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Report: super-rich gain 'double dividend' from climate crisis
Original: Super-rich get ‘double dividend’ from causes and costs of climate crisis, report finds
A new report finds the world's super-rich profit twice from the climate crisis: their wealth is heavily invested in the fossil fuels driving global warming, while they are also best placed to profit from the consequences, such as rising demand for cooling, insurance and other adaptation. Critics say the findings underline how climate costs fall on the poorest while financial benefits concentrate at the top, renewing calls for wealth taxes and polluter accountability.
Why now: Fresh research highlighting inequality between the richest polluters and those bearing climate costs is drawing wide attention.
The Guardiansuper-richclimate crisis
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Evidence
- Super-rich get ‘double dividend’ from causes and costs of climate crisis, report finds · The Guardian
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