Kenya leads global push to raise Sh322tr from climate taxes

While local pump prices have come down in recent months, they are still high when compared to a year ago.

The International Tax Task Force, which is led and co-chaired by Kenya, Barbados and France, is targeting to raise $2.4 trillion (Sh322 trillion at the current exchange rate) annually in new climate levies, private air travel, financial transactions, maritime fuel, carbon damages, fossil fuel profits and reinvesting fossil fuel subsidies in efforts to avert the negative effects of climate change.