1. Carbon Inequality Kills: Why curbing the excessive emissions of an elite few can create a sustainable planet for all
- Author:
- Mira Alestig, Dabi Nafkote, Abha Jeurkar, Alex Maitland, Max Lawson, Daniel Horen Greenford, Corey Lesk, and Ashfaq Khalfan
- Publication Date:
- 10-2024
- Content Type:
- Policy Brief
- Institution:
- Oxfam Publishing
- Abstract:
- The only way to beat climate breakdown and deliver social justice is to radically reduce inequality. This briefing paper reveals the catastrophic climate impacts of the richest individuals in the world, and proposes taking urgent action to protect people and the planet. What little carbon dioxide we can still safely emit is being burned indiscriminately by the super-rich. We share new evidence of how the yachts, jets and polluting investments of the 50 richest billionaires are accelerating the climate crisis. Oxfam’s research shows that the emissions of the world’s super-rich 1% are causing economic losses of trillions of dollars; contributing to huge crop losses; and leading to millions of excess deaths. As global temperatures continue to rise, risking the lives and livelihoods of people living in poverty and precarity, we must act now to curb the emissions of the super-rich and make rich polluters pay.
- Topic:
- Climate Finance, Investment, Loss and Damage (L&D), Conference of the Parties (COP), and Billionaires
- Political Geography:
- Global Focus