A recent study reveals that the wealthiest 10% are responsible for two-thirds of global heating since 1990, exacerbating climate impacts such as droughts and heatwaves particularly in poorer regions. This research highlights the connection between high-income lifestyles and greenhouse gas emissions, emphasizing the urgent need for climate finance and wealth taxes. By modeling climate changes and emissions data, researchers substantiate claims that wealthier individuals significantly contribute to climate breakdown, which calls for targeted policies to reduce emissions from affluent groups and address the inequalities faced by developing nations.
Our study shows that extreme climate impacts are not just the result of abstract global emissions; instead we can directly link them to our lifestyle and investment choices.
We found that wealthy emitters play a major role in driving climate extremes, which provides strong support for climate policies that target the reduction of their emissions.
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