World's top 10% responsible for up to $5.7 trillion of climate, biodiversity damage

World's top 10% responsible for up to $5.7 trillion of climate, biodiversity damage

New research suggests that the environmental costs associated with the world's top 10% of consumers add up to trillions of dollars each year. What happened? "The World's Richest Population are Costing the Earth Trillions. Study finds the top 10% of global consumers is disproportionately responsible for transgressing planetary boundaries, causing damages for which broader society bears the costs," reads the caption of a post on Reddit's r/science…

Wealthiest consumers’ environmental damage costs up to $5.7 trillion a year -study « Carbon Pulse

The annual damages to climate and biodiversity caused by consumption of the wealthiest 10% of consumers worldwide is between $1.7 and $5.7 trillion, a study has estimated.

World's Richest 10% Consumers Cause Up to $5.7T in Environmental Damage a Year, New Study Finds

A new study has put a price tag on one of the biggest drivers of environmental damage: consumption by the world’s wealthiest households. Researchers from Leiden University and the University of Oxford found that the top 10% of global consumers cause $1.7 trillion to $5.7 trillion in environmental cost each year. The study, published in Nature Communications Sustainability, offers one of the clearest estimates yet of how spending patterns transla…