Countries should tax oil imports, reduce methane emissions: Climate Group

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Countries should tax oil imports, reduce methane emissions: Climate Group - Business Standard

Quick Summary:

International non-profit organisation Climate Group kicked off the annual Climate Week NYC on Sunday, urging countries to tax imports of oil and gas to fund the green transition, remove barriers to renewable energy expansion, and rapidly reduce methane emissions.

Organised by Climate Group in partnership with the United Nations, Climate Week NYC is an annual event held in New York City that brings together world leaders, businesses, activists, and organisations to discuss and accelerate global climate action.

Releasing a seven-point to-do list to get the world on track with climate goals, Climate Group said the UN climate negotiations and the implementation of agreements alone are not delivering the speed of emissions cuts needed to avoid breaching the 1.5 degrees Celsius guardrail.