Piketty Lab’s Climate Tax Plan

ParisPiketty’s lab proposes a wealth-to-climate transfer fund.

The World Inequality Lab plan targets 10.3% of global GDP invested annually through 2060, funded by transferring portfolio assets from the top 1%.

No state has agreed to enforce a global wealth tax; current policies, the lab says, point to 4.5°C.

Sources: Daily Maverick