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



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Government working to boost exports of chemicals, plastics

MUMBAI, INDIA: The centre is working with manufacturers of chemicals, plastics and allied products to boost their shipments as it expects the segment ...

Read more
FDA issues warning letter to Hisun’s API plant in China

SILVER SPRING, US: The US Food and Drug Administration (FDA) said that it has warned China-based Zhejiang Hisun Pharmaceutical, which established a jo ...

Read more
BPCL to use Air Liquide’s technology for Kochi petrochem project

KOCHI, INDIA: Bharat Petroleum Corporation Limited (BPCL) said that it has selected Air Liquide Global E&C Solutions, the engineering and construc ...

Read more
Rosneft, BP to dissolve German joint venture

MOSCOW, RUSSIA: Rosneft said that it has signed a binding agreement with BP Plc, to dissolve the existing refining JV Ruhr Oel GmbH (ROG) as they move ...

Read more
Brazil fire: Explosion unleashes toxic gas in Santos

London, UK: A chemical explosion at a cargo warehouse in Brazil has spread toxic gas over the country’s biggest port. The company owners said t ...

Read more
AkzoNobel, Evonik break ground for production JV in Germany

IBBENBUREN, GERMANY: AkzoNobel NV and Evonik Industries said that they have broken ground at the site of their production joint venture for chlorine a ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X