The richest 1% have exhausted their annual carbon budget – the amount of CO2 that can be emitted while staying within 1.5 degrees of warming - only ten days into the year, according to new analysis from Oxfam.
The amount of wealth that the G20’s own billionaires made just last year – $2.2 trillion – would have been more than enough to lift 3.8 billion people out of poverty, says Oxfam.