Wealthiest 1% Have Used Up Their Share of Worlds Carbon Budget in Just 10 Days, Analysis Finds [Video]

According to a new analysis by the nonprofit organization Oxfam Great Britain (Oxfam GB), the wealthiest 1% of people in the world have already exhausted their annual share of the global carbon budget.

One’s annual share of the carbon budget is the amount of carbon emissions per person that can be added into the atmosphere while remaining within the target for no more than 1.5 degrees Celsius of warming compared to pre-industrial times. 

The richest 1%, which includes 77 million people such as billionaires and millionaires, surpassed their share of the carbon budget in just the first 10 days of 2025. By comparison, someone in the poorest 50% of the global population would use up just their share of the annual global carbon budget in 1,022 days.

“The future of our planet is hanging by a thread, yet the super-rich are being allowed to continue to squander humanity’s chances with …