World's richest 1 percent emit as much carbon as two-thirds of humanity: report

Oxfam says ending fossil fuels will be impossible to do until the super rich stop investing in heavily polluting companies. They also need to rein in lavish lifestyle habits such as the use of carbon-emitting yachts and private jets. AFP - PATRICK T. FALLON

As the world grapples with the dual crises of inequality and climate change, a new report has found the richest 1 percent of the global population is generating the same amount of carbon emissions as the five billion people who make up the poorest two-thirds.

Analysis published Sunday by the charity Oxfam International concluded that the 77 million people who comprised the wealthiest 1 percent of the world's population in 2019 were responsible for 16 percent of all global emissions that year.