Home‘Luxury carbon consumption’ of the top 1% threatens global warming limit of 1.5°C | greenhouse gas emissions

‘Luxury carbon consumption’ of the top 1% threatens global warming limit of 1.5°C | greenhouse gas emissions

The carbon dioxide emissions of the richest 1% of humanity are on track to be 30 times greater than consistent with keeping global heating below 1.5°C, new research warns, as scientists urge governments to “restrict luxury carbon consumption” for private jets, Mega yachts and space travel.

In line with the Paris climate goals, everyone on Earth needs to reduce carbon dioxide2 Emissions average 2.3 tons by 2030, about half of today’s average.

The richest 1% – less than Germany’s population – are on track to release 70 tons of CO2 per person per year if current consumption continues, According to the study. Altogether, they will account for 16% of total emissions by 2030, up from 13% of emissions in 1990. Meanwhile, the poorest 50% will, on average, emit one ton of carbon dioxide.2 annually.

“It appears that the small elite has a free pass to pollute,” said Navkot Dabi, head of climate policy at Oxfam, which commissioned the European Environmental Policy Institute (IEEP) and the Stockholm Environment Institute (SEI). “Its massive emissions are fueling extreme weather around the world and threatening the international goal of limiting global warming,” she said.

The research comes as world leaders gather at Cop26 to discuss ways to reduce emissions and keep the 1.5C target on the table, with a number of delegates arriving at the climate conference aboard a private jet, including Boris JohnsonPrince Charles and Jeff Bezos. Charity urges wealthier citizens to speed up action on global warming by cutting their carbon dioxide2 emissions in line with Paris goals, and using its leverage and financial support to drive the green economy.

Jamie Livingstone, President of Oxfam in Scotland, said: policeman 26 It was “a moment of truth in the fight against climate change”. He said: “World leaders must agree on ways to reduce excessive emissions and limit global warming and they must do so here and now in Glasgow. Delay is costing lives.”

Earlier this year, Bezos went into space with his New Shepard rocket, Sir Richard Branson went to the edge of space in a Virgin Galactic Rocket and Elon Musk’s company promises to take humans to Mars. Emissions from a single 11-minute spaceflight amount to at least 75 tons, which Emissions will exceed lifetime One of the poorest billion people on earth.

Tim Gore, the briefing’s author and Chairman of Low’s, said the paper shows that the struggle to keep 1.5 degrees Celsius within reach is hampered not by the consumption of most people on the planet, but by the excessive emissions of the world’s richest citizens. -CO2 and the Circular Economy Program at IEEP.

Even the total emissions from the richest 10% could be enough to exceed the amount allotted to stay within the 1.5°C targets by 2030 – no matter what 90% of the population does.

Gore said: “To close the emissions gap by 2030, it is imperative that governments target measures that target the richest and highest emitters – climate crises and inequality must be tackled together. This includes both measures to curb luxury carbon consumption such as mega yachts, private jets and space travel, and reducing climate-intensive investments such as stocks in the fossil fuel industries.”