Greenpeace Proposes Wealth Tax on Super-Rich to Fund Climate Action

The environmental group suggests a 2% tax on fortunes over €100 million, aiming to raise €200 billion for climate initiatives by 2030.

Greenpeace's proposed tax targets approximately 4,700 ultra-wealthy individuals in Germany with assets exceeding €100 million.
The plan includes a 2% annual tax on qualifying wealth and an additional 0.5% surcharge for assets not aligned with climate goals.
Projected revenues could reach €25 billion annually, totaling €200 billion by 2030, to fund public transit, energy-efficient renovations, and climate adaptation projects.
The initiative highlights the disproportionate carbon footprints of the wealthiest, with the top 10% emitting nearly double the CO2 of lower-income groups.
The proposal draws inspiration from economist Gabriel Zucman's ideas and has seen mixed political reception globally, with support in Europe but resistance in the U.S.