September 22, 2020
The richest one per cent of people in the world are disproportionately to blame for climate change, a study has found.
Researchers assessed the relationship between carbon emissions and individual income and found the top one per cent emits 5.4 gigatonnes of CO2 a year.
In contrast, the poorest half of the world — 3.1 billion people — emits just 2.5 gigatonnes, less than half that of the world’s uber-wealthy.
Researchers say the posh penchant for private planes, jet-setting lifestyles and gas guzzling vehicles is driving inequality in carbon emissions, with the poorest likely to pay the heaviest price despite barely contributing to the ongoing climate crisis.
Despite a sharp decrease in carbon emissions due to the pandemic, the world remains on pace to warm several degrees this century.
The impact of this will be catastrophic and threaten poor and developing nations with the full gamut of natural disasters and displacements.
An analysis led by Oxfam and the Stockholm Environment Institute analysed how emissions ballooned between 1990 and 2015.
It found that, on average, a person that is fortunate enough to earn enough money to be in the world’s top one per cent creates 74 tonnes of CO2 emissions a year, on average.
However, each person from the poorest 50 per cent of the world creates an average of just 0.69 tonnes a year.
For the top 0.1 per cent, the billionaires of the world, this per capita figure soars to 216.7 tonnes of CO2 each, per year.
This article was posted: Tuesday, September 22, 2020 at 2:25 am