Super-rich get ‘double dividend’ from causes and costs of climate crisis, report finds
Oxfam says investing by rich in disaster recovery widens inequality and gives incentive to delay climate action The world’s wealthiest people are not just profiting from the polluting causes of climate breakdown, they are also increasingly cashing in on the catastrophic consequences, according to a study by Oxfam. The global equality organisation has found that the richest 0.1% of the world’s population are heavily invested in disaster preparedness, recovery and reconstruction – a market that is
Key Takeaways
- Super-rich get ‘double dividend’ from causes and costs of climate crisis, report finds.
Oxfam says investing by rich in disaster recovery widens inequality and gives incentive to delay climate actionThe world’s wealthiest people are not just profiting from the polluting causes of climate breakdown, they are also increasingly cashing in on the catastrophic consequences, according to a study by Oxfam.The global equality organisation has found that the richest 0.1% of the world’s population are heavily invested in disaster preparedness, recovery and reconstruction – a market that is projected to grow from $70bn to $92bn a year by 2029. Continue reading...
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Published originally on Guardian Environment
