America's wealthiest 0.1 percent generate carbon emissions 4,000 times faster than the planet's poorest tenth, research shared with The Guardian shows. Oxfam and the Stockholm Environment Institute found that these billionaires and multimillionaires consume climate safety margins 183 times faster than the worldwide average, ahead of the COP30 summit.
The richest Americans release 2.2 tonnes of carbon dioxide daily per person, equivalent to the weight of a rhinoceros. Somali citizens produce just 82 grams each day, equivalent to the mass of one tomato. Global daily emissions average 12 kilograms per person.
An analysis of 308 billionaires revealed that their combined pollution would rank as the 15th largest national emitter. Nearly 60 percent of billionaire portfolios support high-impact climate sectors, such as mining and petroleum, exceeding typical investor rates by 11 percentage points.
The richest 1 percent's emissions could trigger 1.3 million heat-related deaths by 2100 and inflict $ 44 trillion in economic losses on poorer nations by 2050, Oxfam calculated. Governments must tax extreme wealth and restrict lobbying to reduce the influence of the super-rich on climate change, the organization stated.
The richest Americans release 2.2 tonnes of carbon dioxide daily per person, equivalent to the weight of a rhinoceros. Somali citizens produce just 82 grams each day, equivalent to the mass of one tomato. Global daily emissions average 12 kilograms per person.
An analysis of 308 billionaires revealed that their combined pollution would rank as the 15th largest national emitter. Nearly 60 percent of billionaire portfolios support high-impact climate sectors, such as mining and petroleum, exceeding typical investor rates by 11 percentage points.
The richest 1 percent's emissions could trigger 1.3 million heat-related deaths by 2100 and inflict $ 44 trillion in economic losses on poorer nations by 2050, Oxfam calculated. Governments must tax extreme wealth and restrict lobbying to reduce the influence of the super-rich on climate change, the organization stated.
