Richest 0.1% Overwhelmingly Guilty of the ‘Climate Plunder’ Wrecking Planet Earth
Original article by Jake Johnson republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).
(Photo by Yamil Lage/AFP via Getty Images)
“The very richest individuals in the world are funding and profiting from climate destruction, leaving the global majority to bear the fatal consequences of their unchecked power.”
A report released Tuesday showed that the wealthiest people on the planet are disproportionately fueling the climate emergency that is intensifying weather catastrophes like Hurricane Melissa, which slammed Cuba on Wednesday after leaving a trail of devastation in Jamaica.
The Oxfam International report, titled Climate Plunder: How a Powerful Few Are Locking the World Into Disaster, features updated figures showing that the consumption-based carbon emissions of the richest 0.1% of the global population grew by 92 tonnes between 1990 and 2023, while the emissions of the poorest half of humanity grew by just 0.1 tonnes.
“A person from the world’s richest 0.1% emits over 800kg of CO2 every day. Even the strongest person on earth could not lift this much,” the report notes. “In contrast, someone from the poorest 50% of the world emits an average of just 2kg of CO2 per day, which even a small child could lift.”
“A person in the top 0.1% emits more in a day than a person in the poorest 50% emits all year,” the report adds.
The destruction caused by Hurricane Melissa—the most powerful storm on Earth this year and the strongest to ever hit Jamaica—underscored the extent to which vulnerable nations are bearing the brunt of a crisis they did little to cause as wealthy countries and individuals continue to spew planet-warming emissions with abandon.
Jamaica, where the true extent of the damage from Melissa is only just beginning to emerge, is responsible for an estimated 0.02% of global greenhouse gas emissions, according to the latest available data.
“The climate crisis is an inequality crisis,” said Oxfam executive director Amitabh Behar. “The very richest individuals in the world are funding and profiting from climate destruction, leaving the global majority to bear the fatal consequences of their unchecked power.”
“We must break the chokehold of the super-rich over climate policy by taxing their extreme wealth.”
Oxfam’s report was published less than two weeks before the start of COP30 in Belém, Brazil, where world leaders will gather once again to weigh climate solutions after years of failing to reach an agreement to curb fossil fuel production and use.
In its new report, Oxfam implores governments to target the emissions of the ultra-wealthy, including through “climate-specific taxes” such as “frequent flyer levies and taxes on luxury travel.”
“It is a travesty that power and wealth have been allowed to accumulate in the hands of a few, who are only using it to further entrench their influence and lock us all into a path to planetary destruction,” said Behar. “We must break the chokehold of the super-rich over climate policy by taxing their extreme wealth, banning their lobbying, and instead put those most affected by the climate crisis in the front seat of climate decision-making.”
