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1% Deplete Carbon Budget in Just 10 Days

1/10/2025

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Summary

Story summary

The latest Oxfam report paints a stark picture: the wealthiest 1% have burned through their carbon budget for 2025 in a mere ten days, each contributing 2.1 tonnes of CO2. This elite minority emits more than double that of the poorest half, intensifying climate change and fueling extreme weather and food shortages. Oxfam calls for governments to tax these luxury polluters.

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Story summary

The latest Oxfam report paints a stark picture: the wealthiest 1% have burned through their carbon budget for 2025 in a mere ten days, each contributing 2.1 tonnes of CO2. This elite minority emits more than double that of the poorest half, intensifying climate change and fueling extreme weather and food shortages. Oxfam calls for governments to tax these luxury polluters.