A recent study published in Nature Climate Change reveals that the wealthiest 10% are responsible for two-thirds of global warming since 1990, emphasizing the need for progressive taxes on wealth and carbon-intensive investments. The research shows a direct link between concentrated wealth and extreme climate events, with the richest 1% contributing 26 times more to once-a-century heatwaves. This marks a significant shift towards climate accountability, urging that addressing the consumption and investment practices of the wealthy is essential for effective climate action.
The way in which the rich consume and invest has substantially increased the risk of heatwaves and droughts, leading to the urgent need for climate accountability.
If everyone had emitted like the bottom 50 percent of the global population, the world would have seen minimal additional warming since 1990, highlighting the need for fair climate action.
Collection
[
|
...
]