Further information

It’s time for the fossil fuel industry to pay for the damage caused to vulnerable countries by climate change.

Find out more about the Climate Damages Tax, how climate-related loss and damage is putting billions at risk, and how the fossil fuel industry tried to hide climate change for years.

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

Our new Climate Damages Tax report was launched 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.

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.

Climate Damages Tax Campaign London launch (April 2018)

The Climate Damages Tax campaign launch was held in London on April 16th, with Caroline Lucas MP (Green Party Co-Leader), Barry Gardiner MP (Shadow Minister for International Climate Change), Foreign Minister for Vanuatu Ralph Regenvanu MP, Avinash Persaud (Head of Economic Reconstruction of Dominica post-Hurricane Maria) and Emele Duituturaga of the Pacific Islands Associations of NGOs.

Watch the video of the launch here

Climate Damages Declaration (2017)

Ahead of the 2017 UN summit on climate change (COP23) more than sixty organisations committed to work with us toward establishing a Climate Damages Tax.

These include: international organisations like Greenpeace, WWF, CARE, Christian Aid and Practical Action; global networks like Climate Action Network; regional groupings of states such as the Pacific Islands Development Forum; youth organisations such as the Caribbean Youth Environment Network, the Arab Youth Climate Movement and UK Youth Climate Coalition; and climate experts such as Naomi Klein.

See the declaration and full list of signatures here

Carbon Majors Report

Just who are the big polluters? Groundbreaking research finds that 100 active fossil fuel producers including ExxonMobil, Shell, BHP Billiton and Gazprom are linked to 71% of industrial greenhouse gas emissions since 1988.

The report also shows that these global-scale emissions are concentrated over a small number of producers. From 1988 to 2015, just 25 fossil fuel producers are linked to 51% of global industrial GHG emissions. The highest emitting companies over the period since 1988 include:

  • Public investor owned companies such as ExxonMobil, Shell, BP, Chevron, Peabody, Total, and BHP Billiton;
  • State-owned entities such as Saudi Aramco, Gazprom, National Iranian Oil, Coal India, Pemex, CNPC and Chinese coal, of which Shenhua Group & China National Coal Group are key players.

Read the report by the Carbon Disclosure Project here.

Climate Action Network submission to UNFCCC

Climate Action Network – an international network with more than 1,000 member organisations in 120 countries – featured the Climate Damages Tax in their recent submission on finance for loss and damage. Their submission also talks about how to generate and deliver finance to the communities on the frontline of climate impacts.

Read the Climate Action Network report here.

Paying the Real Costs of the Fossil Fuel Industry

How much profit to the big oil, coal and gas companies make? Bucketloads! They make this profit by outsourcing the true cost of their product onto poor people in the form of climate impacts.

Read the report ‘Making a Killing’ by the Climate Justice Programme here.

Fossil Fuel Companies and Climate Denial

The big fossil fuel players – ExxonMobil, Shell and others – have known about climate change since the 1970s. But they’ve done their best to obfuscate the science, paying lobbyists to delay climate action, and running a very well funded campaign to stop lawmakers from taking action.

The Center for International Environmental Law provide a detailed look at the playbook of the oil industry, and the documents they have uncovered supporting it.

Find out more about the fossil fuel industry and climate change denial here.

The #ExxonKnew campaign has uncovered how Exxon knew about climate change half a century ago. They deceived the public, misled their shareholders, and robbed humanity of a generation’s worth of time to reverse climate Change.

Find out more about how #ExxonKnew here.

Take Action!

Support the Climate Damages Tax campaign – contact us to find out how you can get involved.