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The potential of wealth taxation to address the triple climate inequality crisis

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The triple climate inequality crisis, or disparities in contributions, impacts and capacity to act within and between countries, is a central issue in addressing climate change. This Comment advocates for progressive wealth taxation as a viable solution to the finance gap.

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Fig. 1: The triple climate inequality crisis.
Fig. 2: Potential revenues from progressive taxation of global centimillionaires versus current adaptation funding flows and needs.

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Acknowledgements

We acknowledge the use of large language models for stylistic enhancements in the text.

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Authors and Affiliations

  1. Harvard Kennedy School, Harvard University, Cambridge, MA, USA

    Lucas Chancel

  2. CRIS, Sciences Po, Paris, France

    Lucas Chancel

  3. World Inequality Lab, Paris School of Economics, Paris, France

    Lucas Chancel & Philipp Bothe

  4. CIRAD, Paris, France

    Tancrède Voituriez

  5. Institute for Sustainable Development and International Relations (IDDRI-Sciences Po), Paris, France

    Tancrède Voituriez

Authors
  1. Lucas Chancel
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  2. Philipp Bothe
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  3. Tancrède Voituriez
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Corresponding author

Correspondence to Lucas Chancel.

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The authors declare no competing interests.

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Chancel, L., Bothe, P. & Voituriez, T. The potential of wealth taxation to address the triple climate inequality crisis. Nat. Clim. Chang. 14, 5–7 (2024). https://doi.org/10.1038/s41558-023-01891-2

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