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Carbon Billionaires: The investment emissions of the world’s richest people
Maitland, Alex Lawson, Max Stroot, Hilde Poidatz, Alexandre Khalfan, Ashfaq Dabi, Nafkote
Maitland, Alex
Lawson, Max
Stroot, Hilde
Poidatz, Alexandre
Khalfan, Ashfaq
Dabi, Nafkote
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Titre
Les milliardaires du carbone : Les émissions liées aux investissements des personnes les
plus riches du monde
Publication date
2022-11-07
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Briefing note
Pages
32
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English paper
Adobe PDF, 1.1 MB
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French paper
Adobe PDF, 1.26 MB
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Adobe PDF, 1.01 MB
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English methodology
Adobe PDF, 164.5 KB
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<p>The world’s richest people emit huge and unsustainable amounts of carbon and, unlike ordinary people, 50% to 70% of their emissions result from their investments. New analysis of the investments of 125 of the world’s richest billionaires shows that on average they are emitting 3 million tonnes a year, more than a million times the average for someone in the bottom 90% of humanity.</p>
<p>The study also finds billionaire investments in polluting industries such as fossil fuels and cement are double the average for the Standard & Poor 500 group of companies. Billionaires hold extensive stakes in many of the world’s largest and most powerful corporations, which gives them the power to influence the way these companies act. Governments must hold them to account, legislating to compel corporates and investors to reduce carbon emissions, enforcing more stringent reporting requirements and imposing new taxation on wealth and investments in polluting industries.</p>
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English
French
Spanish
French
Spanish
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978-1-78748-968-4