Oxfam's analysis reveals that the carbon emissions of the wealthiest 1% are exacerbating global issues such as hunger, poverty, and excess deaths.
The report indicates that if the global population emitted carbon at the billionaire level, the carbon budget to limit global heating to 1.5C would be exhausted in just two days.
Oxfam's findings stress the need for governments to tax the super-rich to reduce their excessive consumption while providing resources for clean energy transitions.
The study shows that the richest billionaires emit more carbon in three hours than the average British person does in their entire lifetime.
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