The richest 1% of humanity is responsible for more carbon emissions than
the poorest 66%, with dire consequences for vulnerable communities and global efforts to tackle the climate emergency, a report says.
The most comprehensive study of global climate inequality ever
undertaken shows that this elite group, made up of 77 million people including billionaires, millionaires and those paid more than US$140,000 (£112,500) a year, accounted for 16% of all CO2 emissions in 2019 – enough to cause more than a million excess deaths due to heat, according
to the report.
The Oxfam report shows that while the wealthiest 1% tend to live climate-insulated, air-conditioned lives, their emissions – 5.9bn tonnes of CO2 in 2019 – are responsible for immense suffering.
“The super-rich are plundering and polluting the planet to the point of destruction and it is those who can least afford it who are paying the highest price,” said Chiara Liguori, Oxfam’s senior climate justice policy adviser. The twin crises of climate and inequality were “fuelling one another”, she said.
In the US, for example, one in four members of Congress reportedly own stocks in fossil fuel companies, worth a total of between $33m and $93m.
The report says this helps to explain why global emissions continue to
rise, and why governments in the global north provided $1.8tn to
subsidise the fossil fuel industry in 2020, contrary to their
international pledges to phase out carbon emissions.
Oxfam International’s interim executive director, Amitabh Behar, said: “Not taxing wealth allows the richest to rob from us, ruin our planet
and renege on democracy. Taxing extreme wealth transforms our chances to tackle both inequality and the climate crisis. These are trillions of dollars at stake to invest in dynamic 21st-century green governments,
but also to re-inject into our democracies.”
https://www.theguardian.com/environment/2023/nov/20/richest-1-account-for-more-carbon-emissions-than-poorest-66-report-says
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