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Greenpeace: Top 1% Cause $1 T Climate Damage, Calls Wealth Tax

6/12/2026

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Summary

Story summary

Greenpeace estimates the wealthy generate $1 trillion of climate damage each year through their assets.
The study finds the top 1 % of wealth holders generate about 25 % of global emissions, while the top 0.1 % accounts for 17 % of the 60 % of worldwide carbon output from ownership.
Greenpeace proposes wealth taxes to make the richest pay climate debt, noting that big banks invested $900 billion in fossil fuels last year despite earlier pledges.

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Story summary

Greenpeace estimates the wealthy generate $1 trillion of climate damage each year through their assets.
The study finds the top 1 % of wealth holders generate about 25 % of global emissions, while the top 0.1 % accounts for 17 % of the 60 % of worldwide carbon output from ownership.
Greenpeace proposes wealth taxes to make the richest pay climate debt, noting that big banks invested $900 billion in fossil fuels last year despite earlier pledges.