The Guardian

Cop26: Richest 1% will account for 16% of total emissions by 2030 - day five live

The Guardian logo The Guardian 05.11.2021 11:16:18 Chris Michael
Smoke rises by a road near the UN Climate Change Conference (COP26) venue in Glasgow, Scotland on 5 November 2021.

LIVE - Updated at 08:54

Follow events at the climate summit in Glasgow for day five.

It is, among other things, oceans day here in Glasgow.

As the "blue finance" roundtable kicks off this morning, looking at how to invest in ocean resilience to tackle climate risk, the Guardian's Seascape project - for which I am the editor, hello! - has published Part 2 of a deep dive (sorry) into so-called "blue carbon".

Blue carbon is the hidden CO2 sink that 10 years ago we barely knew about, but experts now say could help provide up to 15% of the emissions cuts we need. However, these incredible marine ecosystems (mangroves, seagrass and salt marshes) are vanishing - and replacing them isn't as easy as it sounds. Think tree-planting underwater.

Read our fascinating piece by Karen McVeigh:

https://theguardian.com/environment/2021/nov/05/seagrass-meadows-could-turn-tide-of-climate-crisis-aoe

Good morning! Thanks for following our coverage so far. I'll be your liveblogger for what is (drum roll) youth and public empowerment day at Cop26 in Glasgow, as well as the first of two days dedicated to nature and land use - including my beat, the oceans.

First, however, a report from my colleague Phoebe Weston about how the carbon dioxide emissions of the richest 1% of humanity are on track to be 30 times greater than what is compatible with keeping global heating below 1.5C.

Scientists are urging governments to "constrain luxury carbon consumption" of private jets, megayachts and space travel.

The Paris climate goals need every person on Earth to reduce their CO2 emissions to an average of 2.3 tonnes by 2030, about half the average of today, but the richest 1% - which is a population smaller than Germany - are on track to be releasing 70 tonnes of CO2 per person a year if current consumption continues.

"A tiny elite appear to have a free pass to pollute," said Nafkote Dabi, climate policy lead at Oxfam.

Related: 'Luxury carbon consumption' of top 1% threatens 1.5C global heating limit

vendredi 5 novembre 2021 13:16:18 Categories: The Guardian

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