Oxfam: Richest 1% Produces Twice the Carbon Emissions than the Global Poor

PARIS, KOMPAS.com – Oxfam found that the richest 1 percent of people are responsible for producing more than twice the carbon emissions linked to worsening climate change.

Carbon emissions by the world’s richest one percent overtook emissions produced by the poorest half of the world’s population of 3.1 billion people.

The research finding revealed on Monday showed that between 1990 and 2015, rich nations were responsible for depleting nearly a third of Earth’s carbon budget.

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That period was a time when annual emissions ballooned 60 percent.

Though the coronavirus pandemic triggered a sharp decline in carbon emissions, it has not stopped the world from warming several degrees this century.

Poor and developing nations are at threat of the severe impact of climate change that will bring about a full gamut of natural disasters and displacements.

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The carbon budget is the limit of cumulative greenhouse gas emissions mankind may produce before rendering catastrophic temperature rises unavoidable.

Just 63 million people — the "one percent" — took up nine percent of the carbon budget since 1990, research conducted for Oxfam by the Stockholm Environment Institute found.