October 20, 2020

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“The richest 1 percent emits twice as much CO2 as the poorest part of the world.”

"The richest 1 percent emits twice as much CO2 as the poorest part of the world."

The CO2 emissions of the richest 1 percent of the world are more than twice as high as those of the poorest half of the world’s population. This emerges from a report by the development organization Oxfam Novib.

By doing research The CO2 emissions of various income groups worldwide between 1990 and 2015 were examined. The richest 1 percent, about 63 million people, was responsible for 15 percent of carbon dioxide emissions during that period. The poorest half of humanity, more than 3 billion people, cause only 7 percent of CO2 emissions.

Transport, in particular, contributes to the high CO2 emissions of the rich, especially flying.

“Decades of government policies aimed at unending economic growth have brought us to the brink of climate catastrophe,” said Berfam Zagema, climate expert at Oxfam Novib. “It is mostly the poorest in developing countries who pay the price.”

“Tough requirements for corona support packages”

Oxfam Novib says that the biggest polluters have the biggest responsibility to address the problem. For example, governments must have strict requirements for corona support packages for businesses, including reducing carbon emissions, Zagema says.

The revenue from taxes on CO2 must be invested in low-carbon sectors such as healthcare, public transport and renewable energy, according to Oxfam Novib. This creates jobs, reduces emissions and combats poverty and economic inequality, according to the development organization.