Oxfam: Richest 0.1% emit more carbon than poorest 3.5 billion combined
A new Oxfam analysis, released ahead of COP31 in Türkiye, finds that the world's wealthiest 8 million people produce more carbon pollution than the poorest 3.5 billion people combined. Oxfam says a person in this top 0.1% has contributed nearly 400 times more to current extreme heatwaves than someone in the poorest half of humanity, and that this group alone emits over three times more than all of Sub-Saharan Africa's 1.3 billion residents. The report also introduces a 'Destroy & Rebuild Index' tracking how wealthy investors in polluting industries are also profiting from disaster recovery and preparedness businesses.
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The findings could sharpen pressure on governments at COP31 to adopt wealth- or emissions-based taxes targeting high polluters, a policy Oxfam is explicitly calling for. Oxfam's framing suggests climate harm and climate profiteering are concentrated among the same small group, which may fuel debates over whether existing carbon policies unfairly burden ordinary citizens while sparing the wealthiest emitters. Because this is advocacy research from an NGO, its figures and framing may face scrutiny from governments or industries named in the index.
- Richest 0.1% (8 million people) emit more carbon than poorest 3.5 billion combined, per Oxfam.
- A top 0.1% individual has contributed nearly 400 times more to extreme heatwaves than someone in the poorest half of humanity.
- Oxfam's new Destroy & Rebuild Index highlights super-rich investors profiting from both pollution and disaster recovery, and urges COP31 negotiators to make polluters pay.
Source: oxfam.org, 2026-10-29
Published there as: “Richest 0.1% (8M) produce more carbon pollution than 3.5B”
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