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11. 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

12. Neither Enough, Nor Adequate: A participatory assessment of the barriers to local access for climate finance in the Sahel

Author:
Norman Martin Casas, Ali Compaoré, and Ximena Michemberg
Publication Date:
11-2024
Content Type:
Policy Brief
Institution:
Oxfam Publishing
Abstract:
Access to climate finance is a prominent feature of the debate for the upcoming COP29 decision to set a New Collective Quantified Goal on Climate Finance. Countries, communities and groups representing marginalised collectives who are most impacted by the climate crisis are in urgent need of scaled-up, accessible and adequate climate finance. Findings from participatory research conducted with more than 100 organisations in the Sahel show that there are still numerous challenges to address in terms of how climate finance mechanisms are designed, how capacities need to be supported, how decision-making spaces affecting climate finance need to be more inclusive, and how gender, intersectional and geographical fragility factors shape unequal access to climate finance. In order to effectively bridge the climate finance access gap, rich countries need to make an urgent commitment to undertake concrete and bold actions to address climate finance access barriers for local actors in climate-vulnerable contexts.
Topic:
Climate Finance, Marginalization, Fragility, and Conference of the Parties (COP)
Political Geography:
North Africa and Sahel