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Richest 1% emit as a lot carbon-dioxide as poorest two-thirds of planet, Oxfam report claims | Local weather Information

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The world’s richest 1% emitted as a lot carbon-dioxide emissions because the poorest two-thirds of the planet’s inhabitants, a brand new report by Oxfam claims.

Carbon emission of the richest 1% soared to 16% of the world’s whole in 2019, which is identical quantity produced by the poorest 5 billion folks.

Chiara Liguori, senior local weather justice coverage adviser at Oxfam, mentioned the super-rich are “plundering the planet” whereas the poor pay the value.

“The massive scale of local weather inequality revealed within the report highlights how the 2 crises are inextricably linked – fuelling each other – and the pressing want to make sure the rising prices of local weather change fall on these most accountable and in a position to pay,” she mentioned.

Oxfam’s report, primarily based on analysis with the Stockholm Surroundings Institute (SEI), assessed the consumption emissions of various revenue teams.

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The examine’s findings spotlight the hole between the carbon footprints of the super-rich, whose existence and investments in fossil fuels are carbon-heavy, and the remainder of the world.

“The hole between the super-rich and the remainder of us is stark,” Ms Liguori mentioned.

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“It will take about 1,500 years for somebody within the backside 99% to provide as a lot carbon because the richest billionaires do in a yr. That is basically unfair.”

She added governments globally, together with the UK, must sort out inequality and local weather change by “focusing on the extreme emissions” of the super-rich by taxing them extra.

“This may elevate much-needed income that may very well be directed to a spread of important social spending wants, together with a good change to scrub, renewable power in addition to fulfilling our worldwide commitments to help communities who’re already bearing the brunt of the local weather disaster.”

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