COP30 in Belém : Greenpeace applauds growing momentum for fossil fuel profit taxation
As world leaders gather in Belém for COP30 on 15 novembre 2025, Greenpeace is welcoming a decisive turn in global climate politics: increasing support for taxing the massive profits of oil and gas corporations to finance climate action. The Global Solidarity Levies Task Force (GSLTF) has released new COP30 recommendations urging governments to adopt national and international fossil fuel profit taxes and expand innovative solidarity levies.
In its progress report, The Untapped Potential of Solidarity Levies, the GSLTF highlights the critical role of taxing high-emitting industries and elite consumers to close the climate finance gap. The Task Force specifically calls for more countries especially in the Global Northto join the Premium Flyers Solidarity Coalition, a growing movement advocating taxes on premium-class travelers and private jet users, whose disproportionate emissions contribute significantly to global warming.
Rebecca Newsom, Global Political Expert at Greenpeace International, stressed the urgency of bold fiscal measures:
“Governments urgently need to make polluting oil and gas corporations pay their fair share. This industry has its fingerprints all over the devastating floods, storms and hurricanes hitting communities around the world. The GSLTF is right to recognise the huge opportunity of the UN Tax Convention to agree a new polluter tax on global profits of oil and gas companies.”
Newsom explained that combining national, regional and global profit taxes could generate billions of dollars each year, particularly for vulnerable countries suffering the worst climate impacts. This directly challenges the recurring claim that sufficient funding does not exist to fulfill climate finance obligations at COP30.
The GSLTF, a coalition of more than 14 countries committed to taxing polluters to finance international climate action, is pushing for these measures to be anchored within the UN Tax Convention (UNTC). The third round of negotiations is taking place concurrently in Nairobi, with the process set to continue through 2027. According to the Task Force, global coordination on fossil fuel profit taxation would ensure predictable, sustainable financing for climate mitigation, adaptation and loss-and-damage support.
The GSLTF also announced that the Premium Flyers Solidarity Coalition, launched earlier this year, has expanded to 13 member countries, with Brazil, Djibouti, Fiji, Nigeria, South Sudan and Vanuatu recently joining. Newsom emphasized that elite travelers must also be held accountable for their carbon-heavy lifestyles.
Global support for climate damages taxes is rising sharply. Surveys show overwhelming public backing for taxing fossil fuel corporations and directing revenues to affected communities. Greenpeace is urging all governments at COP30 to seize this momentum and adopt strong, enforceable measures without delay.
