
Longread: The COP29 outcome shows that securing climate finance requires serious reforms in global debt and taxation governance. It also highlights the need to reframe the core demands of grant-based climate finance, debt cancellation, and progressive taxation, as key components of climate justice. The UN tax convention offers a promising start in this process.

Surging corporate tax revenue largely due to multinational profit shifting, together with new research on loopholes in national tax jurisdictions, highlight Ireland’s growing role in enabling corporate tax abuse.

A global wealth tax is urgently needed, not merely in order to raise the necessary funds to invest in renewable energy infrastructure and build climate resilience, but to address the crisis of extreme inequality that fuels climate change.