The Richest 1% Will Need to Reduce Their Current Emissions!

The combined emissions of the richest 1% of the global population account for more than twice the share of the poorest 50%.

That’s according to the Emissions Gap Report by UN Environment Programme (UNEP), which suggests the richest 1% will need to reduce their current emissions by at least a factor of 30 to help the planet meet the 1.5°C goal of the Paris Agreement.

The report investigates the difference between where the greenhouse gas emissions are forecast to be in 2030 and where they should be to avoid the worst impacts on climate change.

The findings of the analysis show that although carbon dioxide emissions could decrease by about 7% in 2020, compared to 2019 levels due to Covid-19, atmospheric concentrations of greenhouse gas emissions continued to rise.

Inger Andersen, UNEP’s Executive Director, said: The year 2020 is on course to be one of the warmest on record, while wildfires, storms and droughts continue to wreak havoc.”

“However, UNEP’s Emissions Gap report shows that a green pandemic recovery can take a huge slice out of greenhouse gas emissions and help slow climate change. I urge governments to back a green recovery in the next stage of COVID-19 fiscal interventions and raise significantly their climate ambitions in 2021.”

Resource: Energylivenews

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