Ilan Zugman is Latin America Director at 350.org, based in Brazil, and Fanny Petitbon is France Team Lead at 350.org.
When G20 finance ministers gather in Rio de Janeiro this week, Brazil and France have a chance to put these powerful countries on track to deliver a global wealth tax that could raise over $680 billion per year in the fight to tackle poverty and the climate crisis. Both countries have been vocal supporters of taxing the super-rich to fund international development and climate action.
In April, finance ministers Fernando Haddad (Brazil) and Bruno Le Maire (France) announced their intent to tax the wealth of billionaires by at least two percent annually, prompting ministers from Germany, South Africa and Spain to back the proposal. As the current host of the G20, Brazil commissioned an investigation into the feasibility of this global wealth tax – and the results were published by French economist Gabriel Zucman in June, generating further momentum in efforts to fill the funding gap for climate and development.
Zucman’s findings show that a global wealth tax on the super-rich – billionaires and people with assets worth more than $100 million – could be enforced successfully even if all countries did not adopt it. It is also a popular measure: more than two-thirds of people across seventeen G20 countries show support for making the super-rich pay higher taxes as a means of funding major improvements to our economy and lifestyles.
This isn’t surprising. Ensuring that billionaires are properly taxed could deliver significant, tangible benefits in people’s lives and go some way to addressing the systemic injustices and inequality reflected by the climate crisis and poverty.
The world needs a new global deal on climate and development finance
An ambitious global wealth tax, together with higher and permanent tax on oil corporations and extraction, would provide hundreds of billions of dollars/euros each year to properly fund scaling up renewable energy, rolling out heat pumps and insulation programmes to lower the cost of heating or cooling our homes, new public transport links, future-proof jobs and much more – helping communities to thrive.
It would also end more than a decade of broken promises by G20 states, ensuring that some of the world’s wealthiest countries have enough money in their national coffers to provide adequate finance to pay for those suffering the consequences of climate impacts now. Helping the poorest communities prepare for unnatural disasters like increased wildfires, flooding and sea level rise, and ensuring people can rebuild their homes, infrastructure and places of work when preventative measures are not an option.
Power to communities
A global wealth tax is a moral imperative. By implementing a fairer system of taxation, the G20 could accelerate a just transition to a low-carbon economy, cutting dangerous carbon emissions and boosting living standards and energy access at great scale, while also tackling deep-rooted injustice. Delivering finance for community-oriented renewable energy projects across Latin America, Africa, Asia and the Pacific would put power back in the hands of communities that continue to suffer from the violent legacy of colonialism and extractive profiteering.
For this to be achieved France, and other wealthy nations in the G20 like Germany and the UK, must be willing to make concessions and assume historical responsibility for exploiting fossil fuel extraction in the economically poorer countries whose citizens are experiencing the worst consequences of the climate crisis. The emerging French government must deliver concrete plans to redirect its fortune and tax its billionaires towards a renewable energy-powered planet.
Where East African oil pipeline meets sea, displaced farmers bemoan “bad deal” on compensation
It is incumbent on both Brazil and France to seize the opportunity presented by growing support to deliver a global wealth tax at the meeting of powerful finance ministers this week. Both countries must do everything they can to build trust and political will around the crucial proposal. But this will be a challenge if they undermine their stance on the international stage with contrasting domestic policy, something both governments are guilty of.
Brazil has been pushing for new oil projects, including in the Amazon and is gearing up to become the fourth-largest oil producer in the world. France, despite being fined by the European Commission, is still not on track to meet its domestic renewable energy targets and announced in February a two billion-euro cut to the budget allocated for environmental and energy transition programmes. It is high time for both countries to stop the smoke and mirrors approach to international diplomacy, by aligning their commitments at national and international levels.
Leaders’ summit
This week, ministers Haddad and Le Maire have a responsibility to rally their G20 counterparts around the wealth tax proposal and send a strong and unified signal to heads of state and governments to take concrete action that delivers a global wealth tax on billionaires when they meet in November.
