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World’s richest 1% have already used fair share of emissions for 2026, says Oxfam (www.theguardian.com)

submitted 1 day ago by hanrahan@piefed.social to c/collapse@lemmy.zip

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cross-posted from: https://piefed.social/c/collapse/p/1649920/worlds-richest-1-have-already-used-fair-share-of-emissions-for-2026-says-oxfam

The world’s richest 1% have used up their fair share of carbon emissions just 10 days into 2026, analysis has found.

Meanwhile, the richest 0.1% took just three days to exhaust their annual carbon budget, according to the research by Oxfam.

The charity said the worst effects of the emissions would be faced by those who had done the least to cause the climate crisis,

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[–] JensSpahnpasta@feddit.org 3 points 1 day ago (1 children)

I had to look this up:

According to the United Nations Environment Program (UNEP) Emissions Gap Report 2024, the median estimate of emissions level in 2030 consistent with limiting global heating to around 1.5°C is 24 GtCO2e (range: 20–26), which is equivalent to approximately 17.8 GtCO2 based on the 2019 share of CO2 emissions in greenhouse gas emissions (74.1 per cent). According to the UN, the global population is projected to reach 8.5 billion in 2030. Dividing the 1.5°C compatible 2030 emissions level (17.8 GtCO2) equally by 8.5 billion gives an estimate of an annual carbon budget of 2.1t CO2 per person.

https://www.oxfam.org/en/press-releases/richest-1-have-blown-through-their-fair-share-carbon-emissions-2026-just-10-days

[–] Maeve@kbin.earth 3 points 1 day ago

Don't worry, they're working on ideas to decrease the population as we speak. Unfortunately, war isn't great for climate preservation, either.