Enormous, Growing Emissions from Millionaires and Billionaires Incompatible with a Survivable Planet
A recent peer-reviewed scientific paper titled “Millionaire Spending Incompatible with 1.5 C Ambitions” was published.
It basically shows that the number of millionaires and billionaires and their growth rate, plus their increasing purchase and usage of mega-super-yachts and private jets for transportation are incompatible with reducing emissions and saving civilization from climate collapse.
While emissions from people living in central Africa are as low as 0.1 t CO2 per capita, emissions from super wealthy billionaires are as much as 100,000 times higher (10,000 t CO2 per capita). For ultra rich billionaires, about 64% of their annual emissions are coming from their mega-yachts, 34% is from their private jet aircraft, and 2% is from their multiple houses in multiple countries.
I chat about these very important facts on the carbon footprints of the very wealthy. The only conclusion to be reached is that to have any hope of reducing carbon emissions, the consumption of the extremely wealthy needed to be reigned in. These are the harsh facts of our climate emergency.
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