Add my name!

Open Letter:

Tell Leaders of the G20: Tax Their Billions to Fix the Climate Crisis

We're calling on the leaders and Finance Ministers of the world's biggest economies to tax the ultra-rich – to help fund the transition from fossil fuels to renewables and to tackle inequality. 

Billionaires are greedily stockpiling money, while the planet heats up and we face growing energy bills. The money to solve the cost-of-living and climate crises exists – it’s just in the hands of the wrong people.

We need to pressure governments to tax the ultra-rich. 

It’s time to make billionaires pay up what they owe to fund renewable energy, help pay for climate damage and fight poverty around the world.

Are you with us? Add your name.

View the full open letter text.

Call on G20 leaders and Finance Ministers to back a global wealth tax on the ultra-rich

Dear Leaders of the G20,

While many of us are hit with energy bills we can’t afford and faced with record-breaking heat waves, floods and fires, billionaires are getting richer – in the last ten years alone, billionaires’ wealth has doubled.1 The richest 1% also emit as much planet-heating pollution as two-thirds of the Earth’s population.2 All while the rest of us are becoming worse off and the planet is burning. 

As global citizens concerned with spiralling inequality and climate breakdown, we call on you to tax the wealth of the ultra-rich now. A tax like this could raise hundreds of billions annually, enough to roll out renewable energy around the world at the scale and speed required, compensate countries for loss and damage and alleviate poverty.

By making the ultra-rich pay what they owe, we can turn climate promises into climate action and increase investment in other urgent issues like healthcare, public transport, and support for people living in poverty. 

A fair minimum tax on multi-millionaires and billionaires would lower costs and increase access to affordable renewable energy around the world, and reduce climate pollution to ensure a livable planet for the future. 

This kind of tax is not radical, and already a handful of countries have implemented a tax on excessive wealth. What defies all logic is continuing to let the people with the most amount of wealth on earth pay less income tax than the rest of us and exploit our shared resources while doing so.

Momentum is building around the world for more countries to tax wealth. 70% of people in G20 countries support this policy3 and some Ministers from the Brazilian, German, French, Spanish and South African governments have signed an open letter calling for a fairer tax system.4

It's time the ultra-rich pay what they owe. 

 


Sources:

1. Oxfam, 2023: “Survival of the Richest”

2. Oxfam, 2023: "Climate inequality: A planet for the 99%."

3. Environment Journal: Reasons to be cheerful: G20 tax reform support bolsters climate rethink

4. The Guardian: World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

Call on G20 leaders and Finance Ministers to back a global wealth tax on the ultra-rich

Hi !

We have your contact info saved from last time, just click the button below to continue.

Not ? Sign out

Millions of people are taking quick, simple actions for climate justice – be one of them. Can we send you emails about important campaigns, stories, and actions?

By taking this action, you are agreeing to our terms of service and privacy policy. You can unsubscribe at any time.