Millionaires will burn through more than two-thirds of the world’s carbon budget over the next 30 years, new research has warned.
To limit global warming to below 1.5°C, we can only burn a certain amount of carbon. But millionaire emissions alone will deplete 72 per cent of this allowance before 2050, according to a paper published in the latest Cleaner Production Letters journal. “Continued growth in emissions at the top makes a low-carbon transition less likely, as the acceleration of energy consumption by the wealthiest is likely beyond the system’s capacity to decarbonize,” the scientists warn. The research coincides with the release of the latest Intergovernmental Panel on Climate Change (IPCC) report, which warns that a ‘liveable future’ requires urgent emissions cuts. The “global poor” are disproportionately impacted by the consequences of global heating, warned report co-author Aditi Mukherji “Climate justice is crucial because those who have contributed the least to climate change are being disproportionately affected,” he said.
We say a Ferrari ( even electric ) does more damage to the world than a horse and cart, in fact the emissions from the horse and cart is a bonus to agriculture.

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