"Billionaires' Carbon Footprint: 4,000 Times That of the Poorest, Oxfam Warns"

A new analysis by Oxfam reveals that US billionaires carbon emissions are 4,000 times greater than the worlds poorest, exacerbating the climate crisis as the Cop30 summit approaches.

Oxfams analysis shows that the wealthiest 0.1% of the US population emits carbon at a staggering rate, 183 times higher than the global average.
The report emphasizes that billionaires carbon footprints are 4,000 times larger than that of the poorest 10%, highlighting stark inequality in the carbon cycle.
As the Cop30 climate summit nears, the findings raise urgent questions about fossil fuel consumption and the lobbying efforts of corporations that contribute to the climate crisis.

Why It Matters

This disparity in carbon emissions underscores the urgent need for equitable climate policies that address both environmental sustainability and social justice, especially as global leaders convene to discuss solutions at Cop30.