COP31: We Must Look Toward Billionaires and Central Banks to Fund Climate Actions

EXCERPT:

UNKNOWN MALE: “Also the establishment of the circle of indigenous peoples and local communities, but we also established the circle of finance ministries because we do believe that to get out of this mess — and sorry for being so blunt — we really need finance ministries and also central banks as part of this discussion, because otherwise we are not going to get out of this very damaging situation for our societies, our peoples and our economies. So it’s very much in their interest to do that. We have tried to do that over the last 4 years in many ways. I will also mention the G-20 when we had the G-20 presidency, and we very bravely and against all odds and against all recommendations did two things. One is to have a discussion about taxing so-called ultra high net worth individuals, so basically the billionaires, and many countries were against that, but we were brave enough to put it on the table, brave enough to discuss the evidence, and brave enough to have a declaration of G-20 leaders that said that we have to work on that.”