this post was submitted on 10 Jan 2026
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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 HellsBelle@sh.itjust.works to c/world@lemmy.world
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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, including people in low-income countries on the frontlines of climate breakdown, Indigenous groups, women and girls.

Lower- and middle-income countries are most at risk from the detrimental effects of these emissions, with global economic damage potentially adding up to £44tn by 2050.

Not only are the super-rich responsible for most carbon emissions, but they also invest in the most polluting industries. A billionaire carries, on average, an investment portfolio in companies that will produce 1.9m tonnes of CO2 a year – roughly equivalent to the annual emissions of 400,000 petrol cars.

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[–] grue@lemmy.world 16 points 1 day ago (2 children)

Note that the world's top 1% is 83 million people, which includes way more than 1% of the population of places like the US and western Europe.

If you're a "middle class" homeowner in a high cost-of-living area, you're part of this statistic.

[–] Vizzerdrix@lemmy.world 12 points 1 day ago (1 children)

Yeah but within those 1% the pattern essentially is the same where a small minority puts out way more CO2 than the average person

[–] ViatorOmnium@piefed.social 6 points 1 day ago

I expect even some bigger gaps, because top 1% is usually when you start having enough money to have good living standards efficiently. I.e. at this point you have the option of having efficient construction and waste less on cooling and heating, you can afford more sustainable clothing, both in terms of material and durability, etc. But unfortunately lots of people just decide to turbocharge destructive consumption instead.

[–] resipsaloquitur@lemmy.world -1 points 23 hours ago

I mean, accounting for purchasing power parity, you wouldn’t, by definition.