July 1st 2025, Seville, Spain – The governments of Spain and Brazil have announced plans for a Platform for Action on Taxing the Super-Rich in a move that could see more funds made available to tackle the climate and development crises. The initiative was launched at the UN Financing for Development conference in Seville and has been welcomed by 350.org.

“This is a bold move by Spain and Brazil to drive forward taxing the super-rich as a key solution to the lack of funds being delivered by rich countries for climate action. We want more countries to join this coalition so that billionaires and multi-millionaires help to foot the bill for the climate damage they have caused and decrease the huge gap between the rich and the poorest. We won’t rest until governments like the UK, France, and Germany make the right choice to force the super-rich to pay what they owe and increase their spending on climate action and public services at home and around the world.” Kate Blagojevic, 350.org Associate Director for Europe Campaigns.

Notes to Editors:

Read 350’s latest blog post, Scarcity is a political choice: It’s time to tax the super-rich which outlines the connections between government spending cuts, extreme wealth taxation, and financing for climate and development.

Last year 350.org launched its Tax their Billions dossier and Tax their Billions campaign – calling for a global tax on extreme wealth to make the finances needed to tackle the climate and cost of living crises available.

Media Contact:

Rachel Brabbins: rachel.brabbins@350.org // +55 21 98299 8251