“We are seeing the ways that the ultra rich in the U.S. and around the world contribute disproportionately to creating the climate crisis,” says Rachel Carle, senior advisor on climate justice at Oxfam America. “They are also insulated from the impacts of the climate crisis, and are profiting off of the disasters that they have created.”
Oxfam used climate attribution models and a consumption-based emissions dataset developed by the Stockholm Environment Institute to calculate emissions by income group. Keeping emissions in check is a key part of addressing the climate crisis. This month, the United Nations warned that, in order to keep warming below 2°C, urgent action must be taken to drastically reduce global emissions by 18% by 2030.
One of the biggest sources of emissions? Private jets—which, in 2025, were responsible for 16 million metric tons of CO2, the emissions equivalent of the annual energy use of over 2 million homes. The U.S. has the highest concentration of private jet use—with the majority of all private jets (68%) taking off from the U.S. Combined, all of the world’s private jets emit more in 2 seconds than someone in the world’s poorest 50%, those annually making an average of $1,500, would emit in a year. According to the report, last year private jets spent more than 6.5 million hours in the air.
This has a direct impact on the climate, the report finds. The researchers constructed emissions pathway models to attribute the emissions of different income groups, and found that the richest 1% are responsible for 20% of global warming since 1990—20 times more than their share of the world’s population. Someone from the richest 1% contributed 34 times more than the average person to extreme heat events, the report states, and one year's worth of emissions from the richest 1% will cause an estimated 1.9 million excess heat deaths.
The authors suggest taxing the emissions of the super-rich. This could be done through taxes on high-emitting luxury items and activities, like private jet use, to disincentivize their use, suggests the report, or via windfall taxes on profits from fossil fuel companies. The report envisions that these taxes could be used to help level the playing field when it comes to climate adaptation, like increasing climate financing in the Global South, or investing in adaptation measures around the world.
“We hope that people take away that there are a lot of opportunities to address inequality in ways that protect the planet and protect communities,” says Carle. “Polluters need to pay for the harm that they’ve caused.”
Hence then, the article about the ultrawealthy produce more carbon pollution than nearly half of humanity was published today ( ) and is available on Time ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( The Ultrawealthy Produce More Carbon Pollution Than Nearly Half of Humanity )
Also on site :