World’s richest 10 percent produce 50 percent CO2: report

World’s richest 10 percent produce 50 percent of CO2: report

9:24 AM, 19th January 2016
World’s richest 10 percent produce 50 percent of CO2: report
The richest 10 percent have, on average, carbon footprint 11 times that of the poorest 3.5 billion people on the planet, the campaign group said in its report. (File photo)

LONDON, UK: The richest 10 percent of people produce half of the Earth’s carbon emissions, while the poorest half-most threatened by droughts and super storms linked to climate change-contribute a mere 10 percent, British charity Oxfam (organisation working to find solutions to poverty) said in a study.

The richest 10 percent have, on average, carbon footprints 11 times that of the poorest 3.5 billion people on the planet, the campaign group said in its report. One of the biggest obstacles facing negotiators from 195 countries, attending the Paris climate meet, is how to find the billions of dollars needed by developing nations to enable them to stop using fossil fuels and adapt to the weather shocks.

Climate change and economic inequality are inextricably linked and pose one of the greatest challenges of the 21st century,” said Tim Gore, head of food and climate policy, Oxfam.

Emissions are rising fastest in developing countries, Oxfam said. Yet emissions relating to goods and services consumed by the richest citizens in China, India, Brazil and South Africa are way behind those of their counterparts in the wealthiest countries of the Organisation for Economic Co-operation and Development, it said.

Oxfam found that India’s richest 10 percent use on average just one quarter of the carbon used by the poorest half of the population of the US. It also said total emissions of China’s poorest 600 million people are one third of the total emissions of US’s richest 10 percent, some 30 million people.

Tuvalu (country in Oceania) faces threat from rising sea

Enele Spoaga, the PM of Tuvalu, the world’s fourth smallest nation, has appealed for help from EU leaders to stop it disappearing from Earth. He arrived in Brussels to call on EU leaders for support. The islands, home to just 10,000, is under threat from rising sea levels as it is just 4m above sea level. He called on Europe to reduce greenhouse gas emissions to keep warming down to 1.5°C. He said: “We need to save Tuvalu to save the world.”

© The Times of India News

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