Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Perenco Vietnam signs new production sharing contract for Block 15-1

July 3, 2025

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back As Traders Focus On OPEC+ Production Boost

July 3, 2025

Extreme heatwaves may cause global decline in dairy production, scientists warn | Extreme heat

July 3, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » New Coalition Launches to Tax Premium Flyers for Climate Resilience and Fair Transitions
ESG & Sustainability

New Coalition Launches to Tax Premium Flyers for Climate Resilience and Fair Transitions

omc_adminBy omc_adminJuly 2, 2025No Comments4 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


New levies on luxury flights: France, Kenya, Spain, and five other nations launch a coalition to tax premium air travel and private jets, aiming to direct funds toward climate resilience and fair transitions.

Massive revenue potential: Global implementation of levies on premium tickets and private jet kerosene could generate over €78 billion annually, according to research commissioned by the Global Solidarity Levies Task Force.

Framework set for COP30: The coalition plans to finalize the initiative’s structure and national legislation changes ahead of COP30 in Brazil, inviting other countries to join a harmonized global approach.

A coalition of eight countries — France, Spain, Kenya, Barbados, Somalia, Benin, Sierra Leone, and Antigua & Barbuda — has launched a global initiative to tax premium air travel and private jet use as part of a broader push to finance climate resilience and sustainable development. The effort was unveiled at the Fourth International Conference on Financing for Development (FFD4) in Seville, Spain.

The initiative is part of the Seville Platform for Action (SPA) and builds on the work of the Global Solidarity Levies Task Force, created under the Pact for Prosperity, People and Planet (4P) at COP28. The coalition aims to bring aviation — a rapidly growing source of emissions — into alignment with climate financing goals.

“We need those that benefited from globalisation to contribute more to financing,” said French President Emmanuel Macron. “I urge all possible countries to join this international framework because it is absolutely key.”

French President Emmanuel Macron

A Pragmatic and Scalable Approach

The aviation sector is responsible for more than 2.5% of global energy-related CO₂ emissions, yet kerosene used for international flights is generally exempt from taxes. In 2021, the G20 average carbon cost of kerosene was just €9/ton of CO₂, compared to €79 for diesel and €68 for gasoline.

Friederike Röder, director of the Global Solidarity Levies Task Force Secretariat, noted: “Targeting aviation first is a very pragmatic choice… It makes sense economically speaking from a tax justice and climate perspective and can generate a significant sum.”

Friederike Röder, director of the Global Solidarity Levies Task Force Secretariat

According to task force research, global levies on business and first-class tickets could raise up to €37 billion ($43.7 billion) annually, while taxes on private jet kerosene could bring in €41 billion ($48.5 billion).

The coalition intends to increase the number of countries applying such levies, especially on premium travel, and ensure greater progressivity and upward harmonization of existing taxes. Private jets will be taxed based on best practices, and all or part of the proceeds will be funneled into “resilient investments and fair transitions,” according to a French presidential statement.

RELATED ARTICLE: Green Climate Fund Commits $687M to Climate Resilience, Forestry, and Early Warning Projects

From Domestic Action to Global Impact

The coalition aims to improve domestic revenue mobilization for developing nations while supporting global solidarity, especially in areas such as climate adaptation, health emergencies, and poverty alleviation. It also opens the door for discussions around international taxation mechanisms, potentially in alignment with ongoing efforts at the International Civil Aviation Organization (ICAO) and within the boundaries of the Chicago Convention.

Röder emphasized: “This would be a powerful signal because it would show that levies are used for global public goods.”

The group plans to finalize the policy framework before COP30 in Belém, Brazil, and implement legislative changes starting in 2026. A public consultation will help shape the criteria for how funds are spent, with both domestic and international applications anticipated.

A Model Already in Motion

The model has precedent. Since 2011, France and other countries have used solidarity levies on airline tickets to raise over $2 billion for Unitaid, an initiative tackling HIV, tuberculosis, and malaria in low-income countries.

With tightening public budgets and shifting global priorities, many governments are exploring “innovative and debt-free” financing tools. The Brazilian government is expected to highlight solidarity levies in the “Baku-to-Belém” roadmap, a plan aimed at mobilizing $1.3 trillion annually by 2035 for climate-related investments. This roadmap follows the modest $300 billion pledge made by developed nations at COP29.

“Solidarity levies need to be a critical piece of the puzzle,” Röder stressed, but cautioned that they “should not be used to allow advanced economies to escape their commitments and responsibilities.”

As this coalition works toward a robust global framework, the move to tax luxury air travel could mark a turning point in how climate action is financed—shifting the burden to those most able to contribute.

Follow ESG News on LinkedIn



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

IKEA to Cut 1,400 Tons of Plastic Annually with Paper-Based Fitting Bags

July 3, 2025

Salesforce Launches Agentforce to Automate Sustainability Disclosures and Unlock Emissions Insights

July 3, 2025

Terra CO2 Secures $124.5M to Accelerate Commercial Rollout of Low-Carbon Cement Alternatives

July 3, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20254 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20253 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

Perenco Vietnam signs new production sharing contract for Block 15-1

By omc_adminJuly 3, 2025

Perenco Vietnam and its partners in Block 15-1 have signed a new Production Sharing Contract…

Energy job market shows stability despite modest dip, says Energy Workforce

July 3, 2025

IKEA to Cut 1,400 Tons of Plastic Annually with Paper-Based Fitting Bags

July 3, 2025

Salesforce Launches Agentforce to Automate Sustainability Disclosures and Unlock Emissions Insights

July 3, 2025
Top Trending

Extreme heatwaves may cause global decline in dairy production, scientists warn | Extreme heat

By omc_adminJuly 3, 2025

Impact Investor responsAbility Appoints Nadia Nikolova as New CEO

By omc_adminJuly 3, 2025

ISSB Kicks Off Update of Sector-Focused SASB Sustainability Reporting Standards

By omc_adminJuly 3, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

Fast-Food Chains Leverage AI for Supply Chain Efficiency, Cost Savings

July 3, 20250 Views
Our Picks

Energy job market shows stability despite modest dip, says Energy Workforce

July 3, 2025

USA Crude Oil Inventories Rise by Almost 4MM Barrels WoW

July 3, 2025

Mozambique President Urges Total LNG Restart Despite Risks

July 3, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.