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Wealthiest 10% Linked to Two-Thirds of Global Warming Since 1990, Study Reveals

Groundbreaking research ties high-income consumption and investments to climate extremes, intensifying calls for targeted wealth and carbon taxes.

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People waiting to get on a plane on the runway. Credit: SJBright / Alamy Stock Photo.

Overview

  • A Nature Climate Change study attributes two-thirds of global warming since 1990 to the wealthiest 10%, highlighting their disproportionate climate impact.
  • The top 1% of emitters contributed 26 times the global average to deadly heatwaves and 17 times more to droughts in vulnerable regions like the Amazon.
  • Researchers used innovative modeling to trace emissions from income groups to specific climate disasters, marking the first study of its kind.
  • Emissions from the wealthiest 10% in the U.S. and China alone caused a two- to threefold rise in heat extremes in affected regions.
  • The findings bolster proposals for progressive taxes on wealth and carbon-intensive investments, though global efforts to implement such policies remain stalled.