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7h ago

G20 Experts Urge IPCC-Style Panel on Inequality After Report Warns of an ‘Emergency’

The Stiglitz-led taskforce has delivered its findings to South Africa ahead of a push for G20 endorsement in Johannesburg this month.

Illustrative image: South African President Cyril Ramaphosa (Photos: Brenton Geach / Gallo Images | Flickr / GCIS)
South Africa's President Cyril Ramaphosa attends a meeting with President of the Swiss Confederation Karin Keller-Sutter (not pictured) and their delegations during a state visit, in Bern, Switzerland, October 29, 2025. REUTERS/Denis Balibouse
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Johannesburg is preparing to host G20 nations at a two-day summit at the NASREC Expo Centre later this month

Overview

  • The committee says the top 1% captured 41% of all new wealth since 2000 while the bottom half gained just 1%.
  • It proposes an International Panel on Inequality to provide independent, technical assessments for policymakers, modeled on the IPCC.
  • The report highlights looming intergenerational transfers of about $70 trillion by 2035 that could entrench wealth concentration.
  • It finds 83% of countries meet the World Bank’s high-inequality threshold and links such conditions to a sevenfold risk of democratic decline.
  • Country data show the top 1% grew their wealth share by 62% in India and 54% in China since 2000, with the recommendations due before G20 leaders on Nov. 22–23 in Johannesburg.