The UN urges governments to tax "immoral" benefits of energy

The UN urges governments to tax "immoral" benefits of energy

The UN Secretary General, António Guterres, considered this Wednesday that it is “immoral” that oil and gas companies are registering record profits in the midst of the current energy crisis and he urged all governments to tax their “excess profits”.

This grotesque greed is punishing the poorest and most vulnerable people while destroying our only home,” Guterres told a news conference.

The head of the United Nations called on governments around the world to impose more taxes on these “excess profits” and use the proceeds to “support the most vulnerable people in these difficult times.”

The request is in line with the rate announced by the Spanish Executive. The coalition government registered in Congress the bill to create a tax “special and extraordinary” for energy companies with a business of more than 1,000 million euros. It will only affect the Spanish part of the groups, and they will have a tax of 1.2%.

Guterres recalled that the combined earnings of the largest energy companies globally They came closer in the first quarter of this year to 100,000 million dollars and that the business in this sector has a “massive cost” in environmental effects.

[Así es el nuevo impuesto que grava el negocio de la banca y las energéticas]

Guterres expressed himself in this way during the presentation of a third report prepared by UN experts on the global impact of the war in Ukraine and which, on this occasion, focuses mainly on the field of energy.

The document, according to Ephstresses that the world is in the midst of a “great energy crisis”, with countries across the globe affected by high and volatile fuel prices and a particularly severe impact on developing nations and the most vulnerable families.

“Great energy crisis”

Despite a recent stabilization in wholesale markets, the UN points out that this change has not translated into lower inflation for most consumers.

In addition to short-term measures such as energy saving plans, the organization again claimed a much more determined commitment to renewable energieswhich, according to Guterres, “in most cases are cheaper than fossil fuels.”

[Crisis energética en Europa: repitiendo errores del pasado]

“Governments must expand and diversify the supply chains of raw materials and renewable energy technologies,” the Portuguese asked.

“They should cut red tape to energy transition (measures) and shift fossil fuel subsidies to support vulnerable households and boost investments in renewable energy,” he added.

Facing this energy transition, Guterres called for more public and private investment and urged the shareholders of development banks to take more risks and help countries move forward.

In this regard, he stressed that developing countries have every reason to invest in renewables, but lack the resourceswhile the richer nations push them to make this transition but do not give them enough technical and financial support.

“And some of those same developed countries are introducing universal subsidies at gas stations, while others are reopening coal plants. It’s hard to justify such steps even on a temporary basis,” Guterres said.

Source: Elespanol

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