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Oxfam report 2023
November 27 , 2023
160 days
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- The Oxfam report titled, ‘Climate Equality: A Planet for the 99%’ is based on research with the Stockholm Environment Institute (SEI).
- The carbon emission of the world’s super-rich 1% is equivalent to two-thirds or five billion people of the global population.
- The carbon emissions by the richest of individuals, 77 million globally, surged to 16% of total CO2 emissions globally in 2019.
- The outsized emissions by the rich people are enough to cause 1.3 million deaths due to heat.
- 60% tax on the incomes of the richest 1% population would help in cutting emissions by more than the total emissions in the United Kingdom.
- Additionally, raising $6.4 trillion a year to pay for the transition away from fossil fuels to renewable sources of energy will contribute to this goal as well.
- It would take about 1,500 years for someone in the bottom 99 per cent to produce as much carbon as the richest billionaires do in a year.
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