Overview
- A study published in *Nature Climate Change* reveals the wealthiest 10% of individuals are responsible for two-thirds of global warming since 1990.
- The top 1% contributed 26 times more to deadly heatwaves and 17 times more to Amazon droughts compared to the global average.
- The research highlights the role of emissions embedded in financial investments, not just personal consumption, as key drivers of climate change.
- Findings bolster calls for progressive wealth taxes and carbon levies on high-net-worth individuals to address emissions inequality and fund climate adaptation in vulnerable regions.
- The study underscores the urgency of holding affluent emitters accountable as global temperatures near the critical 1.5°C threshold set by the Paris Agreement.