World’s richest 1% emit as much carbon as bottom two-thirds, says report


Excluding the carbon associated with his investments, Bernard Arnault, the billionaire founder of Louis Vuitton and richest man in France, has a footprint 1,270 times greater than that of the average Frenchman. – EPA pic, November 20, 2023.

THE richest 1% of the global population are responsible for the same amount of carbon emissions as the world’s poorest two-thirds, or five billion people, according to an analysis published yesterday by the nonprofit Oxfam International.

While fighting the climate crisis is a shared challenge, not everyone is equally responsible and government policies must be tailored accordingly, Max Lawson, who co-authored the report, told AFP.


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