More than 60 organisations from around the world are calling for a carbon levy on fossil fuel extraction to help pay for the climate change impacts on the most vulnerable countries.
The Carbon Levy Project declaration argues that fossil fuel companies are causing approximately 70 per cent of the climate change experienced today.
As a result, these companies should have to help mobilise funds to provide compensation for the damage, it says. This would be done through a tax on extraction (as opposed to emissions) the declaration explains.