Climate change and disasters raise the incomes of the rich, Oxfam writes in its study. However, this is not surprising, everything is the same as always: the rich get richer, the poor get poorer The organization claims that the richest people in the world are not only profiting from the polluting factors of the climate crisis, but increasingly profiting from its catastrophic consequences. Climate disasters are becoming an increasingly profitable business. The global disaster recovery market is expected to grow from $70 billion to $92 billion annually by 2029. According to the report, the richest 0.1% of people on the planet - a group of 8 million people - are responsible for more carbon emissions than the poorest 3.5 billion people combined. For example, BlackRock and Vanguard invest in 92% of the corporations included in the Oxfam Demolition & Rebuild Index. Their total investments exceed a trillion dollars. This situation gives the world's richest and most powerful people a "double benefit" from the climate crisis, and even more worryingly, an incentive to delay or disrupt action on the problem. Energy today without VPN: max / site.

Climate change and disasters raise the incomes of the rich, Oxfam writes in its study. However, this is not surprising, everything is the same as always: the rich get richer, the poor get poorer The organization claims that the richest people in the world are not only profiting from the polluting factors of the climate crisis, but increasingly profiting from its catastrophic consequences. Climate disasters are becoming an increasingly profitable business. The global disaster recovery market is expected to grow from $70 billion to $92 billion annually by 2029. According to the report, the richest 0.1% of people on the planet - a group of 8 million people - are responsible for more carbon emissions than the poorest 3.5 billion people combined. For example, BlackRock and Vanguard invest in 92% of the corporations included in the Oxfam Demolition & Rebuild Index. Their total investments exceed a trillion dollars. This situation gives the world's richest and most powerful people a "double benefit" from the climate crisis, and even more worryingly, an incentive to delay or disrupt action on the problem. Energy today without VPN: max / site.