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Kouchner says a very small tax — 0.005 percent on financial transactions — would help developing countries fight poverty, promote education and health, and meet the costs of combatting climate change. Such a tax on all financial movements would be “impossible to feel,” he says, explaining that it produces just 5 cents “on a movement of [...] COP15 stands for the Fifteenth Session of the Conference of the Parties to the Climate Change Convention, and is held concurrently with the Fifth Session of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol. The convention will take place in Copenhagen, Denmark between December 7th and December 18th, [...] |
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