07/11/2023
"Global income distribution is significantly less polarized than wealth. The poorest half of humanity—the bottom 50 percent—enjoy a full 8.5 percent of global income, a dismal figure to be sure but still considerably more than their 2 percent of global wealth. Similarly, the world’s top 10 percent take 52 percent of the world’s total income, a figure that, while smaller than their 76 percent of total wealth, is still horrifying. And if you venture into the heights, where you find the top 5 percent, the top 1 percent, the top one-hundredth of the top 1 percent, you’ll see that the concentration of both wealth and income—and emissions as well—continue to intensify as you rise, in an almost fractal manner.
When the history of the climate reckoning is written, these current years will figure large in the tale. Indeed, the U.N. climate conference known as , which will be held later this month in Dubai with Sultan Al Jaber of the United Arab Emirates—an oil executive from the global south—as its president, may well prove to be the pivot. A chill has come over the world’s elites in recent years as they gradually realize that today’s international governance system—with its parade of agonizingly compromised climate summits and its utter inability to establish a just and cooperative peace—may simply not be up to the challenge of climate stabilization."
Efforts to curb climate change are failing. That’s partly due to the staggering contributions of the global elite.
Working to bring betterment in environmental reporting in Pakistan
