Tuesday, August 22, 2023

If This Surprises You, Raise Your Hand

From euronews.green:

The richest 10 per cent of US households are responsible for 40 per cent of the country’s greenhouse gas emissions, a new study reveals.

Rather than focusing on consumption - such as transport, food or energy use - the study looked at emissions linked to people’s income.

They found that wealthy US households reap the biggest benefit from emissions while being most responsible for them.

The study's authors argue that an income based carbon tax - particularly on investments - could help reduce climate inequality and fund much needed decarbonisation measures.

They were doing fine until that last sentence.

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