UN chief urges to Tax fossil fuel profits for climate damage

The UN Secretary-General believes that windfall profits produced by fossil fuel companies should be taxed in order to cover climate harm. According to Antonio Guterres, polluters should be held accountable for the effects of climate-related catastrophes. International discussions have long been hampered by the issue of who pays for these losses. Poor nations argue that due of their historical carbon emissions, the wealthy should pay. Richer countries, however, reject all demands for reparations. Discussions at the upcoming COP27 summit in Egypt are probably going to be dominated by disagreements over this issue. Climate change, which the Secretary-General considers to be the most important issue of our time, is at the center of that. He claims that it is a case study in both moral and financial justice. After experiencing the recent disastrous flooding in Pakistan, Mr. Guterres is now emphasizing the urgent need for the wealthy world to respond to the needs of the underprivileged. And it is clear who he holds accountable for the global climate problem.