Super-rich’s assets cause outsized amount of climate harm, study says
A new Greenpeace study suggests that the world's wealthiest 1% are responsible for a significant portion of global greenhouse gas emissions through their corporate ownership and financial investments. The report estimates that these assets contribute nearly $1 trillion in climate-related damage annually.
Why it matters
This research shifts the climate change discourse from individual lifestyle choices to the systemic impact of capital investment and corporate ownership by the ultra-wealthy.
Greenpeace said a large share of emissions was associated with the ownership of carbon-intensive assets and investments such as property developments. Photograph: A Amsel/Alamy View image in fullscreen Greenpeace said a large share of emissions was associated with the ownership of carbon-intensive assets and investments such as property developments. Photograph: A Amsel/Alamy Climate crisis Super-rich’s assets cause outsized amount of climate harm, study says Greenpeace calculates that wealthiest contribute nearly $1tn of damage a year with ownership-based emissions
The article highlights a report from an activist organization (Greenpeace) that focuses on wealth inequality and corporate responsibility.
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