Local weather change: Wealthiest 1% are driving world carbon emissions, says new report

The world’s wealthiest 1% produce twice as a lot carbon emissions because the poorest 50%, based on a brand new report.

“Regardless of sharp falls in carbon emissions in 2020 linked to the COVID-19 pandemic, the local weather disaster – which is pushed by the buildup of emissions within the environment over time – continued to develop,” the Cambridge Sustainability Fee has warned.

Forward of the COP26 local weather change summit, it says that authorities “should use this historic juncture to construct fairer economies throughout the limits our planet can bear”.

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Dramatic way of life modifications are wanted among the many so-called “polluter elite” to restrict world warming to the 1.5 Celsius goal set out within the Paris Settlement, the report mentioned.

To keep away from passing this restrict, the richest 1% might want to cut back their emissions by an element of a minimum of 30 by 2030 – whereas the world’s poorest 50% ought to have the option enhance their emissions by thrice their present degree – that means that the ladder of low cost vitality is just not pulled up away from growing nations.

In line with the report from the Cambridge Sustainability Fee on Scaling Behaviour Change – an skilled panel of 31 leaders – particular person and systemic modifications go hand in hand.

A few of the report’s suggestions are dramatic, together with addressing over-consumption by “addressing promoting and the media’s position within the normalisation and reification of excessive consumption behaviours”, doubtlessly by banning promoting.

It recommends “alternative enhancing” by which “governments, companies and people with direct management over manufacturing limit the supply of excessive carbon services”, arguing: “Undoing unsustainable behaviours is a complete lot tougher than stopping unsustainable merchandise from coming to market within the first place.”

Among the many fee’s proposals are establishing what it describes as “a sustainable financial system and society” by establishing a method to reside “inside planetary boundaries”.

“This implies initiating troublesome conversations about limits, proposals to ‘shrink and share’ carbon budgets inside and between international locations and to manage the manufacturing of polluting items within the first place,” it provides.

The authors name on governments to contemplate introducing wealth taxes and luxurious carbon taxes, resembling carbon gross sales taxes on SUVs, personal jets or tremendous yachts, and levies on enterprise class or frequent fliers.

“Ending the tax-free standing of plane gasoline, unconditional aviation business bailouts and tax breaks for firm automobiles”, is amongst their different suggestions.

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