The figures published by Oxfam are particularly stark in France, where the richest 1% emit as much carbon in one year as the poorest 50% in 10 years.
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The income threshold for being among the global top 1% was adjusted by country using purchasing power parity – for example in the United States the threshold would be $140,000, whereas the Kenyan equivalent would be about $40,000.
Stark picture in France
Within-country analyses also painted very stark pictures. For example, in France, the richest 1% emit as much carbon in one year as the poorest 50% in 10 years.
Excluding the carbon associated with his investments, Bernard Arnault, the billionaire founder of Louis Vuitton and richest man in France, has a footprint 1,270 times greater than that of the average Frenchman.
The key message, according to Lawson, was that policy actions must be progressive. “We think that unless governments enact climate policy that is progressive, where you see the people who emit the most being asked to take the biggest sacrifices, then we’re never going to get good politics around this,” he said.
These measures could include, for example, a tax on flying more than ten times a year, or a tax on non-green investments that is much higher than the tax on green investments.
While the current report focused on carbon linked only to individual consumption, “the personal consumption of the super-rich is dwarfed by emissions resulting from their investments in companies,” the report found.
Nor are the wealthy invested in polluting industries at a similar ratio to any given investor – billionaires are twice as likely to be invested in polluting industries than the average for the Standard & Poor 500, previous Oxfam research has shown.
You can read the report here : Richest 1% emit as much planet-heating pollution as two-thirds of humanity
You can’t eat money, but you can eat the rich.
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You might be, I don’t even drive. My commuter vehicle is a bicycle and I sure as shit am not in the top 1% economically, even on a global scale.
According to this article the threshold is 140k annual income in the US; meanwhile median US income is like 45k. Probably similar numbers in Europe too.
Surprise most people fall into the 99% and not the 1%.
Nope. Hell, even if every rich person was American, the US population is over 4% of the global population. So obviously at least 3/4 of us are not part of the global 1%.
Bro… you must be loaded. In the US you have to earn an average of 652,000 per year. This is for Canada. According to this site site, 60k put you in the top percent globally. Only 16.5 percent of Americans make between 50-75k per year.
Edit: fixed hyperlink.
The context of this article is France. The 1% richest in France is definitely not you and me, or you are incredibly rich, like “you don’t need to work, you do it for fun” rich.
The US alone makes up 4.2% of the global population and there are a lot of rich people outside the US. So we are talking of maybe 10% of the population even for rich countries.
For the top 10% that is more true, if you are from the US, Western Europe, Japan or a similar country.