2 Matching Annotations
  1. Aug 2023
    1. A non-essential culture?
    1. Our findings suggest that the share of US$2020-millionaires in the world population will grow from 0.7% today to 3.3% in 2050, and cause accumulated emissions of 286 Gt CO2. This is equivalent to 72% of the remaining carbon budget, and significantly reduces the chance of stabilizing climate change at 1.5 °C.
      • for: millionaire emissions, carbon inequality, inequality, W2W
      • paraphrase
        • Our findings suggest that the share of US$2020-millionaires in the world population will grow
          • from 0.7% today
          • to 3.3% in 2050,
        • and cause accumulated emissions of
          • 286 Gt CO2
          • equivalent to 72% of the remaining carbon budget,
        • and significantly reduces the chance of stabilizing climate change at 1.5 °C.
        • Continued growth in emissions at the top makes a low-carbon transition less likely,
          • as the acceleration of energy consumption by the wealthiest
          • is likely beyond the system's capacity to decarbonize.
          • To this end, we question whether policy designs such as progressive taxes targeting the high emitters will be sufficient.