Shafaqna English– The wealthiest 10% of the global population has caused two thirds of global warming since 1990, according to a new study. The authors of the study suggest progressive taxes on wealth and carbon-intensive investments could provide a solution.
How the rich consume and invest has substantially increased the risk of deadly heatwaves and drought, they reported in the first study to quantify the impact of concentrated private wealth on extreme climate events.
“We link the carbon footprints of the wealthiest individuals directly to real-world climate impacts,” Lead Author Sarah Schoengart, a scientist at ETH Zurich, told AFP. “It’s a shift from carbon accounting toward climate accountability.”
Source: France24