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Fossil fuels tax to fund climate efforts proposed at UN talks

2013-07-19 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: UN climate finance talks in Manila ended on Wednesday with no new pledges but showed signs of progress in identifying new sources of funding, such as a levy on fossil fuels. The two-day meeting marked the latest attempt by countries to establish how developed countries can meet their pledge to provide $100 billion a year by 2020 to enable poorer states to cut pollution and build a climate resilient infrastructure. As yet it is unclear where that money will come from, but delegates attending...

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