World's super-rich have already used their share of carbon for 2025, says Oxfam

Oxfam CEO Jim Clarken said: 'Government leaders need to tax luxury emissions — including superyachts and private jets — introduce significant wealth taxes to fund climate action and make rich polluters pay.' File photo: PA

The richest 1% of the world’s population will have already burned through their share of the annual global carbon budget by today, just 10 days into the new year, according to new analysis.

The charity Oxfam said the super-rich have already used their share of carbon for all of 2025, while it would take the poorest 50% of the global population more than three years to use the same amount.