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Oxfam reports on global and regional wealth inequality

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2026-10-29 17:42 UTC → 2026-10-30 17:38 UTC · added ~~removed~~

Oxfam has released findings highlighting significant disparities in wealth distribution and its environmental consequences. In Peru, an analysis conducted with the Institute for Peruvian Studies shows that the top 1 percent of the population captured 42 percent of all new wealth generated between 2019 and 2025, an increase from the 39 percent share held between 2000 and 2019. During this same period, the poorest 50 percent of Peruvians received only 1.4 percent of new wealth. On a global scale, the ‘Disaster Divide’ and ‘Disaster, for Whom?’ reports indicate that the world’s richest 0.1%, or approximately 8 million people, generate more carbon emissions than the poorest 3.5 billion people combined. This group produces 44 percent more consumption-based emissions than the bottom 50 percent of the global population. Oxfam notes that wealthy investors are often involved in both carbon-polluting industries and the disaster recovery market, which is projected to grow from $70 billion to $92 billion annually by 2029. Regional data highlights these gaps: in Colombia, the wealthiest 0.1% emit 115 times more CO2 per person than the poorest half of the population, while in Sweden, the richest 0.1% emit an average of 198 tons of CO2 per person ~~annually—50~~ annually. In the United States, the richest 0.1% emit 108 times more per person than the ~~lowest income bracket.~~ poorest half. The reports link economic inequality to climate mortality, estimating that emissions from the richest 1 percent could cause 1.9 million additional heat-related deaths ~~annually and lead to nearly $53 trillion in economic damages by 2050.~~ annually. Oxfam is calling for increased taxation on high wealth, private jets, and fossil fuel company excess profits ahead of ~~COP31.~~ COP31 in Türkiye.

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