The only way to beat climate breakdown and deliver social justice is to radically reduce inequality. This report reveals the catastrophic climate impacts of the richest individuals in the world, and proposes taking urgent action to protect people and the planet.
What little carbon dioxide we can still safely emit is being burned indiscriminately by the superrich. We share new evidence of how the yachts, jets and polluting investments of 50 of the world’s richest billionaires are accelerating the climate crisis. Oxfam’s research shows that the emissions of the world’s super-rich 1% are causing economic losses of trillions of dollars; contributing to huge crop losses; and leading to millions of excess deaths.
As global temperatures continue to rise, risking the lives and livelihoods of people living in poverty and precarity, we must act now to curb the emissions of the super-rich, and make rich polluters pay.
Read the report here.
