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Wealthiest 10% responsible for 48% of greenhouse gas emissions, study finds
The top 1% of emitters are responsible for nearly a quarter of all emissions contributing to global warming, a new study published in Nature Sustainability reveals. According to Lucas Chancel, author of the study, the top 10% are now responsible for nearly 50% of the total.
Until now, researchers had focused on emissions from goods and services to assess an individual’s contribution to global warming. Lucas Chancel, a member of the Global Inequality Lab at the Paris School of Economics (France) and sole author of the research, included an update to the method used and obtained new results.
In his research, he incorporated a person’s economic investments into his or her carbon footprint. This allows for greater accuracy in the figures and better tracking of greenhouse gas (GHG) emissions. According to Chancel, the rich produce more CO2 because they invest in companies that work, for example, with fossil fuels.
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