The Climate Damages Tax: A guide to what it is and how it works (2019)

Our original Climate Damages Tax report was launched in 2019 during COP24 in Katowice, Poland. The report outlines how a Climate Damages Tax on the fossil fuel industry – those overwhelmingly responsible for the climate problem – could raise approximately $300 billion a year in revenues for loss and damage to help the most vulnerable people deal with the worst impacts of climate change, and billions more for just transition to renewable energy, jobs and transport.

Note: The updated report was published in 2024 for more details click here

EXECUTIVE SUMMARY: Executive Summary – The Climate Damages Tax: A guide to what it is and how it works

REPORT: The Climate Damages Tax: A guide to what it is and how it works

OPED: It’s time for those who caused climate change to pay for it

Please click here for the full data estimating potential CDT revenues.