Tag: carbon

World’s richest 1% have blown through their fair share of carbon emissions for 2026 in just 10 days

Stuart Mitchell

The world’s richest 1% have exhausted their annual carbon budget – the amount of CO2 that can be emitted while staying within 1.5 degrees of warming – only ten days into the year, according to new analysis from Oxfam. The richest 0.1% already used up their carbon limit on 3 January. This day – named by Oxfam as ‘Pollutocrat Day’ – highlights how the super-rich are disproportionately responsible for driving the climate crisis. Each of the UK’s richest 0.1% produces more carbon pollution on average in eight days than someone…

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Richest 1% in the Middle East and North Africa emit more than twice as much carbon pollution as the poorest half of the population — Oxfam

Stuart Mitchell

The richest 1 percent in the Middle East and North Africa (MENA) region were responsible for 26 percent of carbon emissions in 2022, while the poorest half of the population were responsible for only 10 percent of emissions, an Oxfam report released today has found. The report, Not Everyone is in the Same Boat; Climate and Inequality in the Middle East and North Africa, draws on research by the Stockholm Environment Institute (SEI) and Oxfam and shows how those who contribute the least to the climate crisis suffer the consequences…

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Richest 1% use their entire annual carbon limit in just 10 days

Stuart Mitchell

The richest 1% have used their share of the annual global carbon budget —the amount of CO2 that can be added to the atmosphere without pushing the world beyond 1.5°C of warming— within the first 10 days of 2025, new Oxfam analysis reveals. In stark contrast, it would take someone from the poorest half of the global population nearly three years (1,022 days) to use up their share of the annual global carbon budget. This alarming milestone, dubbed “Pollutocrat Day” by Oxfam, a global organization that fights inequality to end…

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Carbon Software Firm MVGX Tech Partners with Exberry to Power Interconnected Carbon Exchange and Registry Network Upholding Carbon Sovereignty

Stuart Mitchell

MVGX Tech, a carbon Software-as-a-Service (SaaS) company empowering corporations, governments, and institutions to take action at every stage of their decarbonisation journeys, announced today a strategic carbon trading infrastructure partnership with Exberry, an independent capital market exchange technology provider. United by a vision to enable and accelerate efficient, regulated carbon markets, both enterprises are joining forces in developing the foundational infrastructure on which compliant carbon markets, connected by a shared registry, can be built. The carbon trading architecture is backed by Exberry’s cloud-agnostic trading platform which is optimised to process high…

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Kingspan reduces absolute scope 1 & 2 GHG emissions and achieves a 29 per cent reduction in carbon intensity

Stuart Mitchell

Kingspan Group, the global leader in advanced insulation and building solutions, has released its second annual report for its 10-year sustainability programme, Planet Passionate. Highlights include a 4.3% reduction1 in scope 1 and 2 GHG emissions and a 29% reduction in carbon intensity2 year-on-year, against a background of 42% total revenue growth for the period. For the second year running, the Group has made absolute reductions towards its 2030 net zero carbon manufacturing goal. This is underpinned by a verified SBTi3 target to reduce absolute Scope 1 and 2 GHG emissions by 90% by 2030,…

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