• Wed. Nov 29th, 2023

News Eyeo

All Important News

The top 1% of wealthy individuals produce more pollution than 66% of the less affluent population.


Nov 21, 2023

According to a report by Oxfam the richest 1 percent of humanity is responsible for more carbon emissions than 66 percent poorer with disastrous consequences for vulnerable communities and global efforts to address the climate emergency. The study shows that this elite group, made up of 77 million people including billionaires, millionaires and people paid more than $140,000 a year, accounted for 16 percent of all CO2 emissions worldwide in 2019 – enough to cause more than a million additional heat-related deaths, according to the report.

The Oxfam report shows that while the richest 1 percent tend to live climate-insulated, air-conditioned lives, their emissions – 5.9 billion tonnes of CO2 in 2019 – are responsible for immense suffering . Calculating a “mortality cost” Of 226 dead in excess worldwide for every million tons of carbon, the report calculates that emissions of just 1 percent would be enough to cause the related deaths of 1.3 million people over the next few decades. Over the period from 1990 to 2019, the accumulated emissions of 1 percent were equivalent to wiping out last year’s crops of European corn, US wheat, Bangladesh e Chinese soybean.

The research shows which suffering falls disproportionately on people living in poverty, marginalized ethnic communities, migrants and women and girls, who live and work outside or in homes vulnerable to extreme weather conditions. These groups are less likely to have savings, insurance or social protection, putting them at greater risk, both economically and physically, from floods, droughts, heat waves and forest fires.

The UN states that countries developing they account for 91 percent of deaths related to extreme weather. The report finds that it would take about 1,500 years for someone in the bottom 99 percent of the population to produce as much carbon as the richest billionaires produce in a year.

By Editor

Leave a Reply