Analysts at the World Inequality Lab, run by the Paris School of Economics and the University of California at Berkeley, have recently proposed an alternative assessment, focusing more on variable measures of consumer income than on gross domestic product. After a generation of poorly-distributed gains from globalization, it turns out that personal wealth explains the sources of emissions better than national wealth. Indeed, the differences between large and small emitters within the same nation show that, on a global scale, the richest 1%, spread across the whole world, actually emit 70 times more carbon than the 50% least wealthy. So where do we start?…
