One percent of the rich equals five billion people in carbon emissions: Oxfam

According to the report released on Monday by Oxfam, the global organization of charities, the carbon emissions of the world’s richest one percent are equal to five billion people or two-thirds of the world’s population.

‘In 2019, one percent of the 77 million people worldwide are responsible for 16 percent of global carbon emissions.’

This amount is more than the combined emissions from cars and road traffic worldwide. By 2030, higher temperatures are enough to cause 1.3 million additional deaths. This number of deaths is equal to the population of Dublin.

The review found that greenhouse gas emissions by the super-rich whose lifestyles are causing the global climate crisis and the poor and middle class, who are most affected by its effects, are There is a clear difference between

Kiara Laguori, Oxfam’s senior environmental justice policy adviser, says: ‘The super-rich are looting and polluting the planet to the point of destruction, and the people who are most affected by this are the environmental catastrophes. Can’t afford the consequences.’

Researchers say it would take 1,500 years for the bottom 99 percent to produce as much carbon as the richest billionaires produce in a year. “It’s a fundamentally unfair process,” Laguori added.

Key findings of the report

• Since the 1990s, the richest one percent have produced more than twice as much carbon as the bottom half of humanity.
• Carbon emissions of the richest one percent will be 22 times higher in 2030 than the level consistent with the Paris Agreement’s 1.5 degree Celsius target. By contrast, emissions from the poorest half of the world’s population would be one-fifth of the 1.5 degree Celsius equivalent level.
• Carbon emissions from one percent of people each year offset the carbon reduction benefits of nearly one million wind turbines.
• Seven times more people die in floods in countries with a large gap between rich and poor than in countries where people’s wealth levels are more equal.
• The richest 10 percent account for half (50 percent) of carbon emissions.

The report comes just two weeks ahead of the 28th UN Climate Summit (COP 28) in Dubai. At the summit, world leaders will discuss the impact of the climate crisis and set goals to address it.

Researchers involved in the review said they studied the resource use patterns, lifestyles and investments of different income groups.

Inequality and the environmental crisis are ‘inextricably linked’ and ‘exacerbating each other,’ the authors say.

In situations where rich people are better able to cope with or cope with the impacts of a changing climate, poor people, vulnerable groups such as women and indigenous peoples and low-income countries that have the least exposure to climate change. character, they are faced with the worst consequences and are unable to cope with them.

According to Laguori: ‘Climate change is a burden that is not shared equally.’

‘As elsewhere, the climate crisis is exacerbating existing inequalities in the UK and will continue to do so unless the government accelerates progress towards a future free of conventional fuels. It should be ensured that the biggest polluters and the wealthiest bear the costs.’

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He called on the British government to tackle the twin crises of inequality and climate change by ‘taxing the very rich more to prevent more carbon emissions.’

He further said that this will increase the income which is much needed. This revenue can be focused on a number of important social spending needs, including a just transition to clean and renewable energy, as well as meeting our international commitments to support communities already affected by the climate crisis. are suffering.’

Earlier, an Oxfam study said that if the British government had imposed ‘reasonable taxes’ on the country’s biggest polluters – oil companies and the ultra-rich – they would have collected up to £23 billion in 2022 alone. could

Oxfam has also estimated that a global tax of 60% on the income of the richest one per cent would reduce carbon emissions by more than the UK as a whole and save 5.2 per year for the transition from conventional fuels to renewable energy. A trillion pounds ($6.4 trillion) will be raised.


#percent #rich #equals #billion #people #carbon #emissions #Oxfam
2024-09-29 06:48:12

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