The wealthiest 1% of the world's population is responsible for emitting more than twice as much carbon dioxide as the poorest 50% of humanity, according to new research published Monday by Oxfam International.
The study (pdf), which was conducted in partnership with the Stockholm Environmental Institute, analyzed data collected in the years 1990 to 2015, a period during which emissions doubled worldwide. It found that the world's richest 63 million people were responsible for 15% of global CO2 emissions, while the poorest half of the world's people emitted just 7%.
LATEST: The carbon emissions of the richest 1% of the world are more than *double* the emissions of the poorest half of humanity.
Over-consumption of the elites is fueling #ClimateCrisis yet it's poor communities & young people who pay the price.
— Oxfam International (@Oxfam) September 21, 2020
The researchers reported that air and automobile travel were two of the main emission sources among the world's wealthiest people. The study revealed that during the 15-year period, the richest 10% blew out one-third of the world's remaining "carbon budget"—the amount of carbon dioxide that can be added to the atmosphere without causing global temperatures to rise above 1.5°C—as set under the Paris Agreement. It also found that annual emissions grew by 60% between 1990 and 2015, with the richest 5% responsible for 37% of this growth.
According to the study, "the per capita footprint of the richest 10% is more than 10 times the 1.5°C-consistent target for 2030, and more than 30 times higher than the poorest 50%."
SCROLL TO CONTINUE WITH CONTENT
We must raise $75,000 during our Winter Campaign. Can you help?
The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good.
The researchers noted a sharp drop in CO2 emissions during the coronavirus pandemic. However, they said that "emissions are likely to rapidly rebound as governments ease Covid-related lockdowns."
This is me at the age of 2 in 2005.
Since then about one third of ALL our fossil fuel CO2 emissions have occurred.
Over half of our CO2 emissions have taken place since 1990.
— Greta Thunberg (@GretaThunberg) September 20, 2020
In 2020, climate change has fueled deadly cyclones in India and Bangladesh, massive locust swarms that have devastated crops throughout Africa, and intense heatwaves and wildfires in Australia and western North America, among many other events.
Oxfam is calling for more taxes on high-carbon luxuries, including a frequent-flier tax, in order to invest in lower-emission alternatives and improve the lives of the world's poorest people, who are the least responsible for—but most affected by—the disasters and harm unleashed by global CO2 emissions.
"The over-consumption of a wealthy minority is fueling the climate crisis, yet it is poor communities and young people who are paying the price," wrote study author Tim Gore, Oxfam's head of climate policy. "Such extreme carbon inequality is a direct consequence of our governments decades-long pursuit of grossly unequal and carbon intensive economic growth."