The Oxfam report Carbon Inequality Kills reveals that the world’s 50 richest billionaires emit more carbon dioxide in 90 minutes than the average person does in their entire life. This inequality in emissions feeds global inequalities and contributes to climate injustice. The report highlights the role of private jets, luxury yachts, and investments in polluting industries in exacerbating this issue.
Oxfam director Amitabh Behar emphasizes that the super-rich treat the planet as their playground and their investments are a direct threat to people and the planet. The report also highlights the impact of climate injustice on the world’s poorest countries, with carbon dioxide emissions reducing their GDP and contributing to food production declines.
To address this issue, Oxfam and other organizations are encouraging COP29 participants to introduce strict carbon and wealth taxes for the richest individuals and limit investments in polluting industries.
