richest 1%

The carbon footprints of the richest 1 per cent of people on Earth is set to be 30 times greater than the level compatible with the 1.5°C goal of the Paris Agreement in 2030, according to new research out today. It comes as delegates grapple with how to keep this goal alive at the COP26 meeting in Glasgow.

Today, a group of 83 millionaires from seven countries, the “Millionaires for Humanity”, released an open letter to governments, calling for a permanent tax increase on the very wealthiest to help pay for the global recovery from the COVID-19 crisis.

Did you know that since the start of the COVID-19 pandemic, billionaires have made unimaginable, record-breaking fortunes? Every year, the gap between rich and poor gets even wider – standing in the way of ending global poverty. It is time to bring an end to inequality and overcome poverty for good.

The Credit Suisse Global Wealth Report shows once again that economic inequality remains at shockingly high levels.  The richest 1 percent now has as much wealth as the rest of the world combined.