Activist Willem Branten: We Can Raise $168 Billion by Taxing Only Meat, Number Is Much Higher if We Include Other Proteins
Nov 12, 2024 8:20 AM
By Grabien Staff
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EXCERPT:
BRANTEN: “162 countries are committed to change and the transition is urged by FAO and World Bank. We can use this urge and this action to gain finance which is now in short amount -- or short supply, I should say. Financing COP29 are very important. The new collective quantified goals to be decided this year, which should be above 1 trillion USD and the operationalization of the loss and damage fund is also on schedule, which needs 400 billion USD per year. The potential revenue of emission pricing is what a simple calculation calculated as 168 billion USD per year. And even though this does not account for the price elasticity of demand, it is only a tax on meat, not other animal proteins, so the actual number is probably much higher."