CLIMATE
Climate crisis aggravated by richest 1% of humanity
November 28, 2023 - The richest one percent of the global population are responsible for more carbon emissions than the poorest 66%, according to an analysis by Oxfam.
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“Climate Equality: A Planet for the 99%”, was based on research compiled by the Stockholm Environment Institute (SEI) and it examined the consumption emissions associated with different income groups up to the year 2019.
It was published as world leaders prepare to meet for climate talks at the COP28 summit in Dubai later this month. Fears are growing that limiting long-term warming to 1.5 degrees Celsius could soon be impossible to achieve.
Among the key findings of this study are that the richest one percent globally – 77 million people – were responsible for 16 percent of global emissions related to their consumption.
That is the same share as the bottom 66 percent of the global population by income, or 5.11 billion people.