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Oxfam: richest 0.1% out-emit poorest 3.5 billion people
Original: ‘Setting the planet on fire’: Richest 0.1% emit more carbon than poorest 3.5 billion, Oxfam says
Charity Oxfam says the world's richest 0.1% emit more carbon than the poorest 3.5 billion people combined, accusing the ultra-wealthy of 'setting the planet on fire'. The findings renew criticism of extreme wealth inequality and its outsized role in the climate crisis, with campaigners calling for higher taxes on the super-rich to fund climate action.
Why now: The stark inequality in carbon emissions highlighted by Oxfam's new findings is fueling debate over taxing the super-rich.
Evidence
- ‘Setting the planet on fire’: Richest 0.1% emit more carbon than poorest 3.5 billion, Oxfam says · Fortune
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