O=C=O<p>Carbon Inequality Kills: Why curbing the excessive emissions of an elite few can create a sustainable planet for all </p><p>The paper highlights how the excessive <a href="https://climatejustice.social/tags/emissions" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>emissions</span></a> from the lifestyles and investments of the super-rich are accelerating <a href="https://climatejustice.social/tags/GlobalWarming" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GlobalWarming</span></a>, leading to severe <a href="https://climatejustice.social/tags/economic" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>economic</span></a> losses, crop failures, and increased mortality rates, particularly in low-income countries.<br>Key points include:</p><p>Carbon Inequality: The richest 1% of the global population are responsible for a disproportionate amount of <a href="https://climatejustice.social/tags/CarbonEmissions" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CarbonEmissions</span></a>, depleting the global <a href="https://climatejustice.social/tags/CarbonBudget" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CarbonBudget</span></a> at an unsustainable rate. If everyone emitted carbon at the rate of the top 1%, the remaining carbon budget would be exhausted in fewer than five months.</p><p>Luxury Emissions: The document provides evidence of how private jets and <a href="https://climatejustice.social/tags/superyachts" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>superyachts</span></a> owned by billionaires contribute significantly to carbon emissions. For instance, the private <a href="https://climatejustice.social/tags/jets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>jets</span></a> of 23 <a href="https://climatejustice.social/tags/billionaires" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>billionaires</span></a> emitted an average of 2,074 tonnes of carbon annually, equivalent to hundreds of years of emissions for the average person.</p><p>Investment Emissions: The investment activities of billionaires are even more damaging, with their <a href="https://climatejustice.social/tags/portfolios" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>portfolios</span></a> heavily weighted towards polluting industries. The investment emissions of billionaires are, on average, around 2.6 million tonnes of CO2 equivalents annually, vastly overshadowing their personal consumption emissions.</p><p>Economic and Human Costs: The emissions from the richest are causing trillions of dollars in economic damages, significant agricultural losses, and millions of excess deaths due to increased global temperatures. Low- and lower-middle-income countries bear the brunt of these impacts.</p><p>Recommendations: The paper calls for urgent action to reduce the emissions of the super-rich through progressive <a href="https://climatejustice.social/tags/taxation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>taxation</span></a>, banning or heavily <a href="https://climatejustice.social/tags/taxing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>taxing</span></a> carbon-intensive luxuries, and regulating corporations to reduce their <a href="https://climatejustice.social/tags/CarbonFootprint" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CarbonFootprint</span></a>'s. It also advocates for making rich polluters pay for climate damages and reimagining economies to prioritize human and planetary <a href="https://climatejustice.social/tags/wellbeing" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>wellbeing</span></a> over <a href="https://climatejustice.social/tags/wealth" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>wealth</span></a> accumulation.</p><p>Overall, the document emphasizes the need for systemic changes to address the dual crises of climate change and inequality, urging governments to implement policies that curb excessive emissions and promote a more equitable and sustainable world.</p><p><a href="https://policy-practice.oxfam.org/resources/carbon-inequality-kills-why-curbing-the-excessive-emissions-of-an-elite-few-can-621656/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">policy-practice.oxfam.org/reso</span><span class="invisible">urces/carbon-inequality-kills-why-curbing-the-excessive-emissions-of-an-elite-few-can-621656/</span></a></p><p><a href="https://climatejustice.social/tags/ClimateCrisis" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateCrisis</span></a></p>