Brief by Shorts91 Newsdesk / 05:10pm on 20 Nov 2023,Monday Weather & Environment
A groundbreaking Oxfam report reveals that the wealthiest 1% of the global population, comprising billionaires, millionaires, and those earning over $140,000 annually, are responsible for a staggering 16% of CO2 emissions—more than the poorest 66%. The emissions, equivalent to 5.9 billion tonnes of CO2 in 2019, could lead to over a million heat-related deaths. The report highlights the disproportionate impact on vulnerable communities, urging for hefty wealth taxes on the super-rich and windfall taxes on fossil fuel companies. Oxfam emphasizes the urgent need for climate justice, coinciding with the upcoming UN Cop28 climate summit.
