Progressive wealth taxes and carbon-intensive investment regulations could effectively limit the wealthy's outsized contribution to climate change, reduce global warming, and provide crucial funding for climate adaptation in vulnerable regions. Making wealthy polluters pay is not just about fairness — it's about leveraging one of the most powerful tools available to prevent catastrophic climate impacts.
Implementing targeted climate policies on specific income groups could unfairly burden successful individuals and businesses that drive economic growth and innovation. Broad-based market solutions and technological advancement, rather than punitive measures against the wealthy, are the most effective approaches to addressing climate change and maintaining economic prosperity.