Tag: Oxfam

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…

Read More

Oxfam’s work reached 1.2 million more people last year despite drop in income

Stuart Mitchell

Oxfam GB’s work with communities to build a fairer world reached almost 11 million people in 2023/24, an increase of 1.2 million on the previous year, despite a drop in overall income. The international organisation’s annual report, published today, shows that income for the year to end of March 2024 dropped to £368 million, from £400.6 million in the previous financial year. The fall is mostly due to the fact there were two major fundraising appeals in 2022/23 – for the Türkiye Syria earthquake and Pakistan floods – which bolstered…

Read More

Billionaires emit more carbon pollution in 90 minutes than the average person does in a lifetime

Stuart Mitchell

Fifty of the world’s richest billionaires on average produce more carbon through their investments, private jets and yachts in just over an hour and a half than the average person does in their entire lifetime, a new Oxfam report reveals today. The first-of-its-kind study, “Carbon Inequality Kills,” tracks the emissions from private jets, yachts and polluting investments and details how the super-rich are fueling inequality, hunger and death across the world. The report comes ahead of COP29 in Baku, Azerbaijan, amidst growing fears that climate breakdown is accelerating, driven largely…

Read More

Buying one pair of second-hand jeans and a t-shirt could save equivalent of 20,000 bottles of water – Oxfam

Stuart Mitchell

Buying just one pair of jeans and a t-shirt second-hand could help save the equivalent of 20,000 standard bottles of water, new Oxfam analysis reveals. The findings come as Oxfam launches its sixth Second Hand September campaign to encourage people to shop preloved and donate their unwanted clothes to help reduce the need for new clothes. The garment industry has an enormous water footprint that is straining the planet’s limited water resources. The total water footprint of clothing used in the UK annually is eight billion cubic metres, enough to…

Read More

Rich countries overstating “true value” of climate finance by up to $88 billion, says Oxfam

Stuart Mitchell

“Real” financial effort by rich countries to provide climate finance to lower-income countries is less than a third of what the reported figure seems to suggest Rich countries have again effectively short-changed low- and middle-income countries as part of international climate change negotiations by as much as $88 billion in 2022 according to new figures from Oxfam. Wealthy countries say they mobilized nearly $116 billion in climate finance in 2022 ―for the first time surpassing the $100 billion a year they had originally promised to reach by 2020, to help…

Read More