The richest 8 million people produce carbon emissions exceeding those of 3.5 billion humans

Oxfam revealed that the richest 0.1% of the world's population (about 8 million people) produce carbon emissions exceeding those of the poorest 44% of humanity (about 3.5 billion people), based on consumption-related emission estimates for 2023.

Oxfam revealed that the richest 0.1% of the world's population, numbering about 8 million people, produce carbon emissions exceeding the total emissions of the poorest 44% of humanity, numbering about 3.5 billion people. The report, covered by the British newspaper The Guardian, is based on consumption-related emission estimates for 2023 and does not include other greenhouse gases or emissions from land use change and forestry due to data limitations. Researchers relied on income data and consumption patterns to distribute emissions among economic classes within countries, making the results statistical estimates based on assumptions. Oxfam warned that inequality is not limited to the volume of emissions but extends to the economic benefit from polluting activities and from preparations for climate disasters and repairing their damage. In this context, the organization analyzed ownership and investments related to 217 companies operating in highly polluting activities.