Global rich must cut their carbon footprint 97% to stave off climate change

Re:Global rich must cut their carbon footprint 97% to stave ... by PragmaticPulp on Friday May 07, 2021 @02:44PM (#27079377)

The threshold to join the top 10% of global wealth (the measure used in this study) is a net worth of $93,170 USD. To join the top 1%, it's $871,230. (Both numbers from a 2018 Credit Suisse study)

Most HN readers are likely in the global top 10% or will be within a few years of a tech-related career. Many will be in the global 1% simply by saving for retirement over time.

This study refers to the "global rich", but that means it's referring to most of us.

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Re:Global rich must cut their carbon footprint 97% to stave ... by antisthenes on Friday May 07, 2021 @02:57PM (#27079547)

The article specifically refers to income, not wealth.

I'm sure you pointed it out with good intentions, but it's fairly obvious why wealth and income are completely orthogonal when it comes to CO2 emissions.

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Re:Global rich must cut their carbon footprint 97% to stave ... by pmastela on Friday May 07, 2021 @03:09PM (#27079711)

Thanks for turning me on to Credit Suisse's global wealth reports [1]. They're a wealth of knowledge.

[1] https://www.credit-suisse.com/about-us/en/reports-research/g...

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Re:Global rich must cut their carbon footprint 97% to stave ... by djdjdjdjdj on Friday May 07, 2021 @02:50PM (#27079460)

I'm very curious how this will look like.

I paid my co2 for 2 people from and back Germany Japan.

200$

That's nothing.

Will this create a hard barrier or do I need to stop flyibg?

Will we all accept to fly less? And consume much less?

Somehow I doubt it and will prepare myself the worst

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Re:Global rich must cut their carbon footprint 97% to stave ... by kaybe on Friday May 07, 2021 @02:55PM (#27079512)

Until the payment actually leads to the carbon being captured and stored again (or the kerosine is from renewable sources) nothing much is won.

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Re:Global rich must cut their carbon footprint 97% to stave ... by tunesmith on Saturday May 08, 2021 @04:52AM (#27085202)

There are plenty of organizations that track this and make sure the advertised offsets are not wasteful in this manner.

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Re:Global rich must cut their carbon footprint 97% to stave ... by xnx on Friday May 07, 2021 @03:03PM (#27079631)

This is key. Carbon has to get out of the air and go back in the ground.

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Re:Global rich must cut their carbon footprint 97% to stave ... by amelius on Friday May 07, 2021 @04:10PM (#27080343)

How is the carbon tax rate derived then?

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Re:Global rich must cut their carbon footprint 97% to stave ... by fredophile on Friday May 07, 2021 @07:46PM (#27082099)

When it comes to flying many people will choose worse service or worse flight times if they get a lower price. $100 per ticket can make a big difference in a price sensitive industry.

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