COP31

In response to the outcome of the pre-COP summit in Fiji, Oxfam Climate Policy Lead Nafkote Dabi said: 

Climate disasters don’t affect everyone equally. The super-rich are responsible for a disproportionate share of carbon emissions while the rest of the world faces the worst consequences. As people struggle to recover from floods, fires and rising food prices, the super-rich can protect themselves and even profit from the crisis.

Oxfam’s new research shows how the super-rich are also actually cashing in on climate pain – making huge profits from sky-high food prices and profiting from disasters. Meanwhile, ordinary people, hit by successive climate shocks, struggle to recover.

The world’s richest 0.1 percent (8 million people) produces more carbon pollution than the world’s poorest 3.5 billion people combined, reveals new Oxfam analysis. Published ahead of the UN climate summit (COP31) in Türkiye, the report exposes how the world's super-rich are driving climate breakdown through their outsized emissions, while shielding themselves from the consequences and, increasingly, profiting from the destruction.