The stakes are high. The vast scale of global inequality means that nearly one in eleven people around the world live below the poverty line according the World Bank. In addition, this is set to be yet another record-breaking year for climate impacts, in a critical decade to prevent global heating from tipping over the 1.5°C threshold – a limit beyond which the ability of impacted communities to survive and thrive will be put at intolerable risk. We need to see vast quantities of finance mobilised to scale up renewable energy at the speed needed, and billionaires and multi-millionaires need to be forced to pay up.
We’re all rooting for this one to work – it can take us a long way.
The post A global wealth tax is needed to help fund a just green transition appeared first on Climate Home News.
A global wealth tax is needed to help fund a just green transition
Climate Change
Millions of kilograms of marine life taken from Australia’s marine protected areas every year, FOI finds
SYDNEY, Tuesday 11 August 2026 — New data obtained by Greenpeace Australia Pacific has found millions of kilograms of marine life are being taken from Australian marine parks by commercial fishers annually, as the government begins its review of the country’s Marine Parks Network.
The data, released to Greenpeace in response to a Freedom of Information request, relates to 18 of Australia’s 60 Commonwealth marine parks, and shows almost 2.2 million kg of marine life is being fished each year, raising concerns about the true catch numbers across all marine protected areas.
Greenpeace is calling for the Labor government to use the once-in-a-decade Marine Parks Network review, announced last fortnight, to ban industrial activities, including bottom trawling, longlining and oil and gas mining, from Australia’s Marine Parks Network, and increase fully-protected ocean sanctuaries within the network.
Elle Lawless, Senior Campaigner at Greenpeace Australia Pacific, said:
“It’s chilling to think of the true scale of destruction happening inside all of Australia’s marine parks, and how much of our precious ocean wildlife, like dolphins, turtles or seabirds, could be pulled out of protected areas as bycatch.
“We’re talking about 6,600 kilograms of wildlife in one day, and that does not include what’s caught in the other 42 marine parks, many of which allow destructive fishing like longlining.
“Australia has made significant progress in securing 52% of its oceans in marine parks; however, this intent is undermined by zones that allow damaging industrial fishing activities, such as bottom trawling and longlining. The review of Australia’s Marine Parks Network is a critical opportunity to fix what isn’t working and finally give our oceans the real protection they deserve.
You wouldn’t expect someone to bulldoze a national park on land, so why should they be allowed to trawl in a marine park?”
“Greenpeace Australia Pacific welcomes the Albanese Government’s review of the Commonwealth Marine Parks Network as a rare opportunity to strengthen our marine parks and ban industrial fishing in Australia’s marine protected areas.”
The documents reveal that the south-west network has the largest catch volume, at 887,160kg per year, followed by the Coral Sea network, which extends out from the Great Barrier Reef, losing significant wildlife at 808,840kg annually.
—ENDS—
Notes:
- More than half of Australia’s Marine Parks Network allow extractive industries, including industrial fishing and oil and gas mining.
- The data, supplied by the Department of Agriculture, Fisheries and Forestry, does not specify how much of the catch is fish or bycatch, like non-target fish, turtles or seabirds, and is available on request.
- Read Greenpeace’s new report: Trawling the Bottom Line
Climate Change
Marine Parks Explained
Australia’s network of marine parks is the largest in the world, covering more than half (52%) of Australia’s Commonwealth waters. You could be forgiven for assuming that a marine park is much like a national park on land: a highly protected place where people can enjoy nature while conservation efforts help habitats recover and wildlife thrive. You wouldn’t expect someone to bulldoze a national park, so why should they be allowed to bottom trawl in a marine park?
The reality is that not all marine parks are equally protected. Australia’s Marine Parks Network is divided into different zoning categories, with each zone determining which activities are permitted and the level of protection provided.
More than half of the Commonwealth Marine Parks Network allows industrial activities like oil and gas mining, and industrial fishing.
Our survival, and the survival of our planet, depends on the ocean. The ocean produces more oxygen than all of our forests combined, sustains communities and regulates the earth’s temperature. It’s home to wondrous wildlife and important ecosystems like coral reefs and kelp forests.
We love our big blue backyard
Australia’s ocean is teeming with life that is found nowhere else on earth. Schools of colourful fish, vibrant coral reefs, endemic shark nurseries, pods of dolphins, families of whales, playful seal pups and threatened Jurassic-era turtles call Australian waters home.
Since time began, from the turquoise waves to the deep blue, the ocean has connected our shorelines and communities, fed us, guided us and grounded us. We are intrinsically connected to our big blue backyard – more than 85% of us live within 50km of the shoreline. For tens of thousands of years, people have lived in harmony with the ocean and the wildlife within it, caring for and being sustained by its rich waters. Australia’s waters are some of the most unique and abundant places on Earth but our Marine Parks Network is falling short to properly protect them.
Australia’s marine parks aren’t living up to their name

The Australian Commonwealth Marine Parks Network covers commonwealth waters 5.5km from the coast. The network is divided into 7 regional management areas, overall the network contains 60 marine parks. Zoning types determine what activities are allowed in each area. Over half of the network allows industrial activities, risking our most precious and threatened ocean wildlife.
Within many of our marine parks, destructive industries are allowed to fish, trawl, dig and mine using barbaric and cruel methods. Here are some of the zones explained:
- Bottom Trawling: Special Purpose (trawl) zones allow bottom trawling. This covers 10 marine parks totalling almost 13 million hectares. Bottom trawlers bulldoze the seafloor with weighted nets, deforesting our underwater forests; a cruel, indiscriminate and inefficient way to fish.
- Other Industrial Fishing: Includes “Habitat Protection Zones, ““Multi Use Zones” and “Special Purpose Zones.” Fishing methods vary from park to park but many marine parks in these zones allow industrial fishing like longlining. Longlining involves setting lines that can be 100km long, bristling with deadly hooks designed to catch a specific fish species. But longlining is not a selective method of fishing – significant numbers of sharks, rays, turtles, dolphins and seabirds can be harmed or killed as bycatch in the process.
- Oil and Gas Mining: Many “Special Purpose” and “Multi Use” zones allow seismic blasting and oil and gas mining. 30 marine parks or 65 million hectares of Australia’s highest conservation value areas for ocean wildlife are open for mining and exploration of oil and gas.
- Ocean Sanctuaries: National Park and Sanctuary zones are fully and highly protected marine parks designed to conserve wildlife and their habitat, where fishing, mining, and other industrial activities are not allowed.
Industrial fishing is one of the biggest threats to the ocean

In May, Greenpeace Australia Pacific sailed our campaigning vessel Oceania through some of Australia’s most beautiful and threatened marine parks. Our crew visited Jervis and Hunter marine parks to document their beauty, showcase what’s at risk and aim to expose the industrial fishing activities in these protected waters. Both of these marine parks allow bottom trawling and longlining methods of industrial fishing.
Industrial fishing is ripping the ocean apart across the planet. Longlining, also known as longline fishing, is an industrial fishing method that involves the use of a fishing line with thousands of baited hooks. These fishing lines can stretch over 100 kilometers in length and are set to capture a fish species, often tuna or billfish species. But it is not a selective method of fishing and often results in significant bycatch. This includes a range of non-target species like sharks, rays, sea turtles, marine mammals, and seabirds which are often injured or killed as bycatch.
Bottom trawling involves dragging heavy weighted nets along the ocean floor. This fishing method is popular with commercial fishing companies, because it makes it easy to catch large quantities of fish in one go. But it also damages the seafloor, releasing carbon and can kill or injure non-target ocean life like coral, fur seals, dolphins and seabirds. You may have watched the reality of bottom trawling (and the benefits of ocean sanctuaries) in Ocean with David Attenborough, if not, add it to your watch list!
Fully protected ocean sanctuaries that ban industrial fishing and mining can protect ocean wildlife and underwater wonderlands for generations to come. Vast, robust sanctuaries create blue havens where ocean wildlife are safe from nets and hooks, and can truly rest, recover, thrive and replenish out into the surrounding waters. Ocean sanctuaries ensure a healthy ocean full of life.
A once-in-a-decade chance to fix what’s falling short
We have a unique opportunity to turn the tide.
The Australian Government is asking for your feedback on how our Commonwealth Marine Parks Network is managed. This is our once-in-a-decade chance to protect ocean wildlife, ban industrial fishing and create more ocean sanctuaries.
As part of the review the Government is asking for submissions from the public to hear from you on what improvements are needed to better protect our vast network of marine parks. Writing a submission is a powerful way to influence government decisions and create real change.
This is the moment to ban industrial activities like bottom trawling and oil and gas mining. But only if they hear from YOU. Add your name!
Greenpeace is calling on the Australian government to:
1. Ban industrial activities from Australia’s Marine Parks Network: Ban industrial activities, such as industrial fishing, seismic blasting and oil and gas mining, from Australia’s marine parks.
2. Create more ocean sanctuaries: Increase fully protected sanctuaries in Australia’s marine parks based on science principles.
3. Connect Australia’s Marine Parks Network to the High Seas: mCreate seascape connectivity by linking Australian marine parks to new high seas ocean sanctuaries.
References
Substantiation that more than half of the Marine Parks Network permits industrial activity comes from a peer-reviewed systematic literature review (Phillips et al. 2025, PLOS One, https://doi.org/10.1371/journal.pone.0307324). The study found that within the Commonwealth Marine Parks Network specifically, “all zones are considered partially protected areas, meaning areas where extractive activities are permitted, except ‘Pink zones’ (Preservation Zones; IUCN Ia) and ‘Green Zones’ (IUCN II).” In other words, every Commonwealth marine park zone type other than the network’s strict no-take sanctuary and national park zones (IUCN Ia and II) permits some form of extractive industrial activity. Since no-take zones are the minority zone type across the network by area, this supports the conclusion that the majority of the network’s area is zoned to permit industrial activity.
DCCEEW Australian Marine Parks spatial dataset (https://fed.dcceew.gov.au/datasets/erin::australian-marine-parks/explore), filtered by zone type. This confirms that 38.43% of the network’s area is zoned as Sanctuary or National Park zones (IUCN Ia and II). These are the no-take categories excluded from the peer-reviewed study’s definition of partially protected/industrial-permitting zones. The remaining 61.57% of the network falls within the zone categories the study classifies as permitting industrial activity (per The MPA Guide definition of “industrial” applied in Phillips et al. 2025), directly corroborating the peer-reviewed finding with current Commonwealth-specific spatial data.
For further information on activities permitted within the Marine Parks Network Zoning, you can refer to the Management Plans zoning and rules for each Marine Parks Network area, for example: Temperate East, Coral Sea, North.
Climate Change
Report: Trawling the Bottom Line
A new report from Greenpeace Australia Pacific advocates for the closure of bottom trawling in Australia’s Commonwealth Marine Parks Network. Bottom trawling continues to be a pervasive threat to ocean life in Australia, with 10 marine parks totalling almost 13 million hectares, allowing bottom trawling.
Australia’s network of marine parks, which is the biggest in the world, covers more than half (52%) of Australia’s Commonwealth domestic waters, but not all parks are created equal. Australia’s Marine Parks Network is divided into different zoning categories, with each zone determining which activities are permitted and the level of protection provided. More than half of the Marine Parks Network allow industrial activities like industrial fishing and oil and gas mining. This includes zoning types that allow destructive fishing by longliners and bottom trawlers, who pillage underwater wonderlands, rip up coral and indiscriminately and violently catch any animal in their path, including turtles, seals and dolphins, all within areas labelled a marine park.
The Federal government has commenced a review into the majority of Australia’s Commonwealth Marine Parks Network management plans. This presents an opportunity to ban industrial activities from our marine parks and create more ocean sanctuaries.

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