Addressing the climate crisis with a Robin Hood Tax

The president of Friends of the Earth U.S. advocates for a Robin Hood Tax to address the global climate crisis. The author contends that the trillions of dollars required for climate action cannot be met by current 'anemic' global funding efforts, which often repurpose existing aid for health and education or rely on private investors. The text highlights climate-driven disasters in Asia, Europe, Australia, Africa, the Maldives, and Alaska as evidence of the urgent need for a dedicated, non-privatized funding mechanism to ensure global justice and a livable planet.

• Climate change is causing severe regional impacts, including increased heat waves in Asia and Europe, wildfires in Australia, floods and droughts in Africa, and the sinking of island nations such as the Maldives.
• In the United States, climate change is causing coastal erosion and village loss in Alaska, with Newtok requiring $130 million to relocate its entire village.
• Addressing global warming pollution will require an estimated investment of hundreds of billions or even trillions of dollars.
• The global pledge of $100 billion for climate action is criticized for repurposing existing funds from development assistance, healthcare, and education rather than generating new revenue, and for relying on private investors.

APA

Pica, E. (2013). Addressing the climate crisis with a Robin Hood Tax. Friends of the Earth. https://foe.org/blog/address-climate-crisis-robin-hood-tax/

Chicago

Pica, Erich. Addressing the climate crisis with a Robin Hood Tax. Friends of the Earth, 2013. https://foe.org/blog/address-climate-crisis-robin-hood-tax/.

Wikipedia

{{cite press release |last1=Pica |first1=Erich |title=Addressing the climate crisis with a Robin Hood Tax |publisher=Friends of the Earth |date=4 November 2013 |url=https://foe.org/blog/address-climate-crisis-robin-hood-tax/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{pica2013addressing, author = {Pica, Erich}, title = {{Addressing the climate crisis with a Robin Hood Tax}}, publisher = {Friends of the Earth}, year = {2013}, month = nov, url = {https://foe.org/blog/address-climate-crisis-robin-hood-tax/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }