API
< Back to all clusters
[INTERNATIONAL] · Colombia, United States, Türkiye · 11 sources

started · updated

Oxfam report highlights extreme climate emission inequality

A new Oxfam report, titled ‘Disaster Divide’, reveals profound global inequalities in carbon emissions ahead of the COP31 summit in Türkiye. The study finds that the world’s richest 0.1%, approximately eight million people, generate more CO2 emissions than the poorest 3.5 billion people combined.

In specific regions, the disparity is stark. In Colombia, the wealthiest 0.1% emit 115 times more CO2 per person than the poorest 50% of the population. In the United States, the richest 0.1% emit 108 times more per person than the poorest half. The report also highlights the impact of luxury travel, noting that private jets globally emitted approximately 16 million tons of CO2 in 2025.

Oxfam further warns of a ‘double dividend’ where the ultra-wealthy benefit from the climate crisis. Through the ‘Destroy and Rebuild’ index, the organization identified 217 companies involved in both climate-damaging activities and disaster recovery. Major investors like BlackRock and Vanguard hold stakes in 92% of these companies, positioning them to profit from a disaster recovery market that could reach 92 billion dollars annually by 2029.

Entities

BlackRock · COP31 · Colombia · Lorena Nieto · Oxfam · Oxfam International · Stockholm Environment Institute · Sweden · Vanguard

Claims

What the coverage asserts, and how many sources carry each claim.