Matt is an environment correspondent.
The UN Secretary General wants fossil fuel companies to pay taxes on their windfall profits.
The UN Secretary-General told the General Assembly that pollution should pay for the effects of climate change.
There is a question of who funds these losses.
The rich should pay for their carbon emissions.
The richer nations don't want to be called for compensation.
The upcoming COP 27 summit in Egypt is likely to feature arguments over this question.
There are many important issues on the agenda of the UN General Assembly this week.
A global winter of discontent is on the way due to the war in Ukraine and food and energy shortages.
The Secretary General believes that climate change is the most important issue of our time. The case study is about moral and economic justice.
The need for the rich world to address the needs of the poor is being doubled down by Mr. Guterres after seeing the devastating flooding in Pakistan.
He believes that someone is responsible for the world'sclimate emergency.
He told the Assembly that the fossil fuel industry was getting hundreds of billions of dollars in subsidies and windfall profits.
All developed economies should tax windfall profits of fossil fuel companies. To countries suffering loss and damage caused by the climate crisis, and to people struggling with rising food and energy prices, those funds should be re- directed.
For more than a decade, the question of who pays for the impact of climate change that poorer countries can't adapt to has been a bone of contention between rich and poor.
The rich nations don't like the idea of paying compensation for their carbon dioxide emissions.
The Secretary General isn't talking about a funding facility, according to the team. They think the money could be used to help struggling nations.
The issue of loss and damage funding is important to the survival of small island and developing states.
Some of the world's poorer countries have prepared a discussion document for this week's gathering in New York that looks to a "climate-related and justice-based" global tax as a means of raising finance.
The options include a carbon tax, a tax on airline travel and a tax on heavy oils used in shipping.
The long-running battle over loss and damage is unlikely to be solved by these proposals.
The UN Secretary General will support the push for faster progress on finance for loss and damage.
There was no agreement on how to pay for a new framework for this issue at the 26th Conference of the Parties.
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