Dear MEL Topic Readers,
America’s richest 10% are responsible for 40% of its planet-heating pollution, new report finds
It is a known fact that wealthy people use more space, energy, materials, and resources than less wealthy people as they live in big houses, fly private jets, drive large vehicles, and purchase non-essential items like jewelry and clothing that are seldom used. Now, a new study found that the wealthiest 10% of Americans are responsible for around 40% of human-caused planet-heating pollution in the US when their investment in fossil fuel-generating companies is taken into account. Another report released last year indicated that the planet-heating pollution produced by billionaires is a million times higher than the average person outside the world’s wealthiest 10%. Those researchers call for actions to governments to develop policies to curb greenhouse gas emissions mainly caused by the rich. Indeed, when energy prices rise, poorer people are the ones that are impacted hardest while higher tax rates on luxury items or properties won’t affect most people.
Read the article and learn about who is more responsible for global warming.
https://edition.cnn.com/2023/08/17/business/rich-americans-climate-footprint-emissions/index.html
America’s richest 10% are responsible for 40% of its planet-heating pollution, new report finds
It is a known fact that wealthy people use more space, energy, materials, and resources than less wealthy people as they live in big houses, fly private jets, drive large vehicles, and purchase non-essential items like jewelry and clothing that are seldom used. Now, a new study found that the wealthiest 10% of Americans are responsible for around 40% of human-caused planet-heating pollution in the US when their investment in fossil fuel-generating companies is taken into account. Another report released last year indicated that the planet-heating pollution produced by billionaires is a million times higher than the average person outside the world’s wealthiest 10%. Those researchers call for actions to governments to develop policies to curb greenhouse gas emissions mainly caused by the rich. Indeed, when energy prices rise, poorer people are the ones that are impacted hardest while higher tax rates on luxury items or properties won’t affect most people.
Read the article and learn about who is more responsible for global warming.
https://edition.cnn.com/2023/08/17/business/rich-americans-climate-footprint-emissions/index.html
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