Study Highlights Massive , Emissions Gap Between, the Rich and the Poor.
'The Guardian' reports on the enormous gap between the top 1% of earners and the rest of the world's population and its impact on the climate.
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New data suggests the "the polluting elite" generate the same amount of carbon dioxide emissions in a single year as the bottom 10% produce in over two decades.
According to Autonomy's analysis of income and greenhouse gas data from 1998 to 2018, it would take 26 years for a low earner to generate as much CO2 as the richest do in a single year.
The study also found that if the UK had started taxing the carbon emissions of the top 1% of income groups twenty years ago, the effort would have raised over $126 billion.
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According to Peter Newell, professor of international relations at the University of Sussex, this massive disparity needs to be addressed.
On the eve of a critical climate summit [Cop27] in Egypt, and staring down an unprecedented cost of living crisis, it is clear we are not all in this together, Will Stronge, Director of research at Autonomy, via 'The Guardian'.
'The Guardian' reports that the UK is not alone with its massive divide between high and low earners when it comes to greenhouse gas emissions.
The disparity reportedly exists in both developed and developing nations.
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The enormous release of carbon emissions by the very richest in society over the past few decades is astonishing.
, Will Stronge, Director of research at Autonomy, via 'The Guardian'.
Our analysis suggests that the most effective way for the government to tackle climate change would be to properly tax the rich, through a well-targeted carbon tax scheme, Will Stronge, Director of research at Autonomy, via 'The Guardian'
