The UN has warned that only the rich will be able to afford to protect themselves from climate change. A recent Oxfam study has shown the wealthiest 1% will be responsible for 16% of all carbon emissions.

A new study by Oxfam projects that by 2030, the wealthiest 1% of the global population will account for 16% of all carbon dioxide emissions. The per capita emissions of this group are estimated to be 30 times higher than what is required to meet the 1.5°C global warming target set by the Paris Agreement. In contrast, emissions from the poorer half of the world's population are expected to remain well below this threshold.

The study highlights the impact of luxury lifestyles, including private jets, mega-yachts, and space tourism, on overall emissions. Oxfam has called for restrictions on such activities to address both climate inequality and the challenge of meeting international emissions targets. The report also notes that the ultra-rich are not limited to traditional industrialized nations, with significant numbers in China, the US, and India.

The ultra-rich may be why we can't meet emissions targets

Super-rich and climate damaging. The UN has warned that only the rich can protect themselves from climate change. Perhaps that's why some of the ultra-wealthy are ecological vandals. A new study by Oxfam projects that by 2030, the wealthiest 1% of the world's population will be responsible for 16% of all CO2 emissions. The output per capita of the super-rich is 30 times over what's needed to stick to the 1.5°C target. In 2030, emissions from the poorer half of the world's population will still be well below the level needed to limit global warming to 1.5°C. Yet millions of people in poorer nations are affected by climate change events and consequences. Storms, floods, droughts, hunger. That is climate injustice. What's behind the vast differences? The lifestyle of many super-rich people. Luxury goods, mega-yachts, private jets, even space flights. On one 11-minute space flight, Jeff Bezos produced as many CO2 emissions as a poor person would emit in their entire life. According to the Oxfam study, greenhouse gas emissions don't just come from the traditional industrialized nations. Some 23% of the ultra-rich are from China, compared to 19% from the US and 11% from India. Oxfam called for restrictions on luxury yachts, private jets and space tourism. It's the only way to combat inequality and stick to emissions targets set out by the 2015 Paris Agreement.

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