World

World's richest 1% create double CO2 of poorest 50%

With 1°C of warming so far, Earth is already battling more intense wildfires, droughts and super storms 

Updated 6 years ago · Published on 21 Sep 2020 9:50AM

World's richest 1% create double CO2 of poorest 50%
Residents travel past an urban intervention called "Eggcident" – a warning for the severity of global warming – by Dutch artist Henk Hofstra during the annual "Virada Sustentavel SP" cultural party, in Sao Paulo, Brazil, on September 18, 2020. – AFP pic, September 21, 2020

PARIS – The richest one per cent of people are responsible for more than twice as much carbon pollution as the poorest half of the world's population, according to a new research by Oxfam.

Despite a sharp decrease in carbon emissions due to the pandemic, the world remains on pace to warm several degrees this century, threatening poor and developing nations with the full gamut of natural disasters and displacements.

An analysis led by Oxfam showed that between 1990 and 2015, when annual emissions ballooned to 60 per cent, that rich nations were responsible for depleting nearly a third of Earth's carbon budget.

The carbon budget is the limit of cumulative greenhouse gas emissions mankind may produce before rendering catastrophic temperature rises unavoidable. 

Out of 3.1 billion people in the world, just 63 million people – the "one per cent" – took up nine per cent of the carbon budget since 1990, research conducted for Oxfam by the Stockholm Environment Institute found. 

Highlighting an ever-widening "carbon inequality", the analysis said the growth rate of the one per cent's emissions was three times that of the poorest half of humanity. 

"It's not just that extreme economic inequality is divisive in our societies, it's not just that it slows the rate of poverty reduction," said Tim Gore, head of policy, advocacy and research. 

"But there is also a third cost which is that it depletes the carbon budget solely for the purpose of the already affluent growing their consumption."

"And that, of course, has the worse impacts on the poorest and least responsible," Gore added. 

The 2015 Paris climate deal commits nations to limit global temperature rise to "well below" two degrees Celsius above pre-industrial levels. 

But emissions have continued to rise since then, and several analyses have warned that without a thoroughly re-tooled global economy prioritising green growth, the pollutions savings due to Covid-19 will have an insignificant mitigating impact on climate change. 

With just 1°C of warming so far, Earth is already battling more frequent and intense wildfires, droughts and super storms rendered more powerful by rising seas. 

Gore said governments must put the twin challenges of climate change and inequality at the heart of any Covid-19 recovery plan. 

"It's clear that the carbon intensive and highly unequal model of economic growth over the last 20-30 years has not benefited the poorest half of humanity," he said. 

"It's a false dichotomy to suggest that we have to choose between economic growth and (fixing) the climate crisis."

Commenting on the Oxfam report, Hindou Oumarou Ibrahim, an environment activist and president of the Association for Indigenous Women and Peoples of Chad, said that climate change could not be tackled without prioritising economic equality. 

"My indigenous peoples have long borne the brunt of environmental destruction," said Ibrahim. 

"Now is the time to listen, to integrate our knowledge, and to prioritise saving nature to save ourselves." – AFP, September 21, 2020

Related News

Malaysia / 4mth

Malaysia must accelerate energy transition to safeguard future

Malaysia / 4mth

Malaysia ensures secure energy supply through international strategic cooperation – PM

Malaysia / 5mth

Malaysia's energy supply sufficient until July - PM Anwar

Malaysia / 6mth

EV taxis with battery swapping system introduced to address fuel crisis

Malaysia / 6mth

Malaysia continues to shift towards RE, regional power integration - Amir Hamzah

Malaysia / 6mth

Global energy crisis may take five years to recover – PM

Spotlight

Business

Ringgit gains as oil prices plunge on hopes of Iran conflict de-escalation

Events

UKM to establish academic research platform named after Dr Wan Azizah

Malaysia

Deepavali preparations destroyed as flash floods inundate Sungai Buloh homes

Malaysia

Melaka polls: Calm campaign puts focus on what parties can offer voters

Malaysia

Anwar challenges Hadi over ‘Dajjal’ label

Malaysia

Shuhaily remains AKPS chief pending official transfer order, says lawyer

Malaysia

Najib's former wife Tengku Puteri Zainah passes away

Malaysia

Matrade exposes scam involving fake procurement orders, advance payment demands

By Alfian Z.M. Tahir

Malaysia

“Don’t panic,” Govt assures stable essential goods supply amid geopolitical tensions, monsoon threat

You may be interested

World

Trump faces Republican revolt after midterm rout puts Democrats in control of Congress

World

Trump faces Iran war dilemma after Republican midterm losses

World

Indonesia deploys troops in Jakarta amid political turmoil over alleged phone-spying scandal

World

Nearly 90 million displaced people exposed to climate risks, UNHCR warns

World

Iran claims three vessels catch fire in Strait of Hormuz, captures two US drones

World

Iran warns countries aiding US military action will become 'legitimate targets'

World

Wave of hoax bomb threats disrupts European flights, prompts fighter jet escorts

World

Israeli President certifies election results