Australia’s 2035 climate targets on path to net zero judged by the experts

After much anticipation, Australia has set its new climate targets: a reduction of 62 to 70 per cent…
#NewsBeep #News #Headlines #AU #Australia #australiaemissins #carbonbudget #climateaction #Climatechange #climategoals #climatepolicy #climaterisk #extremeweather #globalemissions #globalwarming #netzero
https://www.newsbeep.com/129999/

Carbon Inequality Kills: Why curbing the excessive emissions of an elite few can create a sustainable planet for all

The paper highlights how the excessive #emissions from the lifestyles and investments of the super-rich are accelerating #GlobalWarming, leading to severe #economic losses, crop failures, and increased mortality rates, particularly in low-income countries.
Key points include:

Carbon Inequality: The richest 1% of the global population are responsible for a disproportionate amount of #CarbonEmissions, depleting the global #CarbonBudget at an unsustainable rate. If everyone emitted carbon at the rate of the top 1%, the remaining carbon budget would be exhausted in fewer than five months.

Luxury Emissions: The document provides evidence of how private jets and #superyachts owned by billionaires contribute significantly to carbon emissions. For instance, the private #jets of 23 #billionaires emitted an average of 2,074 tonnes of carbon annually, equivalent to hundreds of years of emissions for the average person.

Investment Emissions: The investment activities of billionaires are even more damaging, with their #portfolios heavily weighted towards polluting industries. The investment emissions of billionaires are, on average, around 2.6 million tonnes of CO2 equivalents annually, vastly overshadowing their personal consumption emissions.

Economic and Human Costs: The emissions from the richest are causing trillions of dollars in economic damages, significant agricultural losses, and millions of excess deaths due to increased global temperatures. Low- and lower-middle-income countries bear the brunt of these impacts.

Recommendations: The paper calls for urgent action to reduce the emissions of the super-rich through progressive #taxation, banning or heavily #taxing carbon-intensive luxuries, and regulating corporations to reduce their #CarbonFootprint's. It also advocates for making rich polluters pay for climate damages and reimagining economies to prioritize human and planetary #wellbeing over #wealth accumulation.

Overall, the document emphasizes the need for systemic changes to address the dual crises of climate change and inequality, urging governments to implement policies that curb excessive emissions and promote a more equitable and sustainable world.

https://policy-practice.oxfam.org/resources/carbon-inequality-kills-why-curbing-the-excessive-emissions-of-an-elite-few-can-621656/

#ClimateCrisis

"According to the Committee on Climate Change, the UK’s share of global emissions is approximately 1 per cent. However, the carbon budgets they have recommended, up to 2043, are equivalent to 1.79% of what they acknowledge to be the available global budget for only a 50% chance of limiting warming to 1.5 degrees. Britain is setting too large a carbon budget for itself, taking nearly twice its fair share"
From my latest piece.
https://degrowthuk.org/2025/08/01/renewables-carbon-and-the-energy-crisis/

#CarbonBudget #energy #UK

⏱️ 𝗖𝗼𝗻𝗼𝘀𝗰𝗲𝘁𝗲 𝗹'𝗼𝗿𝗼𝗹𝗼𝗴𝗶𝗼 𝗰𝗹𝗶𝗺𝗮𝘁𝗶𝗰𝗼? ⏱️

Il 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗖𝗹𝗼𝗰𝗸 mostra quanto tempo resta per limitare il riscaldamento globale a 1,5°C sopra i livelli preindustriali, secondo le attuali emissioni di CO₂.
Ideato nel 2015 da David Usher e Damon Matthews (Human Impact Lab – Montréal), è stato reso famoso nel 2020 da Gan Golan e Andrew Boyd con l’enorme display a Union Square, NY.

#TransizioneEcologica #CarbonBudget #CrisiClimatica #AgireOra
#ClimateClock

1/segue

#climate #carbonbudget

Are Climate Targets Enough? The Shrinking Carbon Budget
https://www.linkedin.com/pulse/earth-losing-resilience-does-matter-part-1-risks-we-dont-rockstr%C3%B6m-sigre

"The #ClimateChange Committee, the #independentwatchdog tasked with ensuring the #UK meets its legally binding #netzerotarget by 2050, said in its sixth #carbonbudget that there could be #noairportexpansion unless there were significant reductions in #carbon intensity in other areas of the #economy such as #roadtransport and #agriculture.

#Environmentalists urge Reeves to rethink plans for airports and roads | Airline emissions | The Guardian
https://www.theguardian.com/environment/2025/jan/29/environmentalists-urge-reeves-to-rethink-plans-for-airports-and-roads

#netzero
#UKeconomy