin Hood Tax campaign. It could generate “real funds immediately”, he is reported to have said, to help developing countries protect tropical rain forests and fight global warming.
And CIDSE, the international alliance of Catholic development agencies has issued a major report, The FTT for people and the planet – financing climate justice which argues that an FTT could pay for the UN climate change deal outright.
CIDSE President Chris Bain said:
“There is no excuse for procrastination. The FTT is a credible mechanism by which to generate substantial amounts of money to help fill the climate fund and finance other global challenges, without requiring additional sacrifices from the taxpayer. Naysayers should realise that if the well-being of people and the planet are at risk, the future of the financial sector is too. The right thing to do now is to put people first, supporting the introduction of a Financial Transaction Tax for a better future.”