Guardian Weekly

The oil barons

The climate chasm between the world’s carban-guzzling rich and the heat-vulnerable poor forms a symbolic shape when plotted on a graph. Climate-heating greenhouse gas emissions are so heavily concentrated among a rich minority that the image resembles one of those old-fashioned broad-bowled, saucershaped glasses beloved of the gilded age: a champagne coupe.

At the top is the wide, flat, shallow bowl of the richest 10% of humanity, whose carbon appetite – through personal consumption, investment portfolios, and share of government subsidies and infrastructure benefits – accounts for about 50% of all emissions.

Just below is the epicure, that narrowing joint of the glass where the dregs collect. This is made up of the middle 40%, whose carbon habit is roughly proportionate to its number but still double the average carbon budget that everyone would need to stick to if the world is to have any chance of avoiding more dangerous levels of climate breakdown.

Going further down is the long, slim stem comprising the remaining 50% of the world’s population, whose carbon use tapers away along with incomes. At

You’re reading a preview, subscribe to read more.

More from Guardian Weekly

Guardian Weekly5 min read
Diversions
Thomas Eaton 1 Rebecca Andrews was the first recorded victim of what in 1665? 2 What drink is Jinro, the world’s bestselling spirit brand? 3 What payment to authors is capped at £6,600? 4 What is the highest peak in Northern Ireland? 5 Which cetacean
Guardian Weekly3 min read
Russia ‘Is Waging An Energy War’ Against Kyiv
A dramatic rise in European energy prices is inevitable if the Russian destruction of Ukrainian energy infrastructure continues unabated, the former chief executive of Ukraine’s state-owned oil company has warned. Andriy Kobolyev, a former head of Na
Guardian Weekly3 min read
Taxing Times Non-doms May Flee Over Labour Plans
‘People are jumping on planes right now and leaving,” said Nimesh Shah, the chief executive of Blick Rothenberg, an accountancy firm that specialises in advising very rich “non-doms” on their tax. Shah said his clients were “petrified” of plans to ab

Related Books & Audiobooks