Report finds ‘relatively small group’ of rich people contribute disproportionately to emissions
, the author of Capital in the Twenty-first Century, whose work following the financial crisis more than a decade ago helped to popularise the idea of “the 1%”, a global high-income group whose interests are favoured by current economic systems.
The report also found that although overseas climate aid – a key focus of the recent Cop27 climate negotiations – would be needed to help developing countries reduce their emissions, it would not be enough and developing countries also needed to reform their domestic tax systems to redistribute more from the wealthy.
Large emerging economies – such as China – now bore an increasing responsibility for the stock of carbon dioxide in the atmosphere, the report added. They must now produce clear plans on reaching net zero emissions.worked extensively on the issue of the polluting elite
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NHS faces ‘alarming’ exodus of doctors and dentists, health chiefs warnExclusive: Report suggests four in 10 doctors and dental professionals may quit health service by 2028
Read more »
ASX Live: Australian shares, Federal Reserve meeting tops agenda, Apple to report on Friday AEDTAustralian shares to open higher, lifted by further gains in New York. Meta, Apple, Alphabet to report. Focus on US policymakers. Follow updates here.
Read more »
'Green gold': Legalising marijuana could yield $28 billionAllowing Australians to grow six marijuana plants in their homes could yield $28 billion, according to a parliamentary body report.
Read more »
Adani claims US investment firm’s fraud allegations are an ‘attack on India’Conglomerate responds to Hindenburg Research report that claimed it was the ‘biggest con in corporate history’
Read more »
US utilities shut off power to millions amid record corporate profits – reportLargest utilities spent billions on stock buybacks, dividend payments to shareholders and executive salaries, analysis finds
Read more »
Education report card highlights failuresCentre for Independent Studies' Glenn Fahey discusses the Australian education system's failures with Sky News host James Morrow.
Read more »