A U.N. climate finance group is studying funding sources to support countries vulnerable to climate change, including a financial institution tax, it said at talks in Bonn on Thursday.From The Ojay's (I couldn't get that first line out of my head):
Nicholas Stern, professor at the London School of Economics, said the group was analyzing both public and private sources of funding, including fund flows from financial institutions, revenues from carbon taxes, carbon permit auctions and financial transaction taxes.
The group, which is made up of heads of governments, economists and finance ministers, will present its final report on potential sources of revenue for financing mitigation and adaptation activities in developing countries in November at a U.N. climate meeting in Cancun, Mexico....MORE
Thursday, August 5, 2010
"U.N. climate finance group mulls tax on banks"