Oxfam's report reveals Europe's wealthiest emit as much greenhouse gas in a week as the poorest 1% do in a lifetime, advocating wealth taxes on luxury emissions.

Oxfam's report highlights that Europe's wealthiest emit as much greenhouse gas in a week as the poorest 1% do in a lifetime. With COP29 approaching, the NGO advocates for wealth taxes on luxury emissions from private jets and superyachts. Oxfam emphasizes the disproportionate impact of the super-rich on climate change, linking their investments in polluting industries to rising hunger and poverty. The report calls for urgent action to address climate and inequality crises.