Very occasionally I write a piece about the state of politics. It’s often about UK politics but this time will extend to global politics with Farage following the Donald’s policies and no prospect of politicians addressing the climate crisis. To address Wes Streeting and doctor’s strike, David Lammy’s attack on trial by jury, Nigel Farage and Reform UK, Your Party and the Greens.
In response to the UNEP Emissions Gap Report published 4th November 2025, Nafkote Dabi, Climate Policy Lead at Oxfam, said:
“Just days before global leaders arrive in Brazil for COP30, this report is a blaring siren calling for greater climate action.
“Since the Paris Agreement, the richest 1% have used up more than twice the carbon budget of the poorest half of humanity. This inequality is more than unjust—it’s deadly. The extreme emissions of the richest people and countries are burning through the little remaining the amount of CO2 that can be emitted while avoiding climate disaster. Meanwhile, the poorest communities suffer the most devastating impacts.
“Governments cannot close the emissions gap without slashing the carbon footprint of the super-rich and addressing extreme inequality. COP30 must be a turning point. Global leaders must cut the emissions of the richest, tax rich polluters and their profits, and deliver a just transition—one that creates decent green jobs, builds resilient economies, and puts people and planet before profit.”
Oxfam’s recent report, “Climate Plunder: How a powerful few are locking the world into disaster”, presents new data which finds that a person from the richest 0.1% produces more carbon pollution in a day than the poorest 50% emit all year. If everyone emitted like the richest 0.1%, the carbon budget would be used up in less than 3 weeks.
The “UN Emissions Gap report: Off Target” finds that global warming projections over this century, based on full implementation of updated government climate pledges, are 2.3-2.5°C, while those based on current policies are 2.8°C.
The investments of just 125 billionaires emit 393 million tonnes of CO2 each year – the equivalent of France – at an individual annual average that is a million times higher than someone in the bottom 90 percent of humanity.
Carbon Billionaires: The investment emissions of the world’s richest people, is a report published by Oxfam based on a detailed analysis of the investments of 125 of the richest billionaires in some of the world’s biggest corporates and the carbon emissions of these investments. These billionaires have a collective $2.4 trillion stake in 183 companies.
The report finds that these billionaires’ investments give an annual average of 3m tonnes of CO2e per person, which is a million times higher than 2.76 tonnes of CO2e which is the average for those living in the bottom 90 percent.
The actual figure is likely to be higher still, as published carbon emissions by corporates have been shown to systematically underestimate the true level of carbon impact, and billionaires and corporates who do not publicly reveal their emissions, so could not be included in the research, are likely to be those with a high climate impact.
“These few billionaires together have ‘investment emissions’ that equal the carbon footprints of entire countries like France, Egypt or Argentina,” said Nafkote Dabi, Climate Change Lead at Oxfam “The major and growing responsibility of wealthy people for overall emissions is rarely discussed or considered in climate policy making. This has to change. These billionaire investors at the top of the corporate pyramid have huge responsibility for driving climate breakdown. They have escaped accountability for too long,” said Dabi.
“Emissions from billionaire lifestyles, their private jets and yachts are thousands of times the average person, which is already completely unacceptable. But if we look at emissions from their investments, then their carbon emissions are over a million times higher,” said Dabi.
Contrary to average people, studies show the world’s wealthiest individuals’ investments account for up to 70 percent of their emissions. Oxfam has used public data to calculate the “investment emissions” of billionaires with over 10 percent stakes in a corporation, by allocating them a share of the reported emissions of the corporates in which they are invested in proportion to their stake.
The study also found billionaires had an average of 14 percent of their investments in polluting industries such as energy and materials like cement. This is twice the average for investments in the Standard and Poor 500. Only one billionaire in the sample had investments in a renewable energy company.
The choice of investments billionaires make is shaping the future of our economy, for example, by backing high carbon infrastructure – locking in high emissions for decades to come. The study found that if the billionaires in the sample moved their investments to a fund with stronger environmental and social standards, it could reduce the intensity of their emissions by up to four times.
“The super-rich need to be taxed and regulated away from polluting investments that are destroying the planet. Governments must put also in place ambitious regulations and policies that compel corporations to be more accountable and transparent in reporting and radically reducing their emissions,” said Dabi.
Oxfam has estimated that a wealth tax on the world’s super-rich could raise $1.4 trillion a year, vital resources that could help developing countries – those worst hit by the climate crisis – to adapt, address loss and damage and carry out a just transition to renewable energy. According to the UNEP adaptation costs for developing countries could rise to $300 billion per year by 2030. Africa alone will require $600 billion between 2020 to 2030. Oxfam is also calling for steeply higher tax rates for investments in polluting industries to deter such investments.
The report says that many corporations are off track in setting their climate transition plans, including hiding behind unrealistic and unreliable decarbonization plans with the promise of attaining net zero targets only by 2050. Fewer than one in three of the 183 corporates reviewed by Oxfam are working with the Science Based Targets Initiative. Only 16 percent have set net zero targets.
Vast swathes of Europe’s water reserves are drying up, a new analysis using two decades of satellite data reveals, with freshwater storage shrinking across southern and central Europe, from Spain and Italy to Poland and parts of the UK.
Scientists at University College London (UCL), working with Watershed Investigations and the Guardian, analysed 2002–24 data from satellites, which track changes in Earth’s gravitational field.
Because water is heavy, shifts in groundwater, rivers, lakes, soil moisture and glaciers show up in the signal, allowing the satellites to effectively “weigh” how much water is stored.
The findings reveal a stark imbalance: the north and north-west of Europe – particularly Scandinavia, parts of the UK and Portugal – have been getting wetter, while large swathes of the south and south-east, including parts of the UK, Spain, Italy, France, Switzerland, Germany, Romania and Ukraine, have been drying out.
Climate breakdown can be seen in the data, the scientists say. “When we compare the total terrestrial water storage data with climate datasets, the trends broadly correlate,” said Mohammad Shamsudduha, professor of water crisis and risk reduction at UCL.
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Continues at https://www.theguardian.com/environment/2025/nov/29/climate-crisis-depleting-europe-groundwater-reserves-analysis
https://morningstaronline.co.uk/article/leaders-urged-listen-science-and-act-climate-crisis
A crowd of people watching the setting sun from a hill in Ealing, west LondonPOLITICIANS, business leaders and celebrities were urged to “listen to the science” at Britain’s first “national emergency briefing” on the climate and nature crisis today.
The event, held at Westminster Hall, was called by National Emergency Briefing, a group of experts in the field backed by organisations as diverse as the Royal Meteorological Society, the National Trust, the University of Reading and teaching union NEU.
Lancaster University’s Professor Mike Berners-Lee, panel chair, said: “Business as usual means normalising catastrophe — homes destroyed by flood and wildfire in Britain, price shocks, food shortages and a destabilised economy.
“We are drowning in fossil fuel misinformation, and it is no accident. Fossil fuel companies are spreading messages in the media and in Westminster designed to stall action.”
In the day’s keynote address, broadcaster and naturalist Chris Packham challenged attendees: “Why are we unbelievably pulling back on rapidly and forthrightly addressing the greatest crisis to ever threaten our species, climate breakdown and biodiversity loss?
“Climate denialism has been a mainstream thing again, thanks to the well-oiled machines of the rich, powerful and influential lobbyists from the fossil fuel and other industries.
“A dangerous wave of misinformation and lies fill our lives, but worse, it fills the lives of our decision makers and these are the people who shape policy.”
Calling on politicians to stand up to fossil fuel lobbyist who remain “significant contributors” to some parties’ coffers, he urged them to “listen to the science,” warning: “If you don’t, things go wrong and lives are lost.”
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Article continues at https://morningstaronline.co.uk/article/leaders-urged-listen-science-and-act-climate-crisis