The richest 0.1% in the world generates more emissions than the 3.5 billion poorest people

A recent Oxfam Intermón report reveals that the wealthiest 0.1% of the global population emits more carbon than the poorest 3.5 billion combined. This elite group, comprising about 8 million individuals, significantly contributes to climate change while profiting from its consequences. The report highlights that the richest individuals can shield themselves from climate impacts, unlike the most vulnerable populations who suffer the most. Oxfam calls for urgent government action to impose taxes on fossil fuel companies and increase climate financing for the Global South. The report also emphasizes the need to address the growing inequality exacerbated by climate disasters, urging political parties to prioritize climate justice in their agendas.