Article Image

IPFS News Link • Environment

Tiny Fraction Of Global Elites Emit As Much Carbon As Bottom Two-Thirds Of Humanity

• https://www.zerohedge.com, by Tom Ozimek

It turns out that the world's richest 1 percent emit about the same amount of carbon as the world's poorest two-thirds, according to an analysis from the nonprofit Oxfam International.

This means that a small sliver of global elites, or 77 million people, have produced as much carbon as the 5 billion people that make up the bottom 66 percent by wealth, per the study.

The study also estimates that it would take roughly 1,500 years for someone in the bottom 99 percent to produce as much carbon as the wealthiest billionaires do in just one year.

The study was based on research compiled by the Stockholm Environment Institute (SEI) and examined the emissions of various income groups up to 2019. In summary, it suggested that the private jet-setting class of global leaders and policymakers, who take private planes to lead summits addressing the assumed dangers of climate change, may warrant charges of hypocrisy.

The analysis was published as global leaders prepare to meet for climate talks at the COP28 summit in Dubai later in November, where, much like other climate conferences, some elite participants will likely pontificate on the need for ordinary folk to end their reliance on cheap fossil fuel energy to make their ends meet.

'Ludicrous Hypocrisy'

Global leaders and policymakers fixated on fighting the supposed ills of carbon emissions because of models predicting dangerous climate change have often drawn criticism for their use of carbon-spewing private jets.


Home Grown Food