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Story perspectives

Wealth Tax on Jets Proposed to Fund Climate Aid

11/19/2025

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Story summary
  • A coalition is considering a wealth tax on private jets and premium seats to fund climate adaptation.
  • Spanish diplomat Maria del Mar Fernández-Palacios said those who pollute more should contribute more.
  • Spain and France are the only industrialized nations supporting this initiative.
  • Several African countries could benefit from the funds.
  • The International Air Transport Association criticized the proposed tax.