The Climate Crisis: Wealthy Elite's Carbon Footprint Exposed
Originally Published 2 years ago — by Euronews
A report by Oxfam reveals that the richest 10% of Europeans are responsible for as much carbon pollution as the poorest 50%. Oxfam is calling for a European wealth tax to raise funds for reducing pollution and inequality, estimating that it could generate nearly €250 billion annually. The report also highlights the global inequalities fueling the climate crisis, with the richest 1% of the world's population producing as much carbon pollution as the poorest two-thirds. Oxfam urges governments to address these inequalities through a global redistribution of income, a transition away from fossil fuels, and a shift towards prioritizing the wellbeing of humans and the planet.