https://www.taxtmi.com/news?id=60070 The report finds that a small group of Global North countries substantially increased oil and gas extraction since the Paris Agreement, while many Global South producers stabilized or reduced output, thereby consuming remaining carbon budgets. It highlights a gap between multilateral pledges and domestic approvals of new fossil projects, identifies a significant climate finance shortfall relative to corporate fossil profits, and calls for an immediate moratorium on new licensing, domestic phase-out plans aligned with 1.5 C, polluter-funded decommissioning, large-scale grant finance, and systemic financial reforms including debt relief and redistributive taxation. en-us Wed, 29 Oct 2025 16:31:03 +0530 Wed, 29 Oct 2025 16:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=60070 The report finds that a small group of Global North countries substantially increased oil and gas extraction since the Paris Agreement, while many Global South producers stabilized or reduced output, thereby consuming remaining carbon budgets. It highlights a gap between multilateral pledges and domestic approvals of new fossil projects, identifies a significant climate finance shortfall relative to corporate fossil profits, and calls for an immediate moratorium on new licensing, domestic phase-out plans aligned with 1.5 C, polluter-funded decommissioning, large-scale grant finance, and systemic financial reforms including debt relief and redistributive taxation. News - Wed, 29 Oct 2025 16:31:03 +0530 https://www.taxtmi.com/news?id=60070