World’s richest 1% have already used fair share of emissions for 2026, says Oxfam
The Guardian••world
Key Points:
- The richest 1% of the global population have used up their annual carbon emissions budget within the first 10 days of 2026, while the top 0.1% exhausted theirs in just three days, according to Oxfam's analysis.
- Oxfam highlights that the worst impacts of these emissions will be suffered by those least responsible for the climate crisis, including people in low-income countries, Indigenous groups, women, and girls.
- The charity warns that lower- and middle-income countries face the greatest risks from climate damage, with potential global economic losses reaching £44 trillion by 2050.
- Oxfam calls on the UK government to increase taxes on extreme wealth and climate-polluting industries, noting
