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June 26, 2023

Paris Climate Finance Summit Wraps Without Agreement on Shipping Tax
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In Paris, dozens of heads of state wrapped up a two-day summit on
climate finance Friday without an agreement to tax greenhouse gas
emissions produced from international shipping. U.S. Treasury Secretary
Janet Yellen said the Biden administration would consider the proposal,
which was advanced by French President Emmanuel Macron. The climate
action group Oil Change International noted leaders of wealthy nations
were largely absent from the meeting, saying they missed a critical
opportunity to redirect billions of dollars from fossil fuels, debt and
the ultra-rich to address the climate crisis. This is Mitzi Tan, a
climate activist from the Philippines who joined protests on the
sidelines of the talks.

Mitzi Tan: "We are all in this crisis together. We are not equally
impacted. Countries like the Philippines will experience it a lot worse.
But we all have to band together to demand for justice, to demand for no
more fossil fuel finance and to demand for debt cancellation, because
that is what we need to ensure that communities and marginalized people
across the world are able to access this finance and actually adapt,
mitigate and live in this climate crisis."



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