Financing adaptation through a levy on international transport services

Abstract

A modest, harmonized international levy imposed on air transport and marine freight services could make a significant contribution to meeting these needs without damaging the competitiveness of any country, region, or economic sector. If the funds raised from such levies are combined with a global commitment to fulfill pledges made at Copenhagen, in 2009, through a balanced portfolio of public and private sector programs, the impacts of climate change on poor and vulnerable people, especially those in the least developed countries, could be addressed effectively and efficiently